Suspect Detection Systems Aims for Seven-Figure Contract in Southeast Asia (SDSS)

Suspect Detection Systems (OTC: SDSS) staged a mild rally today, after the company’s announcement of submitting a tender to win a seven-figure contract in Southeast Asia. Suspect Detection Systems opened today’s trading session at a share price of $0.037, saw some loss during the day, and eventually closed today’s trading session at $0.025 per share, or a gain of just over 2%. Volume of the stock spiked to a total of 3.01 million shares, outpacing the rally of the stock.

Today, July 30, 2012, Suspect Detection Systems announced that the company submitted a tender to win a seven-digit security contract with a federal agency in Southeast Asia. The company was the only firm to submit a bid at the request of the federal agency.

Suspect Detection Systems has painted an attractive stock chart in 2012. With today’s minor gain, the stock now has a total value boost of 66.7% since New Year’s Day. The highest performances of the stock were in May and June of this year. Suspect Detection Systems peaked at a share price of $0.039 on May 17 and June 22, 2012. The stock has been somewhat volatile in July, but today’s announcement and stock rally may be a sign of the stock continuing its positive performance.

On Twitter, @pennystock24 mentioned that Moving Pennies, along with a few others, promoted Suspect Detection Systems today. A number of newsletters have promoted Suspect Detection Systems, with 68 results for the promotion of the company appearing on stockpromoters.com. Compensation varied for the different promotions, with the most notable recent compensation being the $30,000 fee paid to Stock Tamer today.

Here are some other notable headlines for Suspect Detection Systems:

  • July 27, 2012: Suspect Detection Systems announced that the company has completed a significant proof of concept pilot at a major railway terminal in one of the world’s largest capital cities.
  • July 18, 2012: Suspect Detection Systems announced that the company fulfilled an order by a private company specializing in airport security in Latin America.
  • July 16, 2012: Suspect Detection Systems announced that 7,000 aviation employees of a major American airline have been screened utilizing the proprietary Cogito hostile intent detection system in Latin America.

Suspect Detection Systems is a developer of proprietary counter terrorism and crime prevention technology designed to identify threats in real-time, and prevent incidents before they are carried out. The technology detects the hidden “hostile intent” of assailants – before they commit their intended acts – with a high degree of accuracy. The system can also be used after a crime is committed to quickly identify criminals from among a general population pool, including suspects.

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Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.