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| [November 13, 2012] |
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Intellicheck Mobilisa Announces Executive Changes
PORT TOWNSEND, Wash. --(Business Wire)--
Intellicheck Mobilisa, Inc. (NYSE MKT: IDN) (the "Company"), a global
leader in access control and wireless security systems, by unanimous
direction of the Board of Directors, today announced Dr. Nelson Ludlow,
the Company's Chairman of the Board of Directors, will now serve as
President and Chief Executive Officer, effective immediately. He
replaces Steve Williams as President and CEO, who was separated from the
Company. Dr. Ludlow, who previously served as President and CEO of
Mobilisa as founder from 2001 through 2008, and President and CEO of
Intellicheck Mobilisa from the merger in 2008 to March 2011, will now be
leading the Company's overall vision, strategic growth and product
development. Michael D. Malone, Vice Admiral, US Navy, Retired, who was
appointed to the Company's Board of Directors in June 2011, will serve
as Chairman of the Board of Directors, effective immediately.
Dr. Ludlow said, "I look forward to serving once again as President and
CEO at Intellicheck Mobilisa, particularly at this critical time. The
Company has superior technology in the identity and wireless industries
and we plan to reemphasize innovation and new product development. Our
goals are to expand our product lines, partnerships and our customer
base. I am also extremely enthusiastic about the appointment to Chairman
of Admiral Malone, who has provided essential strategic guidance to the
Company as a member of the Board. He has a wealth of experience both in
the Navy and in the corporate world, growing a company that was
successfully acquired by Boeing (News - Alert)."
Dr. Ludlow has over 30 years' experience in software development for the
military and corporate sectors. While in the Air Force, Dr. Ludlow
served as a mathematician, a pilot, an intelligence officer at the
National Air Intelligence Center, Technical Director for Artificial
Intelligence at USAF Rome Laboratory, Assistant Professor of Computer
Science at the Naval Postgraduate School, and the Director of Technology
and Services for Radar Evaluation Squadron. In the corporate sector, Dr.
Ludlow served as the Director of C2 Modeling for SAIC (News - Alert), Chief Scientist
for the ORINCON Corporation and Chief Technology Officer for Ameranth
Wieless. He holds a Ph.D. in Artificial Intelligence from the
University of Edinburgh, Scotland and Post-Doctoral research in Computer
Science at the University of Cambridge, England.
Admiral Malone said, "With its robust product portfolio and the right
leadership, Intellicheck Mobilisa has the right ingredients for organic
growth. I am grateful to oversee this progress as Chairman, and I look
forward to working more closely with Nelson as he once again takes the
reins as President and CEO. I and the rest of the Board are confident
that with his leadership, the Company is on the right track for success
over the coming years."
Admiral Malone serves as a technical advisor and consultant to Pequot
Capital, a venture capital firm, and Environmental Tectonics Corporation
(OTCQB: ETCC), a high technology simulation and manufacturing company.
He also recently joined the board of directors at Environmental Tetonics
Corporation. He has conducted various due diligence projects in support
of Pequot investments/acquisitions and has developed a government
marketing strategy for ETC. Prior to joining Skarven Enterprises (now
Kestrel, a division of The Boeing Company) in 2004, Admiral Malone
served 34 years in the US Navy. As a Naval Aviator, he commanded a
Strike Fighter Squadron, a Navy replenishment ship, a nuclear powered
aircraft carrier (USS Enterprise) and an Aircraft Carrier Strike Group.
His final two assignments were in the leadership of Naval Aviation,
including two years as Commander, Naval Air Forces (CEO for Naval
Aviation). He is a 1970 graduate of the United States Naval Academy. His
graduate education includes the Navy Nuclear Propulsion Program, and
studies at the National Defense University, Harvard University, and The
George Washington University.
About Intellicheck Mobilisa
Intellicheck Mobilisa is a leading technology company that is engaged in
developing and marketing wireless technology and identity systems for
various applications, including mobile and handheld access control and
security systems for the government, military and commercial markets.
Products include the Fugitive Finder system, an advanced ID card access
control product currently protecting approximately 100 military and
federal locations; ID Check, a patented technology that instantly reads,
analyzes, and verifies encoded data in magnetic stripes and barcodes on
government-issued IDs from U.S. and Canadian jurisdictions, designed to
improve the Customer Experience for the financial, hospitality and
retail sectors; and Aegeus, a wireless security buoy system for the
government, military and oil industry. For more news and information on
Intellicheck Mobilisa, please visit www.icmobil.com.
Safe Harbor Statement
Certain statements in this press release constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, as amended. When used in this press release, words
such as "will," "believe," "expect," "anticipate," "encouraged," and
similar expressions, as they relate to the company or its management, as
well as assumptions made by and information currently available to the
company's management identify forward-looking statements. Actual results
may differ materially from the information presented here. Additional
information concerning forward-looking statements is contained under the
heading of risk factors listed from time to time in the company's
filings with the SEC (News - Alert). We do not assume any obligation to update the
forward-looking information.

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