Intellicheck Signs Partnership Agreement with 5K Technical Services to Expand Retail ID Product Adoption in Key Market

Jan 25, 2018 08:13 am
JERICHO, N.Y. -- 

Intellicheck (NYSE AMERICAN: IDN), a trusted industry leader in real time identification authentication and threat identification technology solutions, today announced the signing of a partnership agreement with 5K Technical Services, a leading full-service IT company in North Texas with a growing client base of online and brick and mortar vaping businesses.

"We are pleased to partner with 5K Technical Services and take another step forward in advancing our plans for growth in a strong segment of the retail market. Vaping businesses are growing at a rapid pace across the country as electronic cigarettes and other vaping products are experiencing continued growth in popularity. Vaping businesses, like other businesses that sell age-restricted products, are committed to meeting their social and regulatory responsibilities and face the same challenges other retailers grapple with in keeping those products out of the hands of minors,” said Intellicheck Interim CEO Bill White.

“Our Retail ID products provide these businesses with a solution to these challenges through real-time identification authentication that have demonstrated their effectiveness in preventing the sale of age-restricted products to minors, while also helping to deter fraudulent sales,” White concluded.

5K Technical Services President and CEO Corey Kirkendoll is confident Intellicheck’s state-of-the-art product solutions will make an important difference for vaping businesses. “I am always focused on providing my customers with market-leading capabilities. Our partnership has already successfully met the needs of an online vaping business and I am looking forward to working together on other opportunities. It is clear to me that Intellicheck‘s industry-leading identification authentication technology solutions will make a crucial difference in keeping minors from accessing these products, while also preventing revenue losses from fraud.”

Retail ID and Retail ID Online are powerful fraud fighting solutions with state-of-the-art features that reflect extensive input from Intellicheck’s retail clients who include some of the nation’s most successful, highly recognized brands. Retail ID integrates at the point of sale, while Retail ID Online integrates with the retailer’s online purchasing website. These affordable, technology solutions seamlessly check purchasers’ driver licenses for authenticity. Retail ID Online engages customers with simple, fast and easy-to-use prompts that guide a customer to capture images of the front and back of a driver license, using a smartphone or other mobile device to match the image against authentic driver license formats. Retail ID Online delivers real-time authentication, so the purchase can proceed with confidence by the retailer or, if the driver license is flagged as counterfeit, the purchase process is terminated.

About Intellicheck NYSE American: IDN Intellicheck is a trusted industry leader in technology solutions that provide real-time identification authentication and threat identification. Intellicheck’s Retail ID, Retail ID Mobile and Retail ID Online curtail fraudulent transactions including fraudulent new account opening, account take over and card not present fraud with an uncompromising customer experience. The technology solutions read, analyze and process the encoded information on driver licenses and other government issued IDs. The state-of-the-art products achieve a critical balance of efficacy and ease of adoption and use with real-time response and a 99.9% accuracy rate. Our affordable technology solutions make it possible for our clients to increase revenues, enhance the safety and awareness of their facilities and people, improve customer service, and increase operational efficiencies. Founded in 1994, Intellicheck has grown to serve dozens of Fortune 500 companies including financial industry and business clients, police departments, national defense clients at agencies, major seaports, and military bases, and diverse state and federal government agencies. The Company holds 25 patents including many patents pertaining to identification technology. For more information on Intellicheck, visit http://www.intellicheck.com/ and follow Intellicheck on Twitter @IntellicheckIDN, on Instagram @IntellicheckIDN, on LinkedIn https://www.linkedin.com/company/intellicheck-inc-,on Facebook https://www.facebook.com/intellicheckidn/, on YouTube https://www.youtube.com/user/ICMOBIL, and read Intellicheck’s latest blog post at http://intellicheckidn.com/.

About 5K Technical Services

5K Technical Services is a leading IT company in North Texas focused on providing businesses of all sizes with customized solutions for Technical Services. With detailed analysis to determine the most effective solutions to enable businesses to be more productive, cut costs and reduce risk, 5K Tech has earned a reputation as a preferred IT partner, allowing businesses to focus on growing business as 5K handles all technology services, delivering enterprise level consulting without enterprise level costs. Comprehensive, full service technical offerings include 24/7 Tech Support, Network Management/Maintenance, Disaster Recovery, Data Backup and Project Management. For more information please call 469-656-3159 or email [email protected].

Safe Harbor Statement

Statements in this news release about Intellicheck’s future expectations, including: the advantages of our products, future demand for Intellicheck’s existing and future products, whether revenue and other financial metrics will improve in future periods, whether Intellicheck will be able to execute its turn-around plan or whether successful execution of the plan will result in increased revenues, whether sales of our products will continue at historic levels or increase, whether brand value and market awareness will grow, whether the Company can leverage existing partnerships or enter into new ones, and all other statements in this release, other than historical facts, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (PSLRA). These statements, which express management’s current views concerning future events, trends, contingencies or results, appear at various places in this website and use words like “anticipate,” “assume,” “believe,” “continue,” “estimate,” “expect,” “forecast,” “future,” “intend,” “plan,” “potential,” “predict,” “project,” “strategy,” “target” and similar terms, and future or conditional tense verbs like “could,” “may,” “might,” “should,” “will” and “would” are forward-looking statements within the meaning of the PSLRA. This statement is included for the express purpose of availing Intellicheck, Inc. of the protections of the safe harbor provisions of the PSLRA. It is important to note that actual results and ultimate corporate actions could differ materially from those in such forward-looking statements based on such factors as market acceptance of Intellicheck’s products and the presently anticipated growth in the commercial adoption of the Company’s products and services, changing levels of demand for Intellicheck’s current and future products, Intellicheck’s ability to reduce or maintain expenses while increasing sales, customer results achieved using our products in both the short and long term, success of future research and development activities, Intellicheck’s ability to successfully manufacture, market and sell its products, Intellicheck’s ability to manufacture its products in sufficient quantities to meet demand within required delivery time periods while meeting its quality control standards, any delays or difficulties in the Company’s supply chain, the success of the Company’s sales and marketing efforts coupled with the typically long sales and implementation cycle for its products, Intellicheck’s ability to enforce its intellectual property rights, changes in laws and regulations applicable to the Company’s products, the Company’s continued ability to access government-provided data, the risks inherent in doing business with the government including audits and contract cancellations, liability resulting from any security breaches or product failure, and other risks detailed from time to time in Intellicheck’s reports filed with the SEC. We do not assume any obligation to update the forward-looking information.

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