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Law Enforcement/Security Industry

Updated: July 8th, 2008 05:26 PM CDT

Intelligent Security Networks, Inc. to Acquire Clarity Visual Intelligence

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via PRNewswire

DOYLESTOWN, Pa., Oct. 26 /PRNewswire-FirstCall/ -- Intelligent Security Networks, Inc. (ISNT) announced that it has executed a Memorandum of Understanding with Safehouse International, Inc., whereby ISNT will acquire 100% of the stock of Safehouse for $1,500,000 in cash, a $1,500,000 note, 20,000,000 shares of its Series CConvertible Preferred Stock convertible into 20,000,000 shares of ISNT common stock, and an agreement to provide working capital for future research and product development. The parties intend to negotiate the definitive documentation and complete the transaction that is subject to certain conditions, on or before December 31, 2005.

Safehouse has 12 patents pending in the fields of video data image interpretation and storage and is a developer of complex algorithms to analyze video data streams for potential threats. These algorithms can detect: changes in the fixed environment, such as unattended baggage; high-speed targets, such as persons running from an incident; intrusion into secure areas; and facial recognition. In addition, the system "learns" to detect objects in a constantly changing complex environment, such as objects moving in a choppy sea. The data storage and visualization technology permits fully scalable and pro-active surveillance operations whichwere previously difficult to accomplish or cost prohibitive.

Safehouse products are marketed under the name Clarity Visual Surveillance Systems. The system is a robust, feature-rich massively scalable video surveillance system that acquires both analog and IP video, analyses the video in real-time for "interesting events" and prioritizes the events for security monitoring. The video, other real-time sensory inputs, and the analytical metrics are stored in databases that can provide instant access to multiple years of data for thousands of cameras. The delivery of live and historical video and related data across local and wide-area networks or the Internet has been engineered to be both efficient and accurate, according to the company.

The Clarity system has been under development for five years in Australia and Canada in a multi-million-dollar R&D program sponsored in part by SAINS, a major IT services firm owned by the Sarawak Government in East Malaysia. The underlying technology has been deployed at facilities in Australia for more than 12 months. The Visual Surveillance System has recently been demonstrated to U.S. government and industry officials, including the Department of Homeland Security, the Transportation Security Agency, security managers ofmajor airports, and operators of conventional and nuclear power facilities.


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