Intellicheck Mobilisa, Inc. (NYSE MKT:IDN) Q2 2020 Earnings Conference Call - Final Transcript

Aug 11, 2020 • 04:30 pm ET


Intellicheck Mobilisa, Inc. (NYSE MKT:IDN) Q2 2020 Earnings Conference Call - Final Transcript


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Bryan Lewis

Given how much of the country was shut down and for how long, I am pleased with what we accomplished.

An interesting development of note is that the shutdown of physical locations made our customers realize how exposed they were to fraud in the digital channels. This move to digital has sped up the adoption of our person not present authentication tools, which I will speak about shortly. First, let's look at wins and implementations during the quarter.

Historically, I've reviewed each of our top clients on these calls. Because of the increasing number of clients, we are currently reviewing each one has become unwieldy, so going forward I will speak to some of the highlights for the quarter. Financial services company number two brought -- or is about to bring life four new retailers. In July we brought live a 1,400 locations community retailer selling everything from furniture to food.

Turning to the pipeline, final testing and pilot stories is underway for one of the leading suppliers of beauty products with over 3,700 locations. Deployment is expected to begin this month with full rollout by the end of September. Next is a women's clothing and intimate apparel company that they supplied branded credit cards too that expect to roll out to the remaining 350 stores mid-month.

Finally in over 800 location company with three divisions selling kitchen equipment and furniture is also testing in pilot stores and we expect deployment to begin by the end of Q3. Financial services company number three is still on track to roll out authentication to their 2,000 plus location home improvement retailer in September.

We respond to our clients requests for more biometrics and have started to be more with facial recognition technology. Financial services company number six has decided to fully authenticate people in a person not present situation by making sure that not only is the government identification document authentic, but that the owner is still in control of it by supplementing the authentication process by adding facial recognition.

Now, when an applicant gets a text from Intellicheck, it will walk them through three steps. First is to scan the barcode of the license for authentication. Second, is to take a photo of the front end license. And the third is to take a selfie than can check for liveliness and deep faces. We notify the client whether the license is authentic, fake or expired. We also deliver a score and a facial match to the picture on the license coupled with the liveliness score. So, they know that the selfie was real. The contract was signed in June and development is underway with its intended target to begin rollout.

This is the best-in-breed technology in the digital fraud prevention world and reflects how we as a company are rapidly evolving and underscoring our position as an industry leading technology solutions company by offering facial recognition.

Financial services company number seven due to delays with the Canadian telecom approval will now