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ICOP Digital, Inc. (NASDAQ: ICOP) announced today that the Company has entered into a Memorandum of Understanding (MOU) with Developed Dimension Information Technology (DDIT), ICOP’s partner in the Kingdom of Saudi Arabia, to establish a joint venture company with the goal of becoming the preeminent supplier of Homeland Security products and services to the flourishing security markets of the Middle East.

ICOP Digital, Inc. and Developed Dimension Information Technology (DDIT), the two parent companies, will establish a Saudi-based company that delivers world-class security products and services, with added emphasis on training and high-level local support.

David Owen, Chairman and CEO of ICOP, stated “Saudi Arabia’s fast-growing economy is creating opportunities for both exporters and investors, as it is one of the fastest growing economies in the world. Given the elevated priority that King Abdullah has placed on securing Saudi Arabia’s citizens, borders, and critical infrastructure, we believe this is a unique opportunity in history, in helping to meet the security needs of this important market.”

Read the full text of the article below.

ICOP and DDIT Sign MOU for Joint Venture in Saudi Arabia

LENEXA, KS–(Marketwire – 02/09/10) – ICOP Digital, Inc. (NASDAQ:ICOP – News), an industry-leading company engaged in advancing digital surveillance technology solutions, today announced that it has entered into a Memorandum of Understanding (MOU) with Developed Dimension Information Technology (DDIT), ICOP’s partner in the Kingdom of Saudi Arabia, to establish a joint venture company, to expand the delivery of Homeland Security solutions in Saudi Arabia and other Gulf Cooperation Council (GCC) countries in the Middle East.

President Obama and King Abdullah have placed a high priority on joint ventures between companies in the United States and companies in Saudi Arabia, for greater economic cooperation, transfer of technology, and training as well as the development of new and lasting business ties.

Under the terms of the joint venture, the two parent companies will establish a Saudi-based company that delivers world-class security products and services, with added emphasis on training and high-level local support. The joint venture’s objective is to be the preeminent supplier of Homeland Security products and services to the flourishing security markets of the Middle East.

DDIT is owned by Sheik Hamad Bin Mohammed Bin Saedan Group, a prominent business group in Saudi Arabia, who following eighty-five years in business, is one of the largest real estate and investment groups in Saudi Arabia, and their holdings extend to the UAE, Tunisia, Egypt, and Jordan.

Sheik Hesham Saedan, managing director of DDIT, stated, “In light of the growing priority for security solutions, ICOP and DDIT see the need for expanding our relationship to integrate additional security products and services, and to leverage the strong brand we have established with ICOP and other security products, in Saudi Arabia and the Region. Through the joint venture with ICOP, we gain an experienced and respected management team, in addition to an ambitious growth plan to become the market-leading security company in the Region.”

“Saudi Arabia’s fast-growing economy is creating opportunities for both exporters and investors, as it is one of the fastest growing economies in the world. Given the elevated priority that King Abdullah has placed on securing Saudi Arabia’s citizens, borders, and critical infrastructure, we believe this is a unique opportunity in history, in helping to meet the security needs of this important market,” stated David Owen, Chairman and CEO of ICOP. “Our relationship with DDIT over these past few years has been outstanding, and the growing security market of this Region gives us a sense of urgency to establish this joint venture.”

The transaction is subject to final documentation and regulatory approvals. Terms of the transaction, which is projected to close by the end of the last quarter of 2010, were not disclosed, pending finalization through the authorities in Saudi Arabia.

About ICOP Digital, Inc.
ICOP Digital, Inc. (NASDAQ:ICOP – News) is a leading provider of in-car video and mobile video solutions for Law Enforcement, Fire, EMS, Military, and Transportation markets, worldwide. ICOP solutions help the public and private sectors mitigate risks, reduce losses, and improve security through the live streaming, capture and secure management of high quality video and audio. www.ICOP.com

Forward-Looking Statements
This document contains forward-looking statements. You should not rely too heavily on forward-looking statements because they are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. The Company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. This, plus other uncertainties and factors described in our most-recent annual report and our most-recent prospectus filed with the Securities and Exchange Commission, could materially affect the Company and our operations. These documents are available electronically without charge at www.sec.gov.

Disclaimer

ICOP Digital, Inc. (NASDAQ:ICOP) announced today that the company has entered into definitive agreement with two institutional investors to raise gross proceeds of approximately $1.34 Million, before placement agent’s fees and other offering expenses, in a registered direct offering.

According to the terms of the agreement, ICOP will sell 3,500,000 shares of its common stock for $0.3833 per share. The Company will also issue Series 1 Warrants to purchase up to 3,500,000 shares of common stock in the aggregate for $0.42 per share, which will be exercisable for a period of 5 years beginning 6 months and 1 day after issuance; and Series 2 Warrants to purchase up to 1,232,580 shares of common stock in the aggregate for $0.3833 per share, which will be exercisable at any time on or after the date of issuance for a period of 90 business days. Each of the warrants also contains “full ratchet” anti-dilution protection.

The closing of the offering will occur on or before February 3, 2010, and Chardan Capital Markets, LLC acted as the sole placement agent for this transaction.

Read the full text of the article below.

ICOP Announces Registered Direct Offering of Common Stock and Warrants

LENEXA, KS–(Marketwire – 01/29/10) – ICOP Digital, Inc. (NASDAQ:ICOP – News), an industry-leading company engaged in advancing digital surveillance technology solutions, today announced that it has entered into a definitive agreement with two institutional investors to raise gross proceeds of approximately $1.34 Million, before placement agent’s fees and other offering expenses, in a registered direct offering.

Under the terms of the transaction, ICOP will sell 3,500,000 shares of its common stock for $0.3833 per share. The Company will also issue Series 1 Warrants to purchase up to 3,500,000 shares of common stock in the aggregate for $0.42 per share, which will be exercisable for a period of 5 years beginning 6 months and 1 day after issuance; and Series 2 Warrants to purchase up to 1,232,580 shares of common stock in the aggregate for $0.3833 per share, which will be exercisable at any time on or after the date of issuance for a period of 90 business days. Each of the warrants also contains “full ratchet” anti-dilution protection.

The closing of the offering will occur on or before February 3, 2010.

Chardan Capital Markets, LLC acted as the sole placement agent for this transaction.

The securities described above are being offered by ICOP pursuant to a registration statement on Form S-3 previously filed and declared effective by the Securities and Exchange Commission.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About ICOP Digital, Inc.
ICOP Digital, Inc. (NASDAQ:ICOP – News) is a leading provider of in-car video and mobile video solutions for Law Enforcement, Fire, EMS, Military, and Transportation markets, worldwide. ICOP solutions help the public and private sectors mitigate risks, reduce losses, and improve security through the live streaming, capture and secure management of high quality video and audio. www.ICOP.com

Forward-Looking Statements
This document contains forward-looking statements. You should not rely too heavily on forward-looking statements because they are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. The Company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. This, plus other uncertainties and factors described in our most-recent annual report and our most-recent prospectus filed with the Securities and Exchange Commission, could materially affect the Company and our operations. These documents are available electronically without charge at www.sec.gov.

Disclaimer

ICOP Digital, Inc. today announced that Laura Owen, President and COO of ICOP, has been selected to serve on the Joint U.S.-Saudi Business Dialogue Council, which will meet quarterly in 2010, with the inaugural meeting scheduled to take place on January 24.

The council, which is comprised of U.S. and Saudi business executives, was created to develop a “think-tank” that will provide intellectual input into trade policy decisions, improved access to decision-makers through informal initiatives, and insightful commentary on policy proposals that are likely to affect industry and corporate performance. Furthermore, the council will examine opportunities for joint collaboration, as well as debate areas of concern for both sides, and develop mechanisms to effectively address these concerns.

Commenting on her recent appointment, Ms. Owen stated, “It is a tremendous honor to have been selected to serve as a part of the Joint U.S.-Saudi Business Council. It is important that we build strong relationships with the Kingdom of Saudi Arabia in support of our commercial interests for our long-term success in this important market.”

The full text of the article can be found here.

ICOP Executive Appointed to US Saudi Business Council
Inaugural Meeting Scheduled for Jan 24 in Saudi Arabia

LENEXA, KS–(Marketwire – 01/19/10) – ICOP Digital, Inc. (NASDAQ: ICOP), an industry-leading company engaged in advancing digital surveillance technology solutions, today announced that Laura Owen, President and COO of ICOP, has been selected to serve on the Joint U.S.-Saudi Business Dialogue Council, which will meet quarterly in 2010.

The inaugural meeting is scheduled for January 24, and will take place at the Council of Saudi Chambers of Commerce, in Riyadh, Saudi Arabia. The main objective of the Council is to create a “think-tank” of American and Saudi business executives that will provide intellectual input into trade policy decisions, improving access to decision-makers through informal initiatives, and speaking out for or against policy proposals that are likely to affect industry and corporate performance. The Council will discuss opportunities for joint collaboration, exchange views on areas of concern to both sides, and come up with a mechanism to develop recommendations to effectively address these concerns.

The program will be opened by leadership from Saudi Arabia, and the Honorable Jim Smith, U.S. Ambassador to Saudi Arabia. Ms. Holly Vineyard, Deputy Assistant Secretary for Market Access & Compliance, U.S. Department of Commerce, will also participate in the event.

Ms. Owen stated, “It is a tremendous honor to have been selected to serve as a part of the Joint U.S.-Saudi Business Council. It is important that we build strong relationships with the Kingdom of Saudi Arabia in support of our commercial interests for our long-term success in this important market.”

Company executives are returning to Saudi Arabia this month to meet with Ministry of the Interior officials regarding the current installation of ICOP units across the country, in addition to discussions for expansion of the project. The ICOP Model 20/20�-W digital in-car video system serves as the core of the solution of the Saudi installation, and is integrated with additional technologies, including license plate recognition (LPR). When the EyeNet LPR has a “hit,” it triggers the ICOP Model 20/20-W to begin recording audio and video. In addition to the existing in-car video solutions installed, Saudi security forces have also installed and been trained on the ICOP iVAULT MMS(TM) (Media Management System) server solution throughout the country.

About ICOP Digital, Inc.
ICOP Digital, Inc. (NASDAQ:ICOP – News) is a leading provider of in-car video and mobile video solutions for Law Enforcement, Fire, EMS, Military, and Transportation markets, worldwide. ICOP solutions help the public and private sectors mitigate risks, reduce losses, and improve security through the live streaming, capture and secure management of high quality video and audio. www.ICOP.com

Forward-Looking Statements
This document contains forward-looking statements. You should not rely too heavily on forward-looking statements because they are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. The Company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. This, plus other uncertainties and factors described in our most-recent annual report and our most-recent prospectus filed with the Securities and Exchange Commission, could materially affect the Company and our operations. These documents are available electronically without charge at www.sec.gov.

Disclaimer

The following video introduces the ICOP Model 20/20®-W is the leading digital in-car video recorder system for law enforcement, recording high quality video in the vehicle, capable of live streaming video to other first responder vehicles and headquarters. The ICOP Model 20/20-W is loaded with features that can be found in no other in-car video system.

Commenting on the popularity of the ICOP Model 20/20®-W, Dave Owen, Chairman and CEO of ICOP Digital, stated “We are particularly proud that ICOP has won these coveted metro agencies as new customers following what was their in-depth assessment of the ICOP Model 20/20-W in head-to-head field tests with other leading competitive offerings; it is this type of welcomed scrutiny that helps to validate the fact that the superior performance, functionality and user benefits of the ICOP Model 20/20-W simply cannot be matched.

Owen continued, “Moreover, with the emergence of ICOP LIVE™ as an enabling technology of choice for empowering law enforcement with real time situational awareness through live streaming of audio and video to and from patrol cars, the competitive differentiation and enhanced value proposition of the ICOP Model 20/20-W became even more pronounced when comparing ICOP’s solution to other competitive alternatives.”

Watch more ICOP Digital in-car videos, on YouTube, Daily Motion, and Vimeo.

Disclaimer

ICOP Digital, Inc, a worldwide leader in providing mobile solutions and in-car surveillance equipment for Law Enforcement, Fire, EMS, Military, and Transportation announced today promising fourth quarter results and increasing sales for the third consecutive quarter. The company credits strong customer loyalty with an average 81% re-order rate from existing customers engaged in fleet deployments of the ICOP Model 20/20�-W and the ICOP 20/20 VISION.

Dave Owen, Chief Executive Officer at ICOP stated “The list of accomplishments for 2009, and our upward trend in sales, are very encouraging, especially in this challenged economy,” Owen continued, “we have seen many successes in 2009 in what has been one of the toughest economic environments many of us have ever seen. We are very optimistic about the new year and our opportunities for continued growth and success in 2010.”

Below are some of the highlights from the corporate update, following preliminary review of its 2009 yearend financial and operational results, the full text of the article can be found here.

ICOP Fourth Quarter Sales up for Third Consecutive Quarter
2010 Looking Strong

LENEXA, KS–(Marketwire – 01/07/10) – ICOP Digital, Inc. (NASDAQ:ICOP – News), an industry-leading company engaged in advancing digital surveillance technology solutions, today issued a corporate update, following preliminary review of its 2009 yearend financial and operational results, and commented on its outlook for the current year.

During the last 12 months, the Company reported several significant developments:

Key Operational Highlights

�
– Sales for Q4 2009 are expected to exceed Q4 sales for 2008.
– The percentage of purchase orders received from existing customers
engaged in fleet deployments of the ICOP Model 20/20�-W was approximately
81%. Based on the estimated number of current customer patrol cars yet to
be equipped with ICOP’s digital surveillance solution, potential future
sales to the Company’s existing customer base is an estimated $100 million.
– ICOP’s international sales in 2009 to Saudi Arabia and Mexico
continued to expand with additional orders expected in 2010, including the
opening of new markets abroad.
– The Company learned in the fourth quarter that its patent application
for video streaming was allowed by the United States Patent and Trademark
Office.
– On July 15, 2009, the Company entered into an agreement with JPS
Communications Inc., a wholly owned subsidiary of Raytheon Company, and
announced Raytheon’s first sale to the 88th MP Detachment in Camp Zama,
Japan on October 1, 2009.

QUARTER OVER QUARTER INCREASE IN SALES FOR 2009

The Company expects to report quarter over quarter gains in sales for the fourth quarter, for the third consecutive quarter. ICOP continues to enjoy strong customer loyalty with an average 81% re-order rate from existing customers engaged in fleet deployments of the ICOP Model 20/20�-W and the ICOP 20/20 VISION(TM). Stimulus funds are beginning to flow to agencies, as demonstrated by some of the announced sales in 2009, including Billings, Montana, among others. Stimulus funds are expected to continue into 2010. ICOP also realized significant rewards as a result of some of its state contracts in 2009, including nearly $429,290 from its state contract in Utah, with five of those sales closing in the fourth quarter.

PENETRATING INTERNATIONAL MARKETS

In March of 2009, the Company announced a contract with the Ministry of the Interior in Saudi Arabia, and shipped the first order for 100 units through its Middle East partner, DDIT. ICOP returned to the region in August of 2009 to integrate servers into five Ministry of Interior Headquarters Offices and 15 Precincts across Riyadh, establishing the platform to support the installation of additional ICOP units.

STRATEGIC PARTNERSHIP DEVELOPMENT

On July 15, 2009, the Company entered into an agreement with JPS Communications Inc., a wholly owned subsidiary of Raytheon Company. This five year agreement enables Raytheon to co-brand and market ICOP mobile video solutions to all of their existing markets, including; public safety, fire/EMS, transportation and military customers worldwide. The agreement grants Raytheon the right to resell ICOP products, including but not limited to, the ICOP Model 20/20�-W, ICOP 20/20 VISION(TM), ICOP LIVE(TM), ICOP iVAULT(TM), and ICOP DVMS(TM).

Disclaimer

Updated January 5, 2010

SecurityStockWatch.com: Now that 2009 has come to a close, how are things looking for ICOP; did the Company meet expected goals for the fourth quarter? How is 2010 shaping up so far?

Laura Owen: Yes, Q4 gave us a strong close to 2009, and our sales pipeline for 2010 is exciting. As we look back over the year, it really is amazing what we were able to accomplish, given the tough economic environment we’re in. Looking abroad, we established ICOP as the exclusive provider of in-car video to the Ministry of Interior in Saudi Arabia in 2009, and we expanded our presence in the Mexico market. We announced a worldwide strategic partnership with Raytheon Company, a Fortune 110 company; launched our laptop integrated product, the ICOP 20/20 VISION™; and completed a capital raise of over $3 million. We believe things are lining up very well to have a positive outlook for 2010!

ICOP has just learned that the US Patent and Trademark Office allowed us a new patent. The patent is entitled “SYSTEM AND METHOD FOR COLLABORATING EMERGENCY RESPONSE EFFORTS THROUGH MULTIMEDIA DATA DISSEMINATION”. Specifically, the patent is directed to an apparatus for sharing and communication of video and other surveillance related multimedia data, by live streaming of video and other data from an emergency response unit to a variety of devices and other emergency response units. Multimedia data is wirelessly disseminated from a first response unit, to any number of playback devices on a network. ICOP LIVE™, developed by ICOP Digital, Inc., has implemented this system and method.

The ICOP LIVE functionality is an indispensable tool for agencies to use for situational awareness, tactical oversight, and interagency interoperability. Agencies can more effectively assess a situation remotely, and take appropriate action, including deploying proper resources for an incident. Senior command is able to provide tactical oversight of events sooner, both remotely and while en route, with the addition of ICOP LIVE on scene video and audio. When a major event occurs, such as a traffic accident involving a chemical spill, the police agency can provide the ICOP LIVE video stream to all other agencies involved, enabling a faster and safer resolution to the crisis.

Also, ICOP LIVE helps enforce one of ICOP’s core foundations of improving officer safety. When video is streamed back to headquarters with ICOP LIVE, the officers involved in the event are safer because they do not have the distraction of providing detailed audio narratives back to headquarters, and can concentrate all of their efforts in accomplishing their mission at hand.

Given the importance of this technology and its potential impact on surveillance and public safety in general, we are very pleased to have many trial installations already in progress, across the United States and abroad.

Many other upgrades to our core product and backend software have been made as well. In 2009, ICOP released an “802.11n” wireless upload solution, which provides upload speeds up to four times faster, versus the older industry-standard “802.11g” technology. In addition, we now support solid-state media for our products, giving the customer more options and flexibility when designing a solution. Included in the Saudi deployment was integration between the ICOP Model 20/20®-W and EyeNet, a provider of License Plate Recognition (LPR) technology. EyeNet is the only provider of LPR technology that operates in Arabic. The Company also successfully launched the ICOP 20/20 VISION™, its new laptop-based solution. It has been very well received by the law enforcement community, and has already resulted in several significant sales orders. ICOP delivered several important upgrades to the backend software, even supporting Windows 7, the day it was released by Microsoft.

We had a strong finish to the fourth quarter with our total revenue again trending up, quarter over quarter, for the third consecutive quarter. The average size of each order is trending up, as well. ICOP has always enjoyed a loyal customer base and we have seen that loyalty continue to grow as more agencies return to ICOP for follow-on orders to equip their fleets.

Many companies have struggled to stay afloat during these tough times, and some of our direct competitors have not survived. We know we are very fortunate to have weathered the storm and finished the year in an uptick. Looking to 2010, we are expecting this growth to continue, as our domestic and international sales pipeline continues to expand.

Read the rest of the interview here. http://securitystockwatch.com/Interviews/in_Boardroom_ICOP.html