NEW YORK, Sept. 3, 2003 (PRIMEZONE) -- (Investrend Research Syndicate) Invisa, Inc. (OTCBB:INSA) technology was recently selected by the U.S. Department of Defense as "potentially important homeland defense products," notes Investrend Research analyst J. Damien Kolb in his initial Benchmark coverage of the company.
Kolb points out that "the company's safety products are currently used around the world by customers like the Pentagon, the State Department, General Motors (NYSE:GM), Home Depot (NYSE:HD), DaimlerChrysler (NYSE:DCX), Dupont and many cities, states, airports, and hospitals.
"Invisa, which has applied for a listing on the American Stock Exchange, is an emerging development-stage company that markets presence-sensing technology for safety and security applications. The patented technology, known as InvisaShield, projects and monitors an invisible field around a given object. This "invisible shield" moves with and precedes dangerous powered closure devices, surrounds and secures valuable objects and performs switching, safety, security or other pre-programmed functions, says Kolb.
"The Company originally supplied its technology to the life safety markets such as that for powered closure devices, and is in the process of implementing additional applications within the commercial, governmental, household and industrial security markets," he concludes in his report.
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Damien Kolb is a member of AIMR and the Boston Security Analysts Society. Kolb held Associate positions at Lehman Brothers and Morgan Stanley and worked as an Analyst at a boutique investment-banking firm. Kolb earned an MBA in Finance from the Weatherhead School of Management at Case Western Reserve University and a Master of International Management degree in Global Finance from Thunderbird, The American Graduate School of International Management. He is president and founder of the Commonwealth Holding Company, Inc.
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