14 unchanged sentences
Our software solutions can be used through a mobile device, a browser, or a retail point-of-sale scanner.
−Removed: We plan to expand our business in the near term by pursuing a strategy designed to increase market share in our existing markets and expand into new product markets that are expected to benefit from fraud prevention and identity validation.
+Added: We plan to expand our business in the near term by continuing to pursue a strategy designed to increase market share in our existing markets and expand into new product markets that are expected to benefit from fraud prevention and identity validation.
For example, we have extended our technologies into online applications to provide identity validation and fraud prevention for the billions of transactions that occur online each day.
3 unchanged sentences
Our technologies address problems such as:
−Removed: ■ Commercial Fraud and Risk Management – which may lead to economic losses to financial institutions and merchants from check cashing, debit and credit card transactions, account take overs, e-commerce as well as other types of fraud such as identity theft that principally use fraudulent identification documents as proof of identity;
+Added: ■ Commercial Fraud – financial institutions and merchants use our technology to prevent economic losses from check cashing, debit and credit card transactions, account take overs, e-commerce as well as other types of fraud such as identity theft that principally use fraudulent identification documents as proof of identity;
■ Instant Credit Card Approval – retail stores and financial institutions use our technology to scan a driver license at a kiosk or at the Point of Sale (POS) to confirm that an applicant is who they claim to be with additional certainty.
57 unchanged sentences
• the document has expired;
−Removed: • the encoded data contains a date of birth equal to or greater than the legal age to purchase age restricted products, such as alcohol, vaping, cannabis and tobacco.
+Added: • the encoded data contains a date of birth equal to or greater than the legal age to purchase age restricted products, such as alcohol, vaping products, cannabis and tobacco.
Matching the person to the ID
12 unchanged sentences
• IDN-Portal+
−Removed: • IDN-Portal+ starts with all the features of IDN-Portal in addition to the ability to perform a facial biometrics test to match the picture on the ID to a selfie of the user presenting the ID.
−Removed: Additionally, Portal+ offers global document validation, retail POS integration, additional data for analytics and analysis and online validation among other features.
−Removed: • IDN-Direct provides the capabilities of the Intellicheck platform within the users own apps and integrated with their systems.
+Added: • IDN-Portal+ has all the features of IDN-Portal and additionally includes the ability to perform a facial biometrics test to match the picture on the ID to a selfie of the user presenting the ID.
+Added: Additionally, Portal+ also adds global document validation, retail POS integration, additional data for analytics and analysis and online validation among other features.
+Added: • IDN-Direct provides the capabilities of the Intellicheck platform within user's own apps and integrated with their systems.
IDN-Direct is accessible through the Intellicheck API to aid integration into customer applications and systems.
33 unchanged sentences
Upgrade Capability
−Removed: Our Intellicheck Platform products and related databases are constantly updated to stay current with identification formats and new forms of ID.
+Added: Our Intellicheck Platform products and related databases are constantly updated to stay current with identification formats, new forms of ID and government regulations guiding use of digital information.
Our objective is to be a leading identity verification company providing world class solutions in the identity sector.
5 unchanged sentences
Our proprietary Intellicheck Platform software can add functionality to virtually any given software application to automatically populate fields within a given form, when a government-issued photo ID is presented.
−Removed: Our ability to correctly read and authenticate all U.S.
+Added: Our ability to correctly read and authenticate in all U.S.
jurisdictions, coupled with our proprietary technology, is a key differentiator from our competitors.
1 unchanged sentence
Develop Additional Strategic Alliances with Providers of Security Solutions .
−Removed: We have entered strategic alliances to utilize our systems and software as the proposed or potential enrollment application for their technologies and to jointly
−Removed: market these security applications with multiple biometric companies.
−Removed: Some of these companies have included Lenel, AMAG Technology, Inc., in the defense industry;
−Removed: Zebra Technologies hardware manufacturers;
−Removed: and Idemia Identity & Security USA, facial biometrics companies Ipsidy and Applied Recognition.
+Added: We have entered strategic alliances to utilize our systems and software as the proposed or potential enrollment application for their technologies and to jointly market these security applications with multiple biometric companies.
+Added: Some of these companies have included Lenel,
+Added: AMAG Technology, Inc., in the defense industry;
+Added: hardware manufacturers Zebra Technologies;
+Added: Idemia Identity & Security USA;
+Added: and facial biometrics companies Ipsidy and Applied Recognition.
We are an associate member of AAMVA and a member of AAMVA’s Industry Advisory Board.
23 unchanged sentences
We target the industry sectors that we believe would benefit most from our systems and software.
−Removed: We also market our products to opportunities where our Intellicheck Platform technology can be used to enhance productivity.
+Added: We also market our products to businesses where there are opportunities for our Intellicheck Platform technology to enhance productivity.
We have made significant progress in the sectors for the retail issuance of instant credit.
−Removed: We believe there are financial benefits and compelling business models for customers in this sector to utilize our technology.
+Added: We believe there are financial benefits and compelling business models for customers in the below sectors to utilize our technology.
Productivity Enhancement
52 unchanged sentences
Our objective is to become a leading developer and distributor of document and age verification software.
−Removed: To date, our marketing efforts have been through direct sales by our sales and marketing personnel, through resellers and license agreements.
+Added: To date, our marketing efforts have been through direct sales by our sales and marketing personnel, through resellers through license agreements.
W e are marketing our products through direct marketing approaches such as web marketing, a small number of select trade shows and well-known public interest and trade associations.
We generate revenues from the licensing of our software and to a much lesser extent the selling of bundled solutions that contain hardware and software.
−Removed: Depending on the specific needs of our clients, we tailor the right solution for them.
+Added: Depending on the specific needs of our clients, we tailor the appropriate solution for them.
Our Intellicheck Platform software is available to customers via the cloud (SaaS) and is available for Microsoft Windows, Android and iOS platforms in addition to devices such as credit card terminals and other operating systems such as Linux.
37 unchanged sentences
INTELLECTUAL PROPERTY
−Removed: We currently hold eighteen (18) U.S.
+Added: We currently hold ten (10) U.S.
patents and one (1) Canadian patent.
−Removed: At present, we have three patent applications pending in the U.S.
−Removed: Patent and Trademark Office.
These patents cover commercially important aspects of our capabilities relating to the authentication and verification of identification documents.
18 unchanged sentences
As an example, a passport is compared to a boarding pass to determine if “like information” matches, for instance name and birthdate.
−Removed: In 2014, we were granted one patent that was also a continuation of an earlier-filed application.
−Removed: The patent is related to a document comparison system that compares information contained in two documents to determine whether certain information is substantially identical on each document.
−Removed: The system provides a positive or negative indication as to whether portions of the two documents are substantially identical.
−Removed: In 2015, we acquired an intellectual property portfolio that includes four patents involving technologies for checking the validity of identification documents using a remote database.
−Removed: Certain patents in this portfolio address the use of biometric information and identification credentials as part of the process to control access to a secured area.
In 2016 we were granted one patent in Canada that was a continuation of an earlier filed application and is related to identity matching in response to threat levels.
−Removed: In 2018, we were granted one patent that was also a continuation of an earlier filed application to a document comparison that compares information contained in multiple documents.
We were granted two patents in 2019 that were a continuation of earlier filed applications.
2 unchanged sentences
In 2022, we were granted two patents that were a continuation of earlier filed applications.
−Removed: The first patent is related to checking the validity of identification documents using a remote database.
−Removed: The second patent is related to document comparison that compares information contained in multiple documents.
−Removed: In 2022, we were granted two patents that were a continuation of earlier filed applications.
The first patent is related to using a mobile device to perform verification of a selfie to a photo on an identification document.
4 unchanged sentences
EMPLOYEES AND HUMAN CAPITAL RESOURCES
−Removed: As of March 28, 2023, we had 53 full-time employees.
−Removed: Four are engaged in executive management such as our Chief Executive Officer, Chief Financial Officer and Chief Technology Officer, twenty-five in information technology including those participating in our research and development efforts, fourteen in sales and marketing, four in customer and support integration, and six in administration.
+Added: As of April 1, 2024, we had 51 full-time employees.
+Added: Three are engaged in executive management — our Chief Executive Officer, Chief Financial Officer and Chief Technology Officer.
+Added: We have twenty-five employees in information technology including those participating in our research and development efforts, eleven employees in sales and marketing, five employees in customer and support integration, and seven employees in administration.
All employees are employed “at will.” We believe our relations with our employees are generally positive and we have no collective bargaining agreements with any labor unions.
6 unchanged sentences
In response to the COVID-19 pandemic, we implemented and have continued significant changes that we determined were in the best interest of our employees, as well as the community in which we operate, and which comply with government regulations, including working in a remote environment where appropriate or required.
+Added: Forward Looking Statements
+Added: This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, particularly statements anticipating future growth in revenues, loss from operations and cash flow.
+Added: Words such as “anticipates,” “estimates,” “expects,” “projects,” “intends,” “plans,” “believes” and words and terms of similar substance used in connection with any discussion of future operating or financial performance identify forward-looking statements.
+Added: These forward-looking statements are based on management’s current expectations and beliefs about future events.
+Added: As with any projection or forecast, they are inherently susceptible to uncertainty and changes in circumstances, and the Company is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of such changes, new information, subsequent events or otherwise.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.