Friday, November 1, 2013

Intellicheck Mobilisa Renews Credit Line With SVB

Port Townsend, Washington-based Intellicheck Mobilisa, which provides wireless technology and identification systems, said today that it has renewed a one year, revolving credit facility worth $2M with Silicon Valley Bank. Terms of the new credit line were not announced. The company said the new line replaces an existing credit facility it had with SVB. Intellicheck Mobilisa has mostly provided its systems to the government, military, and commercial markets, but also recently launched an app which leverages its ID checking technology to flag fake identification at restaurants and bars.