Shares of ICOP Digital (ICOP), which makes surveillance videos and related gadgets, were up 176% to $3.00 in midday trading Wednesday, ahead of the company’s scheduled 2Q earnings release and after it announced it won an order from the U.S. government.
Earlier Wednesday, ICOP announced that it had received an initial order video systems from the U.S. Department of Homeland Security to outfit over 100 vehicles. The Lenexa, Kan.-based co. did not provide any details of the contract, which it said was for security purposes.
“Ease of use and the quality of the recorded video were the deciding factors in the selection of ICOP”, said in a statement Dave Owen, Chief Executive Officer at ICOP….This project is a significant advance for [our company]. ICOP is proud that our equipment will play a major role in helping to secure our nation.”
On Tuesday, ICOP had announced winning a separate contract from the State of Montana to set up in-car video systems.
Shares of ICOP are up on the session by $1.84, or 161.95%, currently trading at $2.97. The stock hit a high of $3.34 earlier in the day.