Icts International N V (OTC: ICTSF)

ICTS provides aviation security, other aviation related services, and authentication technology solutions through its subsidiaries. The company operates airport security services in Europe and the Far East via ISEC, offers non security aviation services in the United States through Huntleigh, and delivers identity verification and fraud prevention technology worldwide via AU10TIX. ISEC’s management is recognized for developing pioneering screening methods and technologies, while AU10TIX holds a 66.30 percent stake in its identity verification business.

ICTS generates revenue primarily through contracts for airport security screening, airline and cargo security services, ground handling and janitorial services, and subscription based identity verification platforms. In 2025, revenue from Germany accounted for 30 percent of total revenue, Spain for 24 percent, the Netherlands for 21 percent, the United States for 17 percent, and other locations for 8 percent. The three largest customers together represented approximately 50 percent of total revenue in 2025.

The company operates through the following segments: ISEC, Huntleigh, and AU10TIX. ISEC focuses on aviation security and critical infrastructure services, Huntleigh provides ground handling and related aviation services, and AU10TIX delivers identity verification and fraud prevention solutions.

• ISEC: This segment provides aviation security services including passenger and baggage screening, perimeter guarding, CCTV surveillance, aircraft and cargo security, as well as consulting, training, auditing, and technology solutions for airports, airlines, cargo operators, and critical infrastructure facilities in Europe and the Far East.

• Huntleigh: This segment offers limited aviation security services and non security aviation related services such as ground handling, janitorial, wheelchair assistance, skycap, concierge, and baggage handling at 30 airports across 20 U. S. states.

• AU10TIX: This segment develops and delivers modular identity verification and fraud prevention solutions, including real time document authentication, biometric matching, and watchlist screening, serving financial institutions, payments providers, and other commercial and government customers worldwide.

ICTS benefits from a long history of innovation in aviation security, with ISEC management widely recognized as developers of pioneering screening methods and technologies, and from AU10TIX’s proprietary AI driven identity verification platform that delivers verification in under eight seconds, giving the company a competitive edge in both its core markets. The firm’s integrated approach combining security services with technology solutions differentiates it from pure play security providers and standalone identity verification vendors.

The company’s customer base includes major airports such as Schiphol Nederland B. V., leading airlines, cargo operators, government agencies, and financial institutions that rely on its security and identity verification services. The three largest customers, whose names are not disclosed, collectively account for half of the company’s revenue and a significant portion of accounts receivable.