Beautiful specimen certificate from Invision Technologies, Inc.
This historic document was printed by the Security - Columbian Company and has an ornate border around it with a vignette of the company name and logo. This item has the printed signatures of the Company’s President and Chief Executive Officer, and Secretary.
InVision Technologies, Inc. was a publicly traded company based in Newark, California, that manufactured and sold airport security screening devices to detect explosives in passenger baggage. One of its most well-known products is the CTX explosive-detection device.
The company was notable, in part, because its case was the first time the US Department of Justice had resolved an Foreign Corrupt Practices Act (FCPA) case through a non-prosecution agreement.
The charges were based upon conduct of the company's third party distributors (but not the company itself), while InVision's staff failed to timely investigate certain "red flag" emails copied to their addresses. The company voluntarily disclosed its findings resulting from internal investigations related to the issues which arose during the preparation for the acquisition of InVision by General Electric Company.
The NPA, concluded in December 2004, required from the company, in part, a $800,000 penalty and a requirement to improve the enforcement of FCPA compliance.
On July 1, 2009, the European Union approved GE Security's sale of 81 percent of the previous InVision business division to French company Safran.
History from Wikipedia and
stock certificate research service)
About Specimen Certificates
Specimen Certificates are actual certificates that have never been issued. They were usually kept by the printers in their permanent archives as their only example of a particular certificate. Sometimes you will see a hand stamp on the certificate that says "Do not remove from file".
Specimens were also used to show prospective clients different types of certificate designs that were available. Specimen certificates are usually much scarcer than issued certificates. In fact, many times they are the only way to get a certificate for a particular company because the issued certificates were redeemed and destroyed. In a few instances, Specimen certificates were made for a company but were never used because a different design was chosen by the company.
These certificates are normally stamped "Specimen" or they have small holes spelling the word specimen. Most of the time they don't have a serial number, or they have a serial number of 00000. This is an exciting sector of the hobby that has grown in popularity over the past several years.