Thruvision Share Discussion Threads

[bprofit] 14/10/2020 22:47

They also have a story on LinkedIn about Sony distribution centres. Great reference: "Loss prevention for high value content is critical in today's online economy. SONY DADC is using safe-distance, contactless people screening technology from Thruvision to prevent theft at distribution centers – and improve employee safety and productivity. #SONY #Thruvision #lossprevention #distributioncenters #distributionlogistics #assetprotection #distributioncentersecurity"" LinkedIn

[leoboy] 14/10/2020 17:53

new customer ? Wilco - see https://www.linkedin.com/company/thruvision/

[hastings] 07/10/2020 07:17

Yes happy with that given what it's had to contend with, particularly break even EBITDA.Importantly, moving forward THRU is in an ideal spot to seriously gain as it's technology should see strong demand.

[masurenguy] 07/10/2020 07:08

Good, solid update ! Pre-close Trading Update Thruvision (AIM: THRU) the specialist provider of 'safe distance' people-screening technology to the international security market, is pleased to provide an update on trading for the six months ended 30 September 2020, the first half of the Group's financial year. Despite the challenges presented by the Coronavirus pandemic and limited activity from early March to mid-June, the Group had a strong second quarter and, for the first time, has achieved break-even EBITDA for the half year. Revenues in the period were £4.7mn (H1 FY20: £4.8m) with a gross margin of 48% (H1 FY20: 48%). Cash at 30 September 2020 was £5.0m (31 March 2020: £8.4m) and this is expected to improve materially during October when a US Federal Government payment falls due, bringing cash to levels seen in the prior year. Our Customs and Profit Protection sectors held up well despite the Coronavirus impact although our Aviation sector was inevitably badly affected. In the period we received orders from 8 new and 6 existing customers.

[masurenguy] 05/10/2020 16:16

Very quiet here following the trading update that was issued on September 18. Since then less than 180,000 shares have been traded over the past 2 weeks and no trades have been reported at all so far today. Interims are due at the end of next month.

[masurenguy] 18/9/2020 07:51

New contract and trading update. Thruvision Group plc Contract award announcement Thruvision is pleased to announce a strategically important contract award by the US Government's Customs and Border Protection (CBP) for further units and associated support services totalling $4.9 million, of which $4.3 million is expected to be delivered in FY21. This latest award, in line with the Company's expectations, is a follow-on order by CBP to that of $3.0 million made in 2019. Commenting on the award, Colin Evans, Chief Executive, said "We are delighted that CBP has added to its existing fleet of Thruvision units. This award reinforces Thruvision's international standing as a first choice provider of security technology which, in this era of COVID-19, eliminates the close-proximity physical searching, or 'patting-down', of individuals. Ongoing travel restrictions and challenges with getting onto customer sites to run operational trials are still hampering our ability to progress sales opportunities with new customers. However, this award means Thruvision expects to deliver financial results for H1 broadly similar to the same period in FY20. The aviation sector has been severely affected by COVID-19 and our business here has inevitably suffered during the period. Nonetheless, we continue to make good progress with aviation regulatory approvals which is critical for the longer-term. Equally, although the pandemic has adversely affected the broader retail sector, interest levels in our Profit Protection business have held up reasonably well and our confidence in our medium-term prospects in this sector has strengthened."

[hastings] 18/9/2020 07:50

A decent contract win for THRU announced today and the first half revenue expected to be similar to that of last year.That is a decent outcome given the disruptions etc, but importantly the company looks well set for major progress once Covid eases.

[mr dexy] 25/8/2020 07:32

Hi Hastings, Having spotted it.. I just thought it might be of interest to holders... nothing more... I won't trouble you again.. Regards to all Mr D

[hastings] 25/8/2020 06:49

I think Hermes signed up with THRU last year.

[mr dexy] 25/8/2020 02:25

Hi All, Just out of interest... "Loss Prevention Operative - North As a business, Hermes is shaped by our four values of Do the right thing, Dare to be different, Strive for more and Be customer obsessed. We run our business by these values and they are reflected in all of our roles, including our Loss Prevention Operative position. ..... Reporting in to and working closely with your Loss Prevention Manager, you will be responsible for managing and implementing the ThruVision search system in the your depots as well as conducting investigations and audits across the Depots and Sub-Depot Network and supporting your Loss Prevention Managers with any required LP activity." https://www.reed.co.uk/jobs/loss-prevention-operative-north/40762708?source=searchResults Regards to all Mr D

[hastings] 20/8/2020 20:29

This is also worth a look from last November.Https://m.youtube.com/watch?v=soJBk1l5nQQ

[masurenguy] 18/8/2020 08:47

Thanks Bprofit. Direct link to the post in #208 above https://www.cnbc.com/2020/05/27/what-will-flying-be-like-how-coronavirus-is-changing-airports.html

[bprofit] 18/8/2020 08:21

CNBC also see this to be the biggest trend in response to COVID..https://www.cnbc.com/2020/05/27/what-will-flying-be-like-how-coronavirus-is-changing-airports.html

[bprofit] 18/8/2020 08:08

Interesting post on the LinkedIn page again, content below:"Contactless" Aviation Security is officially the future! Transportation Security Administration (TSA) has released its updated strategic road map – and it highlights the need for contactless or lighter touch transportation security equipment and processes to enhance passenger safety. Can we get that implemented in 2021?

[masurenguy] 15/8/2020 18:34

Cheers Hastings - interesting insight into retail applications ! The monitors are now being adopted by a number of businesses as part of their one-way exit strategies because of their ability to scan 2000 employees per hour without making any physical contact. Instead, the thermal technology highlights the heat of the concealed item on a security monitor as the employee ends their shift. Morrisons rolled out the scanners across its entire distribution estate earlier this year. The business has demonstrated that agnostic technology that engages with subjects at a safe distance without the fear or favour of accusations of negative profiling has become the holy grail of loss prevention and asset protection teams. “For many businesses, security bag checks and ‘wanding’ have literally been put on hold because they are not COVID-appropriate,” said Thruvision’s Vice President for Loss Prevention Sales, Alex Brundle. “We have seen a real uplift in enquiries for non-invasive checks because it is completely hands-off, operated at a safe distance and completely safe. The return on investment is also a compelling argument, with DCs operating the system seeing annual six-figure loss savings over a period of less then 6 months, and we also offer a monthly leasing model which means it can be paid for out of the operational budget rather than a capital expenditure cost – this is a win-win.

[hastings] 15/8/2020 17:34

http://www.lpportal.eu/content/editorial/articles/retail-environment/retailers-search-hands-internal-theft-checks-after-covid-lockdown-pat-down-ban/

[hastings] 15/8/2020 17:32

Https://www.lpportal.eu/content/editorial/articles/retail-environment/retailers-search-hands-internal-theft-checks-after-covid-lockdown-pat-down-ban/

[bprofit] 12/8/2020 23:02

I noticed that they announced two new projects on LinkedIn about a week ago. Next and Footasylum...

[leoboy] 01/8/2020 21:48

Order ! https://mobile.twitter.com/thruvision/status/1285867866152108037/photo/1 https://www.centresoft.co.uk/ pt of : https://www.activisionblizzard.com/uk/en/ ?

[masurenguy] 27/7/2020 16:13

I never stated or implied that these cameras had anything to do with THRU thermal imaging or that it was competitive. What I clearly stated was that the deployment of cameras "could have a collateral positive effect upon demand for Thruvision units in airports and other transport hubs."

[itshenderz] 27/7/2020 16:07

Just looked...Nothing to do with THRU as its thermal imaging.THRU is terra hertz scanning for metal etc hidden on the body, that's security not directly linked to covid other than social distancing.Not a competitor in business.Good spot though

[masurenguy] 27/7/2020 08:31

On the one hand thermal cameras are of limited effectiveness but on the other they could have a collateral positive effect upon demand for Thruvision units in airports and other transport hubs. Coronavirus: thermal cameras give poor picture of health Thermal-imaging cameras of the kind being installed at businesses, airports and hospitals are an unreliable way of screening and give a false sense of security, researchers have said. The cameras detect heat radiating from an individual’s skin and are designed to judge quickly whether someone is infectious. However, the results may be too variable to be useful. Interest in the devices is soaring: Flir, the largest player in the field, recorded camera sales of $100 million in the first quarter of this year, with the devices costing $2,000 to $15,000, or higher. Thermal cameras measure skin temperature to within half a degree but not core body temperature, meaning that in cool environments such as air-conditioned airports skin-surface temperatures will probably be lower. Some insist that the purpose of thermal cameras is not to detect, but to act as an initial screening system. “People who are identified as having an elevated skin temperature can then be evaluated using additional tools or told to take a test,” said Chris Bainter, director of global business development for Flir. Complete article: https://www.thetimes.co.uk/edition/news/coronavirus-thermal-cameras-give-poor-picture-of-health-f2wfhk5hr

[hastings] 23/7/2020 07:18

We don't hear much from the company, but thanks to it's twitter feed we can see that centresoft the UK's leading video game distributor is the latest signing up for the tech. The Birmingham based operator is utilising Thru's camera tech for safe security checks from distance.With ever more online shopping and increased distribution centres there must be increasing significant opportunities for Thru.

[hastings] 17/7/2020 12:40

Nice to see a bit of buying today and a move northwards. Reasonable to assume, that the recent positive news on increased interest in its screening tech has continued.