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THRU Thruvision Group Plc

18.00
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Thruvision Group Plc LSE:THRU London Ordinary Share GB00B627R876 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 18.00 17.00 19.00 18.00 18.00 18.00 0.00 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security Systems Service 12.42M -805k -0.0050 -36.00 28.98M

Thruvision Group PLC TSA Concept of Operations Development Contract

02/11/2018 1:24pm

RNS Non-Regulatory


TIDMTHRU

Thruvision Group PLC

02 November 2018

RNS Reach

The press release below was drafted for the American market and released in the United States on 1 November 2018. It is being made available via RNS Reach in order to ensure the UK market is aware of developments in the United States.

Transportation Security Administration (TSA) Awards Concept of Operations Development Contract to Thruvision

Stand-Off People-Screening Technology Has Potential To Improve Passenger Throughput At U.S. Airports

Ashburn, VA. - November 1, 2018 - Thruvision, the leading provider of next-generation people-screening solutions, today announced that it has been awarded a Concept of Operations Development Contract by the U.S. Transportation Security Administration (TSA). Under the contract, Thruvision will provide its passive terahertz people-screening technology to TSA.

TSA is tasked with developing innovative new solutions to improve aviation security effectiveness and stay ahead of emerging threats. With the International Air Transport Association forecasting global air passenger volumes to grow annually at nearly 4% per year*, Thruvision will work with TSA to develop a range of new concepts to improve passenger throughput at airport security checkpoints using Thruvision's unique stand-off screening technology.

"Thruvision has worked extensively with TSA already to successfully test and vet our technology for use in surface transportation security environments," commented Kevin Gramer, Vice President of Thruvision Americas. Mr. Gramer continued, "It is a logical transition for us to now work with TSA to support its aviation security mission and expedite screening of passengers at aviation checkpoints."

The Thruvision stand-off people-screening solution uses a proprietary version of passive terahertz imaging technology to address the growing need for safe, fast and effective detection of threats and prohibited items concealed on a person. Unlike metal detectors, which cannot detect non-metallic threats, the Thruvision solution can detect any concealed objects at distances up to 25 feet. Also, it does not reveal anatomical details or emit energy or radiation. Thruvision's technology was recently deployed by the Los Angeles County Metropolitan Transit Authority, after it was extensively tested and vetted by TSA.

"We believe Thruvision's technology has the potential to complement existing TSA aviation checkpoint screening processes through high throughput screening of travelers," said Gramer. "Our goal is to help TSA increase security and passenger satisfaction."

About Thruvision

Thruvision is the leading provider of next-generation people-screening technology. Using patented passive terahertz technology, Thruvision is uniquely capable of detecting metallic and non-metallic threats including weapons, explosives and contraband items that are hidden under clothing at distances up to 25ft. Addressing the growing need for fast, safe and effective security, Thruvision has been vetted and approved by the U.S. Transportation Security Administration. More than 200 units have been deployed worldwide over the last five years for applications including mass transit and aviation security, facilities and public area protection, customs and border control and supply chain loss prevention. Thruvision has offices in Washington, DC and near Oxford, England.

 
 For further information please contact: 
 
 Thruvision Group plc                       +44 (0)1235 436180 
 Tom Black, Executive Chairman 
 Colin Evans, Managing Director 
 
 Investec Bank plc (NOMAD & Broker)         +44 (0)20 7597 5970 
 Andrew Pinder / Sebastian Lawrence 
  / Patrick Robb 
 
 FTI Consulting LLP                         +44 (0)20 3727 1000 
 Matt Dixon / Harry Staight 
 

* Source: International Air Transport Association forecast, October 2017

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

November 02, 2018 09:24 ET (13:24 GMT)

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