Digital Barriers wins screen technology contract from G4S

Maryam Cockar Sharecast | 13 Apr, 2017 14:34 | | |


Security software provider Digital Barriers has won a framework contract from G4S, a FTSE listed 250 security company, for its ThruVis people screening technology.

G4S will sell and support ThruVis in their operations in 19 European countries, with potential to include other technologies from Digital Barriers.

ThruVis detects items concealed under clothing, including non-metallics like explosives and ceramic knives, at stand-off distances of up to ten metres. It is mobile and is operationally ready for use, as confirmed by the US Transportation Security Administration, which has already conducted deployments of the platform in preparation for a wider rollout.

The AIM-listed company said that at the recent Government Security & Policing event in Farnborough, ThruVis was part of an official high throughput screening demonstration operated by G4S, where the technology achieved a screening rate of up to 1,000 people per hour at peak times - estimated to be more than five times faster than traditional security lanes.

ThruVis can also be used alongside the teh company's SmartVis Face solution, which raises alarms when concealed threats or people who may present a security risk enter protected locations.

Chief executive Zak Doffman said: "The addressable market for this solution is now being measured in many thousands of units over the coming years, which will deliver a very significant payback on the 10 years of development and investment that has resulted in this unique technology."

Shares in Digital Barriers were up 3.79% to 28.15p at 0849 BST.

More news

19 Aug US close: Stocks end lower despite Bannon departure

Wall Street slipped slight lower heading into the weekend as traders tried to figure out the implications of recent events on Capitol Hill and weighed the unexpected departure of White House chief strategist Steven Bannon.

18 Aug Europe close: Stocks edge slightly higher at the end of the session

Stocks pared early losses as traders digested a terrorist attack on Barcelona overnight and monitored the news-flow coming from the White House.

18 Aug Weeky review

The FTSE 100 finished the week almost flat, up 14.02 points or 0.19%, at 7,323.98.

18 Aug London close: Risk aversion grips FTSE, stocks lower on Trump and Barcelona attacks

London's FTSE 100 index fell below a key technical level as Friday's session wore on, with travel stocks leading the retreat after the terror attacks in Barcelona and the large cabal of overseas focused companies hit by the dollar's weakness amid renewed concerns about the US Presidency.

18 Aug BowLeven appoints new director

AIM-listed oil and gas group, BowLeven announced on Friday that Matt McDonald would be appointed to the firm's board as non-executive director with immediate effect.

18 Aug Week ahead: Not everything that happens at Jackson Hole stays there

In the coming week, the spotlight will be on the Federal Reserve bank of Kansas City's Symposium in Jackson Hole, Wyoming.

18 Aug Acacia remains a 'buy' for HSBC but target price slashed

HSBC cut its target price for Acacia Mining by 47% but kept its 'buy' recommendation in place as the months-long spat with the Tanzanian government still hangs over the company.

18 Aug US open: Stocks flat heading into the weekend, political ruckus weighs

Wall Street is essentially flat heading into the weekend after the head of the University of Michigan's consumer confidence survey said recent events in Charlottesville were likely to take their toll on sentiment.

18 Aug FTSE 250 movers: Hikma still looking ill; Kaz Minerals buffs up

Hikma Pharmaceuticals shares continued their downward spiral as HSBC slashed their target price, telling clients its first half numbers contained lower guidance for generics and a tougher outlook for injectables and branded drugs.

18 Aug Calpine agrees to be acquired for $5.6bn in cash

Shares of Calpine Corporation surged after news broke that the American power generation company had agreed to be acquired by a consortium led by Energy Capital Partners.