Digital Barriers wins screen technology contract from G4S

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

G4S

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

17:23 London close: Stocks end little changed despite weak reading on industry

London stocks reversed an earlier small loss to trade slightly higher by the close of trading on Monday despite resilience in the pound against the greenback even after the release of weaker-than-expected data on industrial trends.

16:30 Tuesday preview: Results from Anglo American, Bunzl, St James's Place and Whitbread

Tuesday remains quiet for macroeconomic news but the week's major corporate results kick in with updates from Anglo American, Bunzl, St James's Place and Whitbread.

15:50 FTSE 250 movers: Spire surges as it rejects Mediclinic offer; IWG hit by downgrade

London’s FTSE 250 was down 0.2% to 20,109.57 in afternoon trade on Monday.

15:47 FTSE 100 movers: GKN rallies but Mediclinic drops as Spire rejects offer

London’s FTSE 100 was up 0.1% to 7,529.60 in afternoon trade on Monday.

15:33 US open: Stocks pause at record highs

Wall Street was trading on a mixed note in the early going on Monday, albeit after record closes during the previous session with sentiment underpinned by optimism over Trump’s tax plans as investors look ahead to more earnings releases.

15:04 Smith & Nephew acquires 'game changing' shoulder surgery technology

Smith & Nephew has agreed to snap up a US developer of a "game changing" surgical technology that helps speed the healing process in rotator cuff shoulder injuries.

15:11 FCA still investigating RBS's GRG over SME issues

The City watchdog has published an interim report into the treatment by Royal Bank of Scotland small business clients, though it said the bank remained under investigation over some unnamed matters that could see further regulatory action.

14:02 Asia report: Japan leads rise as Abe consolidates strength in election

Japanese equities led Asia-Pacific markets mostly higher on Monday as markets welcomed an election win for Shinzo Abe.

13:28 UK household pressures ease, rate hike expectations rise - IHS Markit

Financial pressures eased for UK households in October while rate hike expectations rose, according to the latest survey from IHS/Markit.

13:11 Europe midday: Stocks turn higher as German exporters balance Catalonia angst

European stocks were picking up a little steam after a listless Monday morning, as slippage in the euro benefitted exporters but Spain's issues with Catalonia continued to cause some anxiety.