Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
Up to 2,000 passengers screened for knives each hour in police body scanner trial
https://www.standard.co.uk/news/crime/up-to-2000-passengers-screened-for-knives-each-hour-in-police-body-scanner-trial-a4237746.html
Good overview and demo
https://twitter.com/YahooFinance/status/1146118674333310976?s=19
93% growth in revenue is great progress. My only concern in the report is that they only have the capacity to manufacture 20 units a month at this time. The problem I see with Thruvisions as a stock is that it trades on the AIM. If this traded in a larger stock market it may see a lot more attention.
Blanket Purchasing Agreement for Thruvision. Curious what the potential orders can be for this use case.
https://finance.yahoo.com/news/us-department-state-selects-thruvision-130000049.html
These US orders are just the beginning for potential big growth there and as a reference for global growth.
The use case for scanning employees is a significant opportunity. Employee screening at airports is a big gap in security. Clearly the trial of Thruvision in the LA Subway has proven to be successful hence the purchase at the LA airport. Employee screening may prove to be a big growth area for Thruvision. The narcotics purchase for foreign governments is interesting as well. I have to believe Thurvision is being considered for border security globally.
Question answered - this article (at the very end) references this fix will be ready in June.
https://www.foxnews.com/travel/tsa-new-full-body-scanners-add-privacy-filter
"TSA is expecting the privacy filter software updates to be available for the scanners in June. The agency will then determine how and when the scanning technology will be implemented at airports."
Further clarification on this issue per this article:
https://www.latimes.com/business/la-fi-tsa-body-scanner-20190429-story.html
“A piece of narrowly drawn legislation from several years ago created a requirement that all people-screening technologies used at U.S. airport checkpoints have a privacy filter regardless of the image displayed,”
I have to assume this is an easy fix to create a generic avatar and then just show the image of where there is an item detected.
This is a very telling article that in the US Thruvision is being considered as the next generation body scanning solution in airports. What is interesting is that they have an issue with "privacy" I did not think this was a problem. Regardless, once they get this solved this should bring large orders. This is probably why Thruvision set up a US manufacturing facility.
https://qz.com/1601613/tsa-is-testing-an-airport-screening-system-with-privacy-issues/
This should be another advantage for Thruvision as it will be able to show if there is an object actually there or not.
https://www.businessinsider.com/tsa-body-scanners-may-be-likely-trigger-false-alarms-black-overweight-2019-4
I thought the Trading Update was positive and hints that they are slowly building a good business. Besides doubling revenue, I believe the most important news are the repeat customers. This shows the technology works and important to security.
The 14 units sold will be nice, but what I am hoping this does is become a reference for border security globally. The news i am anxious to hear about is the use of Thruvision at airports.
https://theblast.com/united-states-mexico-border-crossing-technology-body-scanners-hidden-drugs/
"As an example, the procurement request lists the ThruVision TS4-C people-screening camera that touts the ability to identify any type of item “hidden under peoples’ clothing” at distances of 3 to 4 meters. It can also screen people at a rate of one every 12-seconds, which would satisfy the 100 per hour requirement."
This seems like an opportunity perfectly situated for Thruvision. Imagine if they can win this contract.
https://timesofindia.indiatimes.com/business/india-business/all-indian-airports-set-to-install-body-scanners-from-2019/articleshow/67279418.cms
I have had the unfortunate body check a few times. I believe Thruvision's technology will make these situations obsolete unless something is truly detected. Another reason why Thruvision may be the future for airport screening.
https://www.ksdk.com/mobile/article/news/investigations/tsa-officers-under-attack-by-irate-passengers/63-616713714
Should this pass TSA's current testing and be accepted as a technology for airport screening, this will be a completely different company very quickly.
https://singularityhub.com/2018/11/21/its-time-for-an-airport-security-tech-upgrade/#sm.0001lig6e0zcnfl0ub7249nkp4n5i
"When asked whether the passive terahertz technology could replace the current full-body scanners, Price said he hopes new tech can eventually replace the need for a checkpoint, as checkpoints could be targets for terrorists."
Persimmon, that just it. As holders we don't want a premature sale until they hit their stride as a company. THRU has so much potential across all types of security use cases that there should be several companies who will want their technology and install base of customers at a premium.
I believe we have 2 years for Thruvision to grow this company before they are in a good position to sell. They would be foolish to do so prior to that considering all of the trials they have going on now. Remember in the US they have projects in the rail stations, border security and now airports. If successful Thruvision will be a much different company in 2 years.
This is by far the biggest news that has come out. This technology is clearly a much better solution for airports. The fact that the stock has not moved on this news shows how under the radar THRU is right now.
https://www.newswire.com/news/transportation-security-administration-tsa-awards-concept-of-20694738
I am not concerned about the sp in short term. This company is still under the radar. Should they land some higher profile wins the stock should get more attention.
Look at this announcement and the LA Subway announcement as paid pilots. If successful, we should see much larger orders to follow. The US Border use case is just one spot. Imagine if they ultimately order for all checkpoints along the US/Mexican border.