UK based Radio Physics Solution (RPS) has created a new weapons screening technology that can detect if an individual is carrying a gun, knife, bomb or IED from a safe distance. Their product is the only mobile system available today. Named MiRTLE, the technology utilizes ultra wide band (UWB) millimeter wave radio to screen people. The tech is described as a safe and non-invasive way to scan people from up to 10 meters away. By illuminating a “target” with the UWB wave energy and analyzing the reflected wave form the specific nature of the concealed weapon may be determined. The process is said to be non-contact at “stand off ranges”. The operator is alerted by a color coding system that indicate a threat or no threat situation, without compromising the privacy of an individual.
Clive Robinson of the US National Ballistics Intelligence Service describes the Radio Physics Solutions system as:
“The first viable and operational standoff detector we have seen.”
RPS is already delivering products to early adopters and is working with “multiple US government agencies and expects to secure Department of Defense funding to help with further military-grade product development”.
The funding round on SyndicateRoom is hoping to raise £500,000 for 5.9% ownership in the firm. Pre-money valuation is set at about £8 million. Today 60 investors have backed this company committing over £380,000. The offer is scheduled to close on July 19th. The company has positioned itself as an opportunity for investors to benefit by an exit that could “deliver a robust return on investment”.
According to the campaign, the investment will enable Radio Physics Solutions to accelerate growth in the security sector, specifically the threat detection market, which was valued at £2.5 billion in 2014. Today RPS has an order book exceeding £650,000 company revenues are expected to rise significantly.
The investor leading this round is Enrique Posner who commented on the company;
“I look for companies that are trying to bring to market a product that requires considerable scientific accomplishment, strong patent protection, good management, trustworthiness and a truly differentiated product. The trend towards enhanced security needs will grow substantially and Radio Physics Solutions has a unique product offering that is sorely needed in the security market.”
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