InVision Technologies Subsidiary Accelerates Development of New Weapons Detection Technology, Enters Technology Licensing Agreement.
NEWARK, Calif.--(BUSINESS WIRE)--April 30, 1999--
New Technology Could Significantly Enhance Ability
to Detect & Track Concealed Weapons (Law) dangerous weapons so carried on the person as to be knowingly or willfully concealed from sight, - a practice forbidden by statute.<- in some states! ->
See under Concealed.
See also: Concealed Weapon
InVision Technologies InVision Technologies, Inc. was a publicly traded company based in Newark, California, that manufactured and sold airport security screening devices to detect explosives in passenger baggage. One of its most well-known products is the CTX explosive-detection device. , Inc. (Nasdaq:INVN) today announced that its wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. , Quantum Magnetics, is allocating additional internal R&D funds to accelerate the development and eventual commercialization of its weapons tracking technology.
The company believes that the new technology, when fully developed, will provide significant enhancements over traditional portal-style metal detectors.
As part of its increased development effort, Quantum is licensing patented, proprietary software and know-how from IBM Research IBM Research, a division of IBM, is a research and advanced development organization and currently consists of eight locations throughout the world and hundreds of projects. and applying it to Quantum's weapons detection and tracking technology under development. The licensed technology, which complements Quantum's passive magnetic sensor technology and expertise, involves the use of a three-sensor gradiometer to measure minute magnetic variations caused by ferromagnetic Refers to a material, such as iron and nickel, that can be easily magnetized. See MRAM. objects at room temperature.
InVision believes that this technology will facilitate the construction of highly sensitive Adj. 1. highly sensitive - readily affected by various agents; "a highly sensitive explosive is easily exploded by a shock"; "a sensitive colloid is readily coagulated" magnetic detection devices using commercial electronics and inexpensive components in place of more costly high-voltage or cryogenic super-conducting components cooled by liquid nitrogen.
Quantum's passive magnetic sensing technology utilizes an array of sophisticated sensors and tracking software to unobtrusively detect, locate and track in real time the motion of magnetic objects, such as guns and knives. The technology superimposes an alarm indicator over a closed-circuit television image of the persons carrying weapons and follows their movements throughout the facility under surveillance.
The array of sensors can be concealed in the walls or ceilings of areas such as entrances, foyers, hallways or other high security areas. This ability to unobtrusively monitor an area in real time for the presence of weapons is not currently available with any other technology.
In addition, Quantum's technology differs from traditional metal detection portals by detecting and tracking objects based on their magnetic characteristics. Because almost all weapons have unique and measurable magnetic "signatures," each known as a magnetic moment, Quantum's technology holds out the promise of being able to effectively discriminate between guns and harmless clutter objects such as keys and eye glasses.
Sergio Magistri, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of InVision, said, "In contrast to other technologies, Quantum's passive magnetic sensing does not subject people to emissions of any types of electromagnetic radiation electromagnetic radiation, energy radiated in the form of a wave as a result of the motion of electric charges. A moving charge gives rise to a magnetic field, and if the motion is changing (accelerated), then the magnetic field varies and in turn produces an . Once developed, we expect that the most likely applications for this technology will be to provide advance notice of the presence of guns and other weapons in banks, courthouses, schools, government facilities, train stations, airports and other places where security is necessary."
As previously announced, Quantum has received nearly $1.5 million in research and development awards from several government sponsors to develop portions of the technology. The company believes that developments made in all of these programs will directly apply to its concealed weapons tracker.
Currently, Quantum is focusing development efforts for its passive magnetic sensor technology on: -0-
-- A system to detect shallow water naval mines, land mines and unexploded ordnance (UXO), under a $750,000 contract from the Office of the Secretary of Defense, administered by the Naval Coastal Systems Station; -- A patrol car mounted system for concealed weapons detection to scan suspects as they approach police cars, funded by a grant of approximately $300,000 from the National Institute of Justice (NIJ) for phases I and II in a $550,000 program; -- An airborne detection system to find underground ferromagnetic structures (such as bunkers and hidden weapon emplacements) and heavy equipment, with funding of $250,000 from the Air Force Geophysical Laboratory at Hanscom Air Force Base; -- The operation since October 1997 of three walk-through portal security systems based on passive magnetic sensing technology at the Bannock County Courthouse in Pocatello, Idaho. These systems are successfully detecting concealed guns, knives and other weapons.
About InVision Technologies and Quantum Magnetics
InVision Technologies develops, manufactures, markets and supports automated explosive detection systems (EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. ) for civil aviation security and drug detection applications, based on computed tomography Computed tomography (CT scan)
X rays are aimed at slices of the body (by rotating equipment) and results are assembled with a computer to give a three-dimensional picture of a structure. (CT) technology. Today, more than 150 FAA-certified CTX CTX Context (Management; Tandem)
CTX Centex Corporation (stock symbol)
CTX Corporate Trade Exchange
CTX Cholera Toxin
CTX Clinical Trial Exemption 5000 series systems are deployed worldwide to provide the traveling public with the best security against terrorism available.
InVision's wholly owned subsidiary, Quantum Magnetics, acquired by InVision in September 1997, develops and commercializes patented and proprietary technologies, including key quadrupole A quadrupole is one of a sequence of configurations of electric charge or gravitational mass that can exist in ideal form, but it is usually just part of a multipole expansion of a more complex structure reflecting various orders of complexity. resonance (QR) patents licensed from the Naval Research Laboratory Noun 1. Naval Research Laboratory - the United States Navy's defense laboratory that conducts basic and applied research for the Navy in a variety of scientific and technical disciplines
NRL , that are based on a state-of-the-art, low-cost version of magnetic resonance magnetic resonance, in physics and chemistry, phenomenon produced by simultaneously applying a steady magnetic field and electromagnetic radiation (usually radio waves) to a sample of atoms and then adjusting the frequency of the radiation and the strength of the adapted for explosive detection. InVision Technologies is based in Newark. Additional information about the company can be obtained on the World Wide Web at: http://www.invision-tech.com.
Except for the historical information contained herein, this news release contains forward looking statements that involve risks and uncertainties, including risks inherent to the development of new products and new applications; risks inherent in obtaining government funding and government procurement contracts; risks inherent with the timely development of products and the acceptance and pricing of new products; and other risks detailed from time to time in the company's SEC reports, including the most recent report on Form 10-K Form 10-K
A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.
See 10-K. .