REG - Thruvision Group PLC - Next generation product range & software launched

ThruvisionAnnouncement

01/02/2024 07:00

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RNS Number : 6120B  Thruvision Group PLC  01 February 2024

1 February 2024

Thruvision Group plc

 

Next generation product range and software launched

 

Thruvision (AIM: THRU, "Thruvision" or the "Group"), the leading provider of
walk-through security technology, has launched the LPC71 Series, a
next-generation, three camera variant product range focused on meeting the
specific needs of the Retail Distribution market.

 

According to a report published by Retail Economics in November 2023*, theft
by employees from UK retailers' Distribution Centres (DCs) was estimated at
£1.4bn in 2023. Thruvision's flagship WalkTHRU security technology is
designed to help retailers reduce theft by enabling large numbers of employees
to be quickly and effectively screened for stolen items as they leave DCs at
the end of a shift.

 

The LPC71 Series improves and expands the Group's WalkTHRU capability and is
based on an upgraded and modular Terahertz sensor platform and new,
future-proofed image processing software including a separately licensable
bundle of enhanced features, called "SmartSCREEN".

 

SmartSCREEN, designed with input from key customers like Next and JD Sports,
improves detection performance, is easier to use, provides a range of
additional GDPR compliant capability and automatically generates employee
throughput statistics.

 

The Group is offering a hardware upgrade path for existing customers so they
can leverage their existing investment to take advantage of the new
capabilities offered in this, and planned future, software bundle releases.

 

*Copy of the report here:
https://www.retaileconomics.co.uk/uploads/file/The%20Cost%20of%20Retail%20Crime%20Report%20(Thruvision%20-%20Retail%20Economics).pdf
(https://protect-eu.mimecast.com/s/2fhdCpZ8NfQEOrFPQcJt?domain=retaileconomics.co.uk)

 

Colin Evans, Chief Executive, commented:

 

"Working with our retail customers, we have developed the LPC71 Series to
build on the success of our WalkTHRU screening capability. With an upgraded
sensor platform and brand-new image processing capability, we are confident
the LPC71 Series delivers higher throughput rates and better detection
performance.

 

"Our technology has a return on investment of six months or less and we know
that our fast, effective and employee-friendly security technology is used in
Distribution Centres (DCs) to rapidly check many thousands of staff every day.
It is also proven to deter all types of criminals from stealing from their
employers."

 

For further information please contact:

 

Thruvision Group plc
 
 +44 (0)1235 425400

Colin Evans, Chief Executive

Victoria Balchin, Chief Financial Officer

 

Investec Investment Banking (NOMAD & Broker)
                 +44 (0)20 7597 5970

Patrick Robb / James Rudd

 

Meare Consulting
 
+44 (0) 7990 858548

Adrian Duffield

 

About Thruvision (www.thruvision.com)

 

Thruvision is the leading developer, manufacturer and supplier of walk-through
security technology. Its technology is deployed in more than 20 countries
around the world by government and commercial organisations in a wide range of
security situations, where large numbers of people need to be screened
quickly, safely and efficiently. Thruvision's patented technology is uniquely
capable of detecting concealed objects in real time using an advanced AI-based
detection algorithm. The Group's offices are near Oxford and Washington DC.

 

 

 

 

 

 

 

 

 

 

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