Thruvision Group PLC CBP Framework Agreement and Contract Award (4511B)
October 03 2022 - 1:00AM
UK Regulatory
TIDMTHRU
RNS Number : 4511B
Thruvision Group PLC
03 October 2022
3 October 2022
Thruvision Group plc
(" Thruvision " or the "Company")
CBP Framework Agreement and Contract Award
Thruvision (AIM: THRU), the specialist provider of
people-screening technology to the international security market,
is pleased to announce the award of a Thruvision purchasing
framework contract (the "Framework Agreement") by US Customs and
Border Protection (CBP).
The Framework Agreement, which is in addition to the upgrade
contract announced on 22 September, provides CBP with a simple
procurement route to purchase additional Thruvision technology and
is consistent with its stated intention to expand its "passive
pedestrian scanning" capability which it announced earlier in 2022.
The Framework Agreement, which has been awarded to Thruvision's US
Government contracting partner, is for an initial twelve-month
term, with options for CBP to extend it for a further four years to
2026.
At the same time, CBP has placed an initial order under the
Framework Agreement for $7.0 million of additional Thruvision
high-definition cameras and accessories, bringing the total orders
from CBP in this US Government fiscal year (1 Oct 2021 to 30
September 2022) to $14.0 million. This order, which will be
substantially delivered this financial year, further expands the
CBP fleet of Thruvision equipment and is expected to extend
operational deployments into major US international airports for
the first time. The order size is ahead of the Company's
expectations for FY23.
Thruvision technology provides CBP with a new capability to
conduct "passive pedestrian scanning" for concealed narcotics, cash
and other prohibited items at an increasing number of US Ports of
Entry including land border crossings, airports and seaports. The
operational effectiveness of Thruvision technology was proven
during the summer of 2021, following the deployment of sixty
Thruvision cameras bought in two pilot purchases in 2019 and
2020.
Commenting on the award, Colin Evans, Chief Executive, said "We
are delighted that CBP continues to see significant operational
benefit from using our technology and has decided to start the
process of rolling out our technology to further sites across the
US. As one of the world's largest Customs organisations, CBP's
adoption of our latest technology reinforces Thruvision's
international standing as a first-choice provider of security
solutions which offer excellent contraband detection performance
whilst eliminating the need for physically 'patting-down'
individuals."
For further information please contact:
Thruvision Group plc
Colin Evans, Chief Executive
Tom Black, Executive Chairman +44 (0)1235 436180
Investec Bank plc
James Rudd / Patrick Robb / Sebastian
Lawrence +44 (0)20 7597 5970
FTI Consulting LLP
Matt Dixon / Tom Blundell +44 (0)20 3727 1000
About Thruvision
Thruvision is the leading provider of safe distance, people
security screening technology. Using patented passive terahertz
technology, Thruvision is uniquely capable of detecting metallic
and non-metallic threats including weapons, explosives and
contraband items that are hidden under clothing, at distances
between 3m and 10m. Addressing the growing need for safe, fast and
effective security, Thruvision completely removes the need for
physical "pat-downs" and has been vetted and approved by the US
Transportation Security Administration for surface transportation.
Operationally deployed in 20 countries around the world, Thruvision
is used for aviation and transportation security, retail supply
chain loss prevention, facilities and public area protection and
customs and border control. The company has offices near Oxford,
and Washington DC.
www.thruvision.com
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END
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