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
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.
