Technology
Thruvision Group plc
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Company Description
Spun out from the British Government's Rutherford Appleton Labs in 2002, Thruvision Group is an AIM-quoted technology company that develops, manufactures and sells people-security-screening technology. Thruvision has developed a range of exceptional cameras that register minute differences in body heat, and the technology can detect relatively small objects hidden under an individual's clothing. Based in the UK, Thruvision sells its products globally, focusing on three main sectors, Aviation, Customs and Profit Protection, where it is finding significant opportunities to grow its presence, while Mass Transit and Event/Location Entrance protection markets could be developed in future. A key feature of Thruvision's technology is that it operates at a physically distant range of several metres and completely removes the need for physical searches.
Investment Summary
Thruvision's technology is differentiated from competing security screening technologies by operating at a safe distance and detecting non-metallic as well as metallic items. COVID-19-related restrictions on close proximity 'pat-downs' (required to resolve alarms from walk-through metal detectors and airport body scanners) increased interest in Thruvision's screening solutions, although the Aviation sector was particularly affected by lockdown travel restrictions. Thruvision has started to expand and tailor its product range and appears well-positioned to address the growing need to safely, quickly and comprehensively security screen individuals for weapons, contraband or other illicit items. Sales contracts are often high value with irregular timing, leading to uneven sales growth, but medium-term prospects seem promising, and the group has demonstrated good cost control while maintaining a strong balance sheet.
Recent Content
Strong H1 shows traction in core markets
19/12/2022 Thruvision Group plc
Thruvision has announced strong H1 results to 30 September, with the full year expected to be in line […]
Strong and reassuring trading update
12/10/2022 Thruvision Group plc
Thruvision has announced a positive H1 23 trading update, to 30 September 2022, as the group continues to […]
US Customs & Border Protection framework
03/10/2022 Thruvision Group plc
Thruvision, the leading provider of ‘safe distance’ people screening technology, has this morning announced the signing of a […]
FY results show growth trajectory back on track
30/09/2022 Thruvision Group plc
Thruvision’s FY results to 30 March 2022 demonstrate a return to growth, driven by a strong H2. Results […]
Further US Customs contract
23/09/2022 Thruvision Group plc
Thruvision, the leading provider of ‘safe distance’ people screening technology, has announced a short trading update and contract […]
On track to breakeven
04/04/2022 Thruvision Group plc
Thruvision, the leading provider of ‘safe distance’ people screening technology, has announced a trading update for the full […]
H1 2022 results reflect increasing confidence
22/11/2021 Thruvision Group plc
Thruvision’s H1 results to 30 September 2021 demonstrate enhanced confidence for H2 and beyond, and we reinstate forecasts […]
First Half Trading update
07/10/2021 Thruvision Group plc
Thruvision has provided a short update on trading for the six months ending September 2021. The Group has […]
Strong growth in Profit Protection
12/07/2021 Thruvision Group plc
Thruvision has demonstrated resilience during FY21, with management acting quickly to offset weakness in some core end markets […]
Company Management Team
Colin Evans
Chief Executive Officer
Colin was appointed a Director on 8 February 2010 and was appointed Chief Executive of Thruvision Group plc on 1 November 2017, having previously served in a number of senior management positions. He is responsible for all aspects of the business and draws upon his 22 years’ experience delivering innovative new technology to the international security industry and, in particular, to the US Federal Government. Prior to joining Thruvision, Colin spent 15 years with Detica Group plc, where he was Group Chief Operating Officer. He is currently a Non Executive Director at 6point6 Limited and Cloud Gateway Holdings Limited and their associated companies.
Victoria Balchin
Chief Financial Officer
Victoria Balchin has been appointed Chief Financial Officer and will commence with the Company on 1 October 2022. In the meantime, and following the departure of Adrian Crockett on 14 April 2022, Chris Mann is retained as Interim Finance Director to cover the role until Victoria Balchin commences employmen
