CBP Framework Agreement and Contract Award

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	[phone]
Investec Bank plc James Rudd / Patrick Robb / Sebastian Lawrence	[phone]
FTI Consulting LLP Matt Dixon /  Tom Blundell	[phone]

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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