Thruvision partners with Sensormatic Solutions

Thruvision Group PLC

30 May 2024

 

30 May 2024

Thruvision Group plc

Thruvision partners with Sensormatic Solutions to provide next generation
of walk-through people security screening technology
to leading retailers around the world

Thruvision (AIM: THRU, "Thruvision" or the "Group"), the leading international provider of walk-through security technology, has announced its partnership with Sensormatic Solutions, the leading global retail solutions company owned by Johnson Controls Inc. (NYSE: JCI).

Sensormatic will offer Thruvision's WalkTHRU security technology to its existing loss prevention solutions portfolio, making it available to the many leading retailers around the world it counts as customers.

Craig Szklany, Vice President of Loss Prevention and Inventory Intelligence, Sensormatic Solutions, commented:

"Helping retailers overcome their most pressing obstacles is the driving force behind all of our decisions - both when it comes to new solutions and strategic partnerships. We were impressed with Thruvision's innovation and creative approach to addressing a tricky problem, and appreciated their focus on safety and respect in the people screening process.

"I am confident that this partnership will allow us to help retailers protect their distribution centers, headquarters and more, with as much precision as they do their sales floors, while improving customer and employee experiences."

Colin Evans, Chief Executive of Thruvision, commented:

"The discussion about retail theft often focuses on shoplifting, but internal theft is a growing problem. According to research we conducted with Retail Economics (published in November 2023), 40% of the total value of theft is attributable to employees.

"Sensormatic Solutions' extensive retail expertise, global footprint and proven record of delivering cutting-edge loss prevention solutions made it a natural fit for helping us reach more retailers in need of our technology. We look forward to working alongside Sensormatic to help retailers address this fast growing driver of shrink."

For further information please contact:

Thruvision Group plc                                                                                                     [phone]

Colin Evans, Chief Executive

Victoria Balchin, Chief Financial Officer

Investec Investment Banking (NOMAD & Broker)                                            [phone]

Patrick Robb / James Rudd

Meare Consulting                                                                                                           [phone]

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.

About Johnson Controls

At Johnson Controls (NYSE:JCI), we transform the environments where people live, work, learn and play. As the global leader in smart, healthy and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places and the planet.

Building on a proud history of nearly 140 years of innovation, we deliver the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing and beyond through OpenBlue, our comprehensive digital offering.

Today, with a global team of 100,000 experts in more than 150 countries, Johnson Controls offers the world`s largest portfolio of building technology and software as well as service solutions from some of the most trusted names in the industry.

Visit www.johnsoncontrols.com for more information and follow @Johnson Controls on social

platforms.

About Sensormatic Solutions

Sensormatic Solutions is the leading global retail solutions portfolio of Johnson Controls powering operational excellence at scale and enabling smart and connected shopper engagement. Our intelligent digital operating platform - Sensormatic IQ - combines the full Sensormatic Solutions portfolio, including third-party data to deliver unmatched insights into shopper experience, inventory intelligence, loss prevention and operational effectiveness with advanced technologies, like AI and Machine Learning. This enables retailers to act on prescriptive and predictive data-driven outcomes to confidently move into the future.

Please visit Sensormatic Solutions or follow us on LinkedIn, X and our YouTube channel.

 

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