According to a report from MarketsandMarkets out in late
2014, the global security screening technology market is on track to hit
upwards of $9.1 billion by 2020, growing at a CAGR of roughly 9.4 percent, as
point of entry demand and the need to security screen at locations like
airports, border checkpoints, railways, schools, sports stadiums, high-profile
corporate sites, or government and private facilities like correctional
institutions, continues to grow. Security threats ranging from the recent biker
shootout in Waco, Texas, to drug trafficking on the southern border with
Mexico, as well as the continued rise around the world from terrorism, have
created an environment where the need for ubiquitous weapon detection screening
systems is paramount. This is particularly true when such screening systems, in
combination with other security measures, can provide defensive perimeter
solutions that stop bad guys carrying threat objects such as knives, guns, and
razor blades in their tracks, identifying and documenting the threat before any
lives are lost.
Premier global provider of market intelligence and advisory
services, International Data Corporation, foresees a similar degree of growth
for the global security and vulnerability management (SVM) sector, with a 10.2%
CAGR projection through 2018, citing a marked 9.7 percent increase from the
roughly $4 billion in revenues generated during 2013, to roughly $4.4 billion
last year. One of the more attractive players in this market is the firmly
established and highly competent security services firm, View Systems (OTC:
VSYM), which also develops both the proprietary hardware and software needed to
realize their growing portfolio of threat detection and ISR (intelligence,
surveillance and reconnaissance) products, including their flagship
walk-through CWD (concealed weapons detection) system, the ViewScan.
ViewScan is a robust and highly advanced gateway, full-body
scanning platform that pairs up a high-fidelity, completely passive sensor
array, with the PC-based software needed to execute extremely accurate threat
object detection, actively discovering and alerting personnel to the presence
of weapons like knives and guns, while eliminating false positives and
filtering out every day personal items like coins, keys, jewelry, or belt
buckles. Moreover, the system is completely safe for medical devices like
pacemakers and yet the standard version of the unit weighs just 56 lbs (75 lbs
total shipping weight), can be easily moved around for deployment at different
entryways and even comes with an optional 4-hour battery backup capability that
allows the system to be used almost anywhere. ViewScan can be set up in fifteen
minutes using only a Phillips screwdriver, works with off the shelf computing
systems and the company even makes a companion detector, the fully automatic
and adjustable LAW Handheld Metal Detector, to help further ensure rapid
screening throughput, minimal need for pat down inspections, and maximum
operator safety.
A simplified yet powerful GUI (graphical user interface) for
the company’s proprietary ViewScan software bundle allows even inexperienced
operators to harness the rapid throughput capabilities this system can deliver.
The ViewScan platform is designed to rapidly capture images (including those
from optional additional cameras) and other important data, as well as print
out such evidence, and the system seamlessly integrates with VSYM’s biometric
fingerprint reader-enabled Positive ID Verification System as well. ViewScan
presents users with an unmistakably simplified visual display indication of not
only positive threat detection, but where on a person’s body the threat is
located. The ViewScan even comes in a variety of formats, including a foldable
Ultralite version so compact it can be checked on an airline flight, weighs
only 23 lbs (45 lbs total shipping weight), and comes packed in its own SKB
Corp. brand, high-quality molded polymer travel case.
The company’s Positive ID Verification System was specifically
engineered to offer correctional, facilities, courthouses, office complexes,
school sites and other secured locations the ability to quickly and accurately
screen visitors and employees, and comes complete with an ID scanner and
self-adhesive visitor badge with photo printer, in addition to the biometric
fingerprint reader. Both of these systems are designed to document and record
data, archiving images and logging processing activity information into a
database that can be printed out as a daily or monthly report, complete with
timestamps and relevant data on the individual, like name and ID or other
identifying number(s). Similarly, the company’s first response remote video
transmission system, Visual First Responder (VFR), a wearable video and infrared
system designed to be carried on a belt or helmet and document or relay
important video data, is capture-minded and allows users to fully document use,
either for training purposes or subsequent legal action. Created to
specifically address Law Enforcement, SWAT team, Fire Rescue team or HAZMAT
team requirements, the rugged and compact body-worn camera with 5-mile
transmitter based VFR platform, is ideal for handling a broad spectrum of
roles. The VFR system feeds clear, steady, real-time and optionally encrypted
video back to a viewing console, and can easily be mounted on even K-9 units.
The company recently announced that they are seeing
continued traction and momentum build up in California, Michigan and Texas for
their products, capitalizing on a sophisticated representative and dealer
network that has been able to keep successfully landing new clients and
installation contracts. ViewScan in particular is finding fast favor among
clientele like event security organizers, educational institutions and law
enforcement facilities, given the affordability and ease of implementation the
system provides. The aggregate security industry is one of the fastest growing
segments of the global economy over the last decade and with revenues currently
in the neighborhood of $100 billion plus annually, there is considerable room
for VSYM to grow on the strength of their revolutionary weapon detection
systems and other ISR/SVM offerings.
Learn more about the company by visiting www.viewsystems.com
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