(NEW YORK)–The New Years Day terrorist attack in Istanbul, Turkey, which killed 39 people, may draw investor focus towards companies, like DTII, which provide venue security for high gathering places, such as nightclubs, schools, and concert halls.
We see full body walk through scanners when we check in through the airport, but recent trends from terror attacks from groups like ISIS shows their focus on more softer populated venues, such as nightclubs and concert halls. Unfortunately this trend may continue, and as such investor interest may grow in stocks that offer full scan venue security scanning systems.
Full body scanners are one of the effective components in the security screening domain. Full body scanners are devices which primarily detect suspicious objects on a person’s body for during security or surveillance checks. Full body scanners are primarily deployed across areas under high security vigilance and high strategic importance, such as VVIP residences, defense headquarters, airports and others.
Some of the key players in the full body scanner market include Millivision Inc., Rapiscan Systems Ltd., Brijot Imaging Systems, L-3 Communications Holdings, Inc. (NYSE:LLL), Tek84 Engineering Group LLC, American Science & Engineering Group, and Braun & Company Ltd.
A smaller player on nightclub and sport arena venue security is Defense Technologies International Corp. (OTCQB:DTII), a developer of the “Offender Alert Passive Scan” (US Patent #: 7408461), which is a portable scanning security device that uses the Earth’s magnetic fields, as opposed to X-rays with current systems, to detect potential security threats.
No X-Ray Emissions
The Offender Alert Passive Scan is the only product of its kind that uses passive scanning. Traditional detectors use X-ray (radiation) imaging – the same type of technology that can have harmful effects after prolonged exposure; the Offender Alert Passive Scan eliminates any exposure to students, and this could become a major selling point in replacing current scanners in schools and buildings today.
DTII has around 30 million shares issued and outstanding, and low public float. Based on continued need for greater venue security, and possible purchase orders from schools, government agencies, and sports arenas, DTII was issued a “speculative” price valuation target of $0.80 to $1.00 per share by Ludlow Research.