ThruVision Systems Ltd. announces the acquisition of the business assets of ThruVision Limited

Thursday 15th October 2009

The business assets of ThruVision Limited (in administration) have been acquired from the administrators by ThruVision Systems Limited (“TSL”).

TSL is a newly incorporated company backed by private equity investors and supported by a loan facility from Noble Venture Finance. TSL provides market leading security solutions to governmental and private security operators based on its proprietary passive terahertz imaging technology. This technology was originally derived from work pioneered for space imaging applications within the UK at the Rutherford Appleton Laboratory (“RAL”), now part of the Science and Technology Facilities Council, supported by a programme from the European Space Agency (“ESA”). Both ESA and STFC Innovations Limited, as holders of the patents relevant to TSL’s operations, have granted new IP licences to TSL. TSL is located close to RAL and continues to enjoy a close collaborative scientific and commercial relationship with both STFC and ESA.

Clive Beattie, Chief Executive Officer of TSL said “I am delighted that new investors have stepped forward to refinance the business. With our financial stability now assured we look forward to taking TSL’s exciting technology to the next stage of its development”.

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