Security Technologies: Company Announcements

In February, biosensor developer NanoSensors signed a letter of intent to acquire the assets of DKL International, a provider of passive detection technology.

SELEX Sensors and Airborne Systems contracted with ilochip A/S to develop a lab-on-a-chip system for detecting and identifying airborne biological pathogens.

The $125.6 million jury verdict against L-3 Communications, resulting from its suit against OSI Systems (see IBO 5/31/06), was upheld in February.

Under a Cooperative Research and Development Agreement, Canberra and Los Alamos National Laboratory will develop a new multiplicity shift register for the detection of radioactive materials for use in remote and unattended operations.

Implant Sciences appointed Beijing Ritchie’s Time Co. as its authorized service provider for China. The company currently has 163 Quantum Sniffer explosives detection systems installed in China.

Smiths Detection’s first-half fiscal 2007 revenues increased 6% to £182 million ($233 million), and operating profit grew 16% to £27 million ($35 million) (see IBO 3/31/07). Sales of airport security equipment outside the US were strong. Ports and borders sales were also strong, but military sales were down.

Homeland Security International entered into a sales and marketing agreement with InfrAegis.

In April, Varian Medical Systems agreed to acquire Bio-Imaging Research, a supplier of X-ray imaging products for security and inspection, for $21 million.

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