Periodic Reporting for period 1 - ART (Feasibility assessment on Alarm Resolution Technology, using X-Ray Echo Methodology)
Reporting period: 2015-06-01 to 2015-10-31
The overall goal of this initiative is the exploitation of HEART, using novel patented X-Ray Echo Methodology, for various promising security domains. HEART will be the basis for a new generation of X-Ray based screening equipment. It allows for scanning, detecting and characterizing all types of dangerous or specific materials as well as fluids, behind barriers (hidden, packaged) and for in-line/in-process applications.
Specific objectives in the H2020-SMEINST Phase 1 feasibility study proposal were exploration of various business cases in the airport security domain, evaluation of the requirements for the associated applications and the ‘translation’ into a detailed investable business proposition.
- Identification of various potential business cases, based on the HEART concept, in the airport security domain. Product concepts have been identified in the areas of carry-on baggage, hold (checked-in) baggage, liquid/bottle screening, cargo screening and customs (baggage/parcels);
- Market research: An analysis of the airport security market, major players, segmentation, product pricing and key differentiators;
- Financial modelling, to determine the level of funding needed in various business scenarios;
- Elaboration of a detailed business plan.
Based on all research, we have identified that for the first product we should position HEART as a core module for hold baggage Explosive Detection Systems (EDS).