Weapon detector firm guns for Cambridge crowdfunding cash
Cambridge-based angel equity pioneer SyndicateRoom is inviting investors to back new weapons screening technology that can detect if someone is concealing a gun, knife, bomb or improvised explosive device – including 3D printed guns – from a safe distance.
US-owned Radio Physics Solutions, which has two operations in the UK, aims to make the world a safer place by curbing gun crime and terror threats with its innovative weapons detection systems and software.
Clive Robinson of the US National Ballistics Intelligence Service describes the Radio Physics Solutions system as: “The first viable and operational standoff detector we have seen.”
Radio Physics Solutions, currently valued at almost £8 million, wants to raise £500,000 for an equity stake of 5.9 per cent. With shares priced at £24 each, the offer is open to anyone for a minimum £1000 investment. The company predicts an ultimate exit value that could deliver a robust return on investment.
The investment will enable Radio Physics Solutions to accelerate growth in the rapidly expanding security sector, specifically the threat detection market, which was valued at £2.5 billion in 2014. With an order book exceeding £650,000 company revenues are expected to rise significantly.
Radio Physics Solutions is already delivering products to early adopters in parts of the world that face the most urgent security challenges. It is also working with multiple US government agencies and expects to secure Department of Defense funding to help with further military-grade product development.
Radio Physics Solutions’ intellectual property and competitive advantages are protected by five patent families. Building on this, the company also has a strong research-led pipeline of products that will meet growing demand from government defence departments, law enforcement agencies and private security companies.
The investor leading this round is Enrique Posner, an experienced technology entrepreneur. He said: “I look for companies that are trying to bring to market a product that requires considerable scientific accomplishment, strong patent protection, good management, trustworthiness and a truly differentiated product.
“The trend towards enhanced security needs will grow substantially and Radio Physics Solutions has a unique product offering that is sorely needed in the security market.”
The SyndicateRoom funding round for Radio Physics Solutions will close at midnight on Sunday July 19 – details at: www.syndicateroom.com/RPS