Kromek and Adaptive Imaging Technologies Win the 4th Annual Global Security Challenge 2009

US$500,000 awarded to the most promising security start-ups in the world at the GSC Security Summit 2009
 
 
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Nov. 19, 2009 - PRLog -- Kromek (UK) and Adaptive Imaging Technologies (Israel) have been awarded $400,000 and $100,000 respectively, as the winners of the Global Security Challenge competition 2009.  The security companies, who were chosen out of hundreds of worldwide entries, pitched their inventions at the GSC Security Summit conference held at London Business School.  The winners were chosen by expert Judging Committees, including leaders from Accenture, BAE Systems, Barclays, the US Department of Defense and Paladin Capital Group.  

The winners of the Global Security Challenge are:

Best Security SME
Kromek has developed a product family that ranges from systems which can non-invasively identify liquids in containers of any type, right through to advanced technology explosive detection systems.  The two technologies highlighted at the Global Security Challenge were a threat liquid identification system (bottle scanner) which can deal with individual containers and a unit for screening multiple containers in a 311 bag configuration, or indeed other small objects.  (www.kromek.com)

Most Promising Security Start-up
Adaptive Imaging Technologies has developed a new digital video technology for persistent surveillance. The Adaptive technology provides breakthrough improvement in both cost and performance.  The core benefit is that a single device provides the same functionality as a large number of conventional wide-angle and telescopic cameras. In other words, systems that require numerous high-end cameras today are able to use a single Adaptive camera instead.  

Robert Hannigan, the Security Adviser to the Prime Minister and Head of Security Intelligence and Resilience, provided the keynote speech at the GSC Security Summit.  He commented:   "The kind of creativity, innovation and drive on display at the GSC Security Summit is the key to keeping ahead in the technological race with terrorists and others who want to harm our citizens.”

Prior to the London grand final , the twelve finalists successfully made it through two rounds of judging, including regional finals held during September and October in Brussels, Athens, Washington DC, Chicago, Silicon Valley and Singapore.  The other ten finalists have developed new technologies including:

-   The detection of explosive devices concealed under clothing on humans.
-   A technology to detect concealed information in the brain.
-   Software that can detect aberrant behaviour and suspicious objects in crowded places.
-   A digital signature solution.
-   A blast-mitigation textile.  

The founders of the Global Security Challenge (GSC), Simon Schneider and Janeen Chupa, commented in a joint statement:  “We are proud of all the contenders in this year’s GSC.  After multiple judging rounds, our independent panel of judges chose Kromek and Adaptive Imaging Technologies from amongst the hundreds of applicants as the winners of the Global Security Challenge. We expect these companies to significantly add to the discussion of security innovation and to become new success story.  The GSC is an effective launching pad for security technologies as top contenders have acquired over $57 million in new funding after participating.”

Other awards announced at the GSC Security Summit included:

-   The Most Promising Security Idea was awarded to Remedium Technologies (USA).  Remedium Technologies has developed advanced hemostatic and tissue sealant material.  They win a $10,000 cash grant, sponsored by Accenture, plus mentorship.  (www.remediumtechnologies.com).

-   The Cyber Security Challenge was awarded to Ksplice (USA).  Ksplice have produced innovative software that delivers security updates without a reboot.  Runners-up of this award were ExactTrak (UK) and SCIT Labs (USA).  The finalists share £9,000, sponsored by BAE Systems.    (www.ksplice.com)

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The Global Security Challenge is a forum for innovators, start-ups and investors. It is a valuable launching pad for security innovation and each year over $500,000 is awarded in its competitions to entrepreneurs within the security technology field.
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