RCS - Thruvision Group PLC - Thruvision partners with Sensormatic Solutions

ThruvisionAnnouncement

30/05/2024 07:00

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RNS Number : 3314Q  Thruvision Group PLC  30 May 2024

30 May 2024

Thruvision Group plc

 

Thruvision partners with Sensormatic Solutions to provide next generation

of walk-through people security screening technology

to leading retailers around the world

 

Thruvision (AIM: THRU, "Thruvision" or the "Group"), the leading international
provider of walk-through security technology, has announced its partnership
with Sensormatic Solutions, the leading global retail solutions company owned
by Johnson Controls Inc. (NYSE: JCI).

 

Sensormatic will offer Thruvision's WalkTHRU security technology to its
existing loss prevention solutions portfolio, making it available to the many
leading retailers around the world it counts as customers.

 

Craig Szklany, Vice President of Loss Prevention and Inventory Intelligence,
Sensormatic Solutions, commented:

 

"Helping retailers overcome their most pressing obstacles is the driving force
behind all of our decisions - both when it comes to new solutions and
strategic partnerships. We were impressed with Thruvision's innovation and
creative approach to addressing a tricky problem, and appreciated their focus
on safety and respect in the people screening process.

 

"I am confident that this partnership will allow us to help retailers protect
their distribution centers, headquarters and more, with as much precision as
they do their sales floors, while improving customer and employee
experiences."

 

Colin Evans, Chief Executive of Thruvision, commented:

 

"The discussion about retail theft often focuses on shoplifting, but internal
theft is a growing problem. According to research we conducted with Retail
Economics (published in November 2023), 40% of the total value of theft is
attributable to employees.

 

"Sensormatic Solutions' extensive retail expertise, global footprint and
proven record of delivering cutting-edge loss prevention solutions made it a
natural fit for helping us reach more retailers in need of our technology. We
look forward to working alongside Sensormatic to help retailers address this
fast growing driver of shrink."

 

For further information please contact:

 

Thruvision Group plc
 
+44 (0)1235 425400

Colin Evans, Chief Executive

Victoria Balchin, Chief Financial Officer

 

Investec Investment Banking (NOMAD &
Broker)
+44 (0)20 7597 5970

Patrick Robb / James Rudd

 

Meare
Consulting
+44 (0) 7990 858548

Adrian Duffield

 

 

About Thruvision (www.thruvision.com)

 

Thruvision is the leading developer, manufacturer and supplier of walk-through
security technology. Its technology is deployed in more than 20 countries
around the world by government and commercial organisations in a wide range of
security situations, where large numbers of people need to be screened
quickly, safely and efficiently. Thruvision's patented technology is uniquely
capable of detecting concealed objects in real time using an advanced AI-based
detection algorithm. The Group's offices are near Oxford and Washington DC.

 

About Johnson Controls

 

At Johnson Controls (NYSE:JCI), we transform the environments where people
live, work, learn and play. As the global leader in smart, healthy and
sustainable buildings, our mission is to reimagine the performance of
buildings to serve people, places and the planet.

 

Building on a proud history of nearly 140 years of innovation, we deliver the
blueprint of the future for industries such as healthcare, schools, data
centers, airports, stadiums, manufacturing and beyond through OpenBlue, our
comprehensive digital offering.

 

Today, with a global team of 100,000 experts in more than 150 countries,
Johnson Controls offers the world`s largest portfolio of building technology
and software as well as service solutions from some of the most trusted names
in the industry.

 

Visit www.johnsoncontrols.com (http://www.johnsoncontrols.com) for more
information and follow @Johnson Controls on social

platforms.

 

About Sensormatic Solutions

 

Sensormatic Solutions is the leading global retail solutions portfolio of
Johnson Controls powering operational excellence at scale and enabling smart
and connected shopper engagement. Our intelligent digital operating platform -
Sensormatic IQ - combines the full Sensormatic Solutions portfolio, including
third-party data to deliver unmatched insights into shopper experience,
inventory intelligence, loss prevention and operational effectiveness with
advanced technologies, like AI and Machine Learning. This enables retailers to
act on prescriptive and predictive data-driven outcomes to confidently move
into the future.

 

Please visit Sensormatic Solutions (https://www.sensormatic.com/)  or follow
us on LinkedIn (https://www.linkedin.com/company/sensormatic) , X
(https://twitter.com/sensormatic) and our YouTube channel
(https://www.youtube.com/c/sensormaticsolutions) .

 

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