Optosecurity and Smiths Detection MOU Announced

Quebec, 28 October, 2013 - Optosecurity and Smiths Detection have signed a Memorandum of Understanding (MOU) towards developing and distributing an advanced Checkpoint Enterprise Software Solution that improves the overall performance and further cuts operational costs of security checkpoints.

The MOU allows Smiths Detection and Optosecurity to begin further negotiations aimed at reaching a formal agreement. This is the second such arrangement between the two companies, following a cooperation agreement initiated last year for Optoscreener, a detection software that when combined with Smiths Detection checkpoint X-ray systems enables the detection of liquid explosives.

“We are very pleased to be working with Smiths Detection, a global leader in checkpoint technologies. Together we have the opportunity to bring a business solution to our customers that will positively transform the economics of delivering security screening. Our combined technologies will enable checkpoint efficiencies that increase passenger throughput and lower operating costs, all while maintaining today’s stringent security requirements.”

said Eric Bergeron, President and CEO of Optosecurity.

About Optosecurity - Optosecurity provides operational efficiency and threat detection solutions for checkpoint security in airports and other critical infrastructure environments. Optosecurity is the first in the world to enable centralized remote screening of hand luggage and provides threat detection software that enables the automated detection of liquid explosives and other threats. Optosecurity solutions are certified by the European Civil Aviation Conference as well as other regulating entities. Founded in 2003 and headquartered in Quebec, Canada, Optosecurity is a technology spin-off from Canada’s National Optics Institute, a world-class center of expertise in optics and photonics.

About Smiths Detection - Smiths Detection offers advanced security solutions in civil and military markets worldwide, developing and manufacturing government-regulated technology products that help detect and identify explosives, chemical and biological agents, radiological and nuclear threats, weapons, narcotics and contraband. It is part of Smiths Group, a global leader in applying integrated, advanced technologies to markets in threat and contraband detection, energy, medical devices, communications and engineered components. Smiths Group employs around 23,000 people in more than 50 countries.