Geospace (GEOS) acquired Heartbeat Detector, a heartbeat detection security technology developed by the Department of Energy’s Oak Ridge National Laboratory. Effective July 31, Geospace acquired 100% of the outstanding shares from GeoVox Security, the company who first licensed and commercialized the technology from ORNL. Heartbeat Detector uses a proprietary algorithm developed by ORNL researchers to reveal individuals attempting to hide in vehicles at security checkpoints by detecting a beating heart. The Heartbeat Detector is a small, portable device that uses proprietary sensors to rapidly identify people hidden in vehicles. Domestically, the Heartbeat Detector is used by departments of corrections and prison systems.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GEOS:
