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News

Funding for radiation disbursement bomb detection.

Vidiation : 29 October, 2007  (Company News)
Vidiation engages management consultants to secure funding for marketing dirty bomb detection technology.
Vidiation has engaged Cyrus Strategies, a Bethesda based Management Consulting firm, to help secure up to $4M in equity funding to bring its product to market.

The company developed a new, proprietary subscription-based software application, Vidiation -- Radiation Analytics Detection System (V-RADS). V-RADS uses information generated when high-energy gamma rays and particles interact with the image sensors of video surveillance cameras; a series of complex algorithms and expert system analyze data and identify radiation that may pose a security threat. The software has succeeded in every aspect of the R&D process, including multiple rounds of independent testing and validation at Memorial Sloan-Kettering Cancer Institute and at Department of Energy's Oak Ridge National Labratory. Vidiation recently announced a grant from the Department of Homeland Security; the National Academies of Science awarded an earlier grant.

Vidiation debuted V-RADS at ASIS International (American Society for Industrial Security) in Las Vegas this past September. It was so well received, both prior to and at the show, the company has already signed up distributors and clients. According to Frank O'Connor, president and CEO, Vidiation, "Now the challenge is to quickly raise enough capital to deploy the software across a wide range of homeland security applications.

"We chose Cyrus Strategies for its presence in Washington and for the long history of success principal Rob Rubin has had in the Federal Security sector," said Mr O'Connor. "Rob immediately saw the value of V-RADS in protecting the country against the 'dirty bomb' terrorism threat."
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