Digital Barriers PLC Announces Acquisition Of ThruVision Systems Ltd

Digital Barriers PLC announced the acquisition of the assets, intellectual property and customer contracts of ThruVision Systems Ltd (ThruVision) (Acquisition). Based in Didcot, ThruVision designs and manufactures standoff passive TeraHertz screening products that can detect objects under a person's clothes, such as weapons, explosives or smuggled contraband. Under the terms of the Acquisition, Digital Barriers will acquire the assets, intellectual property and customer contracts of ThruVision for total consideration of GBP950,000 in cash, payable upon completion of the Acquisition.