The #AIEYE: #AI Bolstering #Security through Weapon Detection; (CSE: $VSBY.C) (TSXV: $PAT.V) (NASDAQ: $SSTI)
Point Roberts WA, April 8, 2019 - Investorideas.com, a global investor news source covering Artificial Intelligence issues a special edition of The AI Eye, looking at the intersection of AI and Security.
In the increasingly digitized world, security is more and more of a pervasive threat to both private and public safety. In response, many companies are leveraging artificial intelligence technology to keep threats in check via surveillance monitoring and weapons detection. A report from Markets and Markets for instance, finds that global AI in the security market is projected to grow from $2.99 billion in 2016 to $34.81 billion in 2025 with a compound annual growth rate (CAGR) of 31.38 percent in the forecast period.
A recent article from Zacks.com, looking at AI in defense and police surveillance, outlined how global tech leader Google employed AI technology in its Maven drone project, established in 2017. Maven analyzes the copious amount of footage gathered by US drones by utilizing Google's TensorFlow AI technology and machine learning APIs.
VSBLTY Groupe Technologies Corp. (CSE:VSBY) (Frankfurt 5VS) is a company that uses machine learning and computer vision to provide facial recognition and weapon detection capabilities. Recently joining the tech company portfolio of security firm Muller Group International (MGI), VSBLTY has extended its range to untapped markets.
Read this in full at https://www.investorideas.com/news/2019/defense/04081Stocks-WeaponDetection.asp
VSBLTY Co-Founder and CEO Jay Hutton said:
"With more and more so-called soft targets being attacked around the world, heightened security is needed virtually everywhere. In most instances, our face-on cameras provide better facial recognition than overhead CCTV cameras to enable faster, professional security responses to threats. With this partnership with MGI we are advancing the increasingly important ability to provide security where it has never been available before.”
Patriot One Technologies Inc. (TSXV:PAT) (OTCQX: PTOTF), developer of the award-winning PATSCAN covert weapon detection system, last year acquired AI-powered safety and surveillance company EhEye Inc. Regarding the acquisition, Patriot One CEO and President, Martin Cronin explained how EhEye’s video threat recognition software was a perfect fit for the company.
“Their award-winning threat recognition software will integrate into our client’s existing video camera networks offering a first line of defense to detect active shooters or terrorists approaching a venue with weapons drawn. It will also offer an additional layer of detection inside buildings to track threats and even identify irregular disturbances or physical altercations between individuals.”
An ACM (Association for Computing Machinery) article from earlier this year indicates how Patriot One addresses the problem of weapon detection through “a microwave radar scanner driven by artificial intelligence (AI) that can detect hidden weapons, along with a video surveillance component.” An excerpt from the article explains the technology:
“The Patriot One system works by beaming radio waves at individuals, which bounce off any guns concealed beneath their clothing or stashed in backpacks or other luggage. The system processes the radio waves that bounce back from an individual with AI software trained to recognize what a radio wave bouncing off a hidden gun. The system also incorporates AI video surveillance software component, which has been trained to identify guns in plain sight of video cameras.”
Elsewhere, precision-policing solutions provider ShotSpotter, Inc. (NasdaqCM:SSTI) detected over 107,000 gunfire incidents across the US in 2018. The company’s machine learning based classification system leverages the world’s largest audio database of gunshots and sounds that are similar to gunshots. Ralph Clark, president and CEO of ShotSpotter explains:
“ShotSpotter is in a unique position to track, analyze and share this comprehensive gunfire incident data to help cities across the country in their efforts to prevent and deter gun violence.”
In late 2018, ShotSpotter acquired HunchLab Technology, equipping its ShotSpotter Missions platform with AI-driven analysis capabilities that enhance predictive policing. William J. Bratton, former NYPD and LAPD Commissioner and current ShotSpotter Board Member commented:
“Precision-policing products represent a new era in law enforcement that will provide more specific and objective data to help prevent crime. I’ve seen the evolution of intelligence-based tools over the years and I think the combination of HunchLab with ShotSpotter will accelerate the maturation of the category and result in even greater value to police departments.”
So, with the ongoing threat of global terrorism or instances of simple armed robbery, weapons-based threats remain a constant risk for security systems and public safety around the world. And as with its penetration of many other industry verticals, AI is being leveraged in a variety of ways to keep those threats in check.
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