Their machines are supposed to analyze the chemical signatures of any substance, so you can program them not just to find explosives but also narcotics or any other substances the authorities want to intercept.
posted
Up .10 today. Very nice. Chart looks good. I'd wait for a drop. Looks like a gap there and after a 3 day run (on good news)not sure I'd jump in yet, I'll keep an eye on it.
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posted
They have a suit-case sized detector, which SEPTA (Philly transportation: subways, buses, etc) is currently testing. They also have vehicle-borne systems that the US Army has purchased, and a robot-borne system working for the US Army.
Oh, did I mention they don't have any competition to speak of?
A lot of their future is in SEPTA's hands, if SEPTA likes it I think there will be a lot of orders coming in from around the country. I see a big upside - the downside is the 2.5% test failure rate, which is apparently still lower than their competition, which only detect specific substances and thus have much less flexibility.
There are other "bomb-sniffers" on the market today, but nothing using their "Stoichiometric" chemical-analysis system. So no one is making comparable machines.
From what I read, HIET's machines have a 97.5% success rate (2.5% failure rate).
Competitors machines seem to be based on a "sniffer" type system that measures particles in the air. HIET's works more like an x-ray that looks through objects and analyzes their chemical makeup.
I'm no expert, that's just my take on the PRs I've read. Sorry for any confusion.
posted
Did anyone see the news today? The CEO talks about what separates their product from the "competition" machines.
From the interview...
[ As to what sets HiEnergy's products apart, Dr. Maglich states, "It's the technology. It is the fact that we can tell what the object is, rather than merely that there is a suspicious subject...rather than merely triggering an alarm...We use the most recent scientific knowledge about particle radiation using neutrons and gamma rays to decipher the chemical formula of hidden objects 'without opening,' that is without going to the lab, non-invasively, and instantly display the sign 'this is explosive' or 'this is not explosive'." ]
This is exactly what I like about this stock. If you run an airport, or a customs checkpoint, wouldn't you rather have a machine that says "this briefcase could explode" or "this briefcase is cocaine" rather than just beeping at you? Today, one of your people has to inspect that briefcase/suitcase/etc. to see if it's drugs or if it's something that could explode and kill people when tampered with.
I see all kinds of upside - so long as SEPTA gives it a good report card. Anyone else watching still, or in this?
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