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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