It is developing technology to develop gun detection.  Until they get real traction and concrete revenues, it is still speculative.    He would prefer to pay more for the stock once it has proven things up.  

He needs to see them execute. They use microwave techonolgy to detect weapons. Can they mass-produce this? Can they get it to work properly? If so, then we can see their tech everywhere, including shopping malls and schools. He needs to see those sales. Owns a small starter position.

He says this is a company they just participated in a financing with and they do have a small holding.  He says they need final licensing before they can draw down their backlog of sales – he expects this in the second-half of the year.  As this defence technology gets adopted, he thinks this will make the company a take-out target by a big player.      

If you are walking into a casino, they can screen you to make sure you don’t have weapons.  You don’t see the device.  It could be used in malls.  He does not know the operations or revenues or what the ramp up will be. 

A game changer. There is one very large British company with a similar process, but much bigger installations. This is the only one that has the right size for discrete covert use.