TEL AVIV, Israel, February 16, 2016 – Lingacom Ltd., a developer and manufacturer of muon-based detection solutions, announced today that it has been awarded a 1 million Euro contract by the European Commission’s prestigious Horizon 2020 SME Instrument for the development of an advanced vehicle scanning solution.
Lingacom’s technology is based on high-energy natural atmospheric cosmic ray muon particles, which have the highest known penetration levels on earth and are capable of penetrating and exiting all attenuating cargo and vehicles. Through the harnessing of these muon particles, Lingacom is offering a green, passive detection solution designed to meet the global security requirements associated with nuclear and radioactive detection. Lingacom’s unique approach to product design makes the company’s technology complementary with existing inspection systems that deploy high-energy x-rays and radiation portal monitors.
“This new contract will enable Lingacom to support the European Commission’s objective to protect sensitive sites and critical infrastructure from transported nuclear and radioactive threats,” said Lingacom CEO, David Yaish.
The SME (Small and Medium-Sized Enterprises) Instrument is a dedicated funding mechanism within the framework of the Horizon 2020 Research and Innovation Program that supports innovative SMEs throughout Europe and associated countries. By filling the funding gaps within emerging technology businesses, the SME Instrument is able to accelerate the development of novel solutions that address key regional and global challenges. Working with Lingacom in this instrument is ISERD, the Israeli government organization that supports Israeli entities’ participation in R&D ventures within the European Research programs.
“By gaining recognition from the European Commission, Lingacom will be able to drastically increase the pace by which it can attend to Europe’s growing challenges related to nuclear and radioactive terrorism,” said Lingacom investor Brian Rosenzweig, a Managing Partner of JANVEST Capital Partners.
About Lingacom Ltd
Lingacom is a privately held company located in Tel Aviv, Israel. Lingacom Ltd. is a developer and manufacturer of muon-based detection solutions for homeland security, mining exploration, archaeological, industrial and civil engineering industries. Lingacom tomography capabilities far exceed what is currently available on the market by combining cosmic particles an in-house expertise of high spatial resolution detectors and tomography algorithms.