
Monday, September 21, 2009
Reveal Imaging lands $30M order, courtesy of ARRA stimulus funding
By Mass High Tech staff
Bedford-based airport security equipment maker Reveal Imaging Technologies Inc. has pulled in a $30 million deal to provide its CT-80 DR explosives detection systems to the U.S. Transportation Security Administration (TSA), as part of the national stimulus funding package.
Reveal Imaging will deliver the detection systems, funded by the American Recovery and Reinvestment Act of 2009, over the next year. As a result, the Department of Homeland Security will be able to provide more airports with security equipment. A release from the company indicates that new jobs will be added at Reveal Imaging, though no further details are provided.
The explosives detection system are designed to give TSA employees on-screen viewing of baggage screening.
Formed in the wake of the Sept. 11 attacks in 2001, Reveal has carved a niche in bringing smaller baggage-screening technology to the aviation industry, which is required to inspect every package and bag going onto an airplane. The company started shipping products in 2005 and has installed 200 units worldwide -- with 70 in U.S. airports. It raised $20.1 million in funding in March 2008 from 15 investors listed in a regulatory filing, including previous backers General Catalyst of Cambridge, Flybridge Capital Partners of Boston (formerly IDG Ventures Boston) and Greylock Partners of Waltham. Reveal also added a new investor, Brown Brothers Harriman of Boston.
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