The Global Security Challenge (GSC), held at London Business School last month, has revealed its 2009 winners and awarded more than $500,000 in prizes.
Israel-based Adaptive Imaging Technologies has won the “Most Promising Startup Award” and was awarded a $100,000 cash grant provided by TSWG, US Department of Defense, plus mentorship from Mike Chalfen, General Partner at Advent Venture Partners.
The company has developed a new digital video technology for persistent surveillance. The core benefit is that a single device provides the same functionality as a large number of conventional wide-angle and telescopic cameras, nicknamed by the company as a “Panoramic Telescope”.
“AIT is looking to market its technology to border patrol agencies and municipalities who are looking to deploy surveillance cameras in public areas, especially at so-called “critical infrastructure” sites like nuclear power plants, pipelines, and the like”.
The product is still in stealth and is expected to launch in 2010.