This company specialises in developing infrared imaging devices for a variety of applications. Traditionally, these systems are fairly unsophisticated so that garden floodlights are triggered by wildlife, or automatic doors open needlessly for passers-by. IRISYS claims to have developed a more intelligent system that can be programmed to ignore false signals like trees waving in the wind. The firm’s designs have been used to monitor the flow of shoppers in a department store, to screen travellers for fever during the SARS outbreak, and to set up burglar alarms.
Founded in 1996 by a team from GEC, the Northamptonshire company has raised more than £8m from Pi Capital and private investors. Despite large losses, sales have grown 230% a year from £126,000 in 2000 to £1.4m in 2002, and IRISYS expects to break even in 2004.
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