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Feasibility Study

Feasibility Study. UF Landmine Detection System. UF Mine Detection Technology. What does it do? Identifies landmines based on GPR image What is it? Neural network classifier GPR signal pre-processing and pos-processing Neural network training method. Potential Benefits.

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Feasibility Study

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  1. Feasibility Study UF Landmine Detection System

  2. UF Mine Detection Technology • What does it do? • Identifies landmines based on GPR image • What is it? • Neural network classifier • GPR signal pre-processing and pos-processing • Neural network training method

  3. Potential Benefits • Improved probability of detection • Reduced rate of false positive • Increase rate of clearance • Optimize software for particular environmental conditions

  4. UF Technology Status • Successfully tested in laboratory setting • Successfully demonstrated training strategy

  5. Next Steps • Technology must be tested in real demining environments. • Train software to recognize mines in field conditions. Next Steps Field Testing NN Training Incorporate Feedback Productize Technology • Incorporate feedback from personnel in the field to aid product adoption. • Code must be converted

  6. The Landmine Problem Filename/RPS Number

  7. The Mine Problem

  8. Geopolitical • Landmines kill and maim long after the war is over • 90% of those killed are civilians • It costs ~$3 to place a mine • It costs $300 to $1000 to detect it and remove it • ~20,000 people are killed each year

  9. Child standing next to a mine. Colombia The Future • Despite global political movements and treaties the global landmine and UXO threat is increasing

  10. Technology Hurdles • High cost of clearance • Traditional technology is low cost but labor intensive • 100% detection is required to declare an area clear • Slow process • Detection • False Alarms

  11. Humanitarian Mine Detection Technologies Nuclear Quadruple Activation Far Strong fit with market criteria Bio-sensor Medium fit with market criteria Weak fit with market criteria IR Maturity Neutron Activation Analysis GPR Metal Detectors Available Cost and Complexity Low High Market Analysis

  12. Global Military Expenditures and Demining Operations

  13. UN Humanitarian Demining Expenditures • Ongoing Project Funds:

  14. The Proposed Strategy is centered around four cornerstones • Field test technology with common GPRs • Determine technological advantages • Quantify performance in varied field conditions Field Test • Ensure technology meets landmine detection GPR requirements • Develop compatible and flexible software • Test software integrated to commercial GPR Productize Sell • Sell firm to market insider License • Licence software (not immediately feasible but should be evaluated)

  15. Strengths • Built on mature GPR platform • Allows for faster detection of mines • Allows for significant reduction in false positives • Allows for smaller demining teams resulting in net savings since the largest expense utilizing current metal detection technologies is the cost of labor. • Weakness • Remains untested in field • Out of over 750 different types of mines, currently only recognizes approx. 200 types • Threats • Loss of political will to continue funding • GPR may not be approved by UN • GPR may not be adopted by commercial contractors or local demining teams • Another technology may become dominate in the market in the time it takes to field test and refine the product. • Trend in the market is moving towards multi-sensor systems • Opportunities • A true understanding of field conditions can be gained from visiting mined areas allowing for field testing and adaptation based on user input. • DOD is already funding GPR as a viable technology SWOT Analysis

  16. Financial Analysis What’s in it For Investors? • Two Sets of Projections: Developers and Buyout Investors • Strategy and Time Horizon • Assumptions Drawn from Prior Research • 2006 Geneva International Centre’s Guidebook on Detection Technologies • 2002 European Union Cost-Benefits Study • Basic Assumptions: Market Share Units Sold Price Development Costs Capital Structure Labor

  17. CASH FLOW PROJECTIONS MOST LIKELY SCENARIO

  18. Peak in Profit Growth +$1,470k End of Year 3 +$1,492k t0 Year 1 Year 1 Year 2 Year 2 $2,891k Proceeds from Sale of Firm t0 +$1,377k +$1,097k Year 3 Year 4 Year 5 +$785k ($2,000k) Capital Contributions First Five Years IRR 45% -$3.0 million Initial Buyout What’s in it for the Developers? What’s in it for the Buyout Investors? Development Phase Production and Sales Phase 45% ROI

  19. Discussion

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