LT Security receives £30K investment boost for surveillance system
Malvern-based tech security firm, LT Security, has received £30,000 from the Midlands Engine Investment Fund (MEIF).
The company has developed a surveillance system which uses radar, cameras and a mobile tower to track movements within a 400-metre radius. The firm is to use the funding to further invest in R&D and recruitment.
The firm’s system ‘STL Leviathan’ has a number of applications including border protection and surveillance in difficult and dangerous areas.
David Beech, managing director at LT Security, said: “The STL Leviathan uses radar-driven pan and tilt cameras to track multiple objects. If it detects something, an alert is sent via 3G, 4G or 5G to a central station, where the necessary security personnel can be dispatched to deal with the security threat. Our aim was to make protecting vulnerable areas safer by using technology instead of putting lives at risk.
“Securing a loan of £30,000 enabled us to research and install solar technology on our tower which means it is a practical solution in remote areas and is completely environmentally sustainable – reducing carbon output by several hundreds of tonnes. It has also allowed us to employ young people and help them develop vital skills in electronics, engineering and business acumen. We have also been able to attend an exhibition that has generated a healthy sales pipeline of £1.7 million.”
LT Security secured MEIF funding from BCRS Business Loans.
Angie Preece, senior business development manager at BCRS Business Loans, said: “The Mobile Surveillance CCTV Tower is an exciting product that is going to save lives and protect the environment, so we were delighted to be able to offer the funding David needed to develop this product further. We believe that no viable business should go unsupported.
“LT Security has a very bright future ahead under the experienced leadership of David. As a lender of impact, we are really pleased to see that jobs have been created to develop skills for the next generation.”