Elbit unveils new security technology at Tel Aviv cyber conference
Company reports net profit of $63.4m in third quarter, an increase of $13.7m over same period last year
Luke Tress is The Times of Israel's New York correspondent.
Israeli defense technology company Elbit Systems presented new virtual reality and ground surveillance security systems at the Homeland Security and Cyber Conference in Tel Aviv this week.
The company’s Emergency Scenarios Virtual Reality Trainer simulates disaster situations, including missile attacks and earthquakes. The system, which features virtual reality goggles, can be used to train emergency response teams by realistically simulating an emergency environment. The program can be used by civilian and military home front forces.
It will be added to Elbit’s Incident Command Team Training System, which is used to prepare Israeli military and municipal teams for emergency situations.
The company also unveiled a new ground surveillance system at the conference. The technology, called GroundEye, provides security personnel with data and high resolution imagery for use in intelligence gathering. The system can deliver real time information to a large number of users, and allows them to look back at previous alerts if needed. It can be used to monitor and respond to crises such as border threats and mass shootings.
The system employs cameras and front-end electronics enclosed in a panoramic, mounted sensor head. It can stand alone or be used with existing surveillance systems.
Users can zoom into and maneuver between multiple areas of interest, providing security forces with information on events occurring in different areas at the same time. GroundEye can alert operators to specific or unusual events in designated zones, allowing them to locate and identify potential threats.
On Thursday, Elbit reported a third quarter net profit of $63.4 million, an increase of $13.7 million over the company’s third quarter profits in 2015. This year’s third quarter revenues rose to $780.8 million, compared to $764.8 million in the same quarter last year.
The 4th Homeland Security and Cyber Conference took place in Tel Aviv this week. Elbit, Israel Aerospace Industries, Check Point and 160 other companies took part, along with 1,700 representatives of security organizations from abroad. Internal security ministers, mayors, police commanders and members of intelligence agencies and anti-terror units also participated.
There are more than 500 homeland security companies in Israel, and security exports are estimated to be around $7.5 billion per year, according to data provided by the Ministry of Economy and Industry.
Elbit Systems develops a range of defense, homeland security and commercial programs throughout the world, operating the field of aerospace, land and naval systems, unmanned aircraft systems, and advanced electro-optic products, among others.
