TT Electronics, a global provider of engineered electronics for performance critical applications, announced that it has been working with British start-up iAbra, and its partners (including Intel) to design, develop, and test the prototype Virolens system. The goal is to specify and design the manufacturing processes for its commercial launch.
The Virolens system, which provides test results for COVID-19 in 20 seconds has been launched today, following successful trials at London Heathrow Airport over recent weeks.
The Virolens COVID-19 screening device uses microscopic holographic imaging and artificial intelligence (AI) software technology to detect the presence of the COVID-19 virus from a non-intrusive saliva swab test within 20 seconds.
The device does not need to be administered by healthcare professionals and is expected to be used in airports, offices, sports venues, and many other locations where people need to be in close proximity to each other.
“I am proud that we are a core part of the team behind the ground-breaking Virolens program,” said Richard Tyson, CEO of TT Electronics. “This project is evidence of the success of our strategy to position the business in higher technology, structural growth markets, using our engineering expertise to develop products in collaboration with our customers.”
TT has been appointed exclusive manufacturing partner for the commercial launch of Virolens, which incorporates several TT proprietary products. Working in collaboration with iAbra and the global supply chain, TT has successfully taken the product from concept to production in just 14 weeks.
TT will manufacture Virolens at its Hartlepool, UK facility, part of its Power and Connectivity division, for this launch phase, creating a number of new jobs and opportunities for the site and the local economy. Initial orders for devices and testing cartridges which will be delivered to potential launch customers in September and October 2020 total a value of circa £2 million, and opportunity from expressions of interest could reach £280 million in the next 12 months.
This additional revenue is dependent on iAbra’s end customers converting their expressions of interest into firm orders and subject to Virolens® meeting regulatory authority requirements. Delivery of these further orders could commence in Q4 2020 and would continue into 2021.
“Virolens has the potential to be a major step forward in dealing with the impact of the COVID-19 pandemic, by allowing safer access to places of work, transport, and events,” added Tyson. “This program also has the potential to deliver a step change in TT’s organic growth and to accelerate the achievement of our target operating margins. Assuming the launch is successful, there are significant opportunities around the world for further orders.”
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