Los Angeles, CA - Growthink has been selected as a strategic investment banking partner for Holographics, Inc. In light of recent flight disasters and emergency landings, including the recent emergency landing of a Southwest Airlines flight in West Virginia and the crash in Iran that killed 168 passengers, Holographics believes that its unique patented technology could drastically improve safety within the aviation industry. The Company is actively seeking a strategic acquisition partner with the financial, technical, and marketing resources to take advantage of the technology.
Holographics' Non-Destructive Testing technology, the Remote Acoustic Doppler System ("RAID"), was improved with DARPA funding, but is the sole property of Holographics. RAID not only detects flaws in composites, metals and other manufactured materials, it is also able to create a comprehensive description of the area being tested, including characterization and size of any defect. The RAID system operates by generating a shock wave that impacts the target and its proprietary software analyzes the resulting resonant frequencies in order to determine whether a defect is present.
Unlike current technology used for testing, the RAID system identifies the exact location of each defect, the size of the defect, and the depth of it within each layer of the composite. The system has been employed to test NASA space shuttles and rocket engines, US Navy B2 aircrafts and helicopter blades, as well as various other tests for organizations such as Boeing, Honeywell, and the Royal Air Force.
The RAID technology could serve as a key preventative measure in many governmental and commercial aviation applications. The Southwest emergency landing in West Virginia was related to a football-sized hole in the aircraft fuselage. According to RAID's inventor, Dr. John Webster, "The hole in the fuselage was probably due to corrosion, alternatively a fractured frame member, or cracking. This is exactly the type of defect that RAID is excellent at detecting."
Growthink is currently acting as a financial advisor to Holographics and is pursuing a strategic acquisition partner on the company's behalf. Please contact Troy Centazzo at Growthink: (310) 846-5009.
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