MF Land Mine Detection Web

8/2/2019 MF Land Mine Detection Web

1/20

Feasibility Study

UF Landmine DetectionSystem


2/20

2

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


3/20

3


Potential Benefits

Improved probability of detection

Reduced rate of false positive

Increase rate of clearance

Optimize software for particular environmental conditions


4/20

4


UF Technology Status

Successfully tested in laboratory setting

Successfully demonstrated training strategy


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5


Train software to recognize mines infield conditions.

Train software to recognize mines infield conditions. Technology must be tested in realdemining environments.

Technology must be tested in realdemining environments.

Next Steps

NN TrainingField Testing

Incorporate Feedback

Next Steps

Incorporate feedback from personnelin the field to aid product adoption.

Incorporate feedback from personnelin the field to aid product adoption.

Code must be converted Code must be converted

Productize Technology


6/206Filename/RPS Number

The Landmine Problem


7/20 7


The Mine Problem


8/20 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
http://www.icbl.org/imagelibrary/Around_the_World/Africa/Angola/Mercedes_Sayagues_1999&img=


9/20 9


The Future

Despite global political

movements and treaties the

global landmine and UXO threat

is increasing

Child standing next to a mine. Colombia
http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=


10/20 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
http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=


11/20 11


Humanitarian Mine DetectionTechnologies

Maturity

Cost andComplexityLow High

Available

Far

MetalDetectors

Strong fit with marketcriteria

Medium fit with marketcriteria

Weak fit with marketcriteria

IR

Bio-sensor

GPR

NeutronActivationAnalysis

NuclearQuadrupleActivation

Market Analysis
http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=


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Global Military Expenditures andDemining Operations
http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=


13/2013


UN Humanitarian DeminingExpenditures

Ongoing Project Funds:
http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=


14/2014


The Proposed Strategy is centeredaround four cornerstones

Field TestField Test

ProductizeProductize

SellSell

LicenseLicense

Field test technology with common GPRsDetermine technological advantagesQuantify performance in varied field conditions

Ensure technology meets landmine detection GPR requirementsDevelop compatible and flexible softwareTest software integrated to commercial GPR

Sell firm to market insider

Licence software

(not immediately feasible but should be evaluated)
http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=


15/2015


SWOT AnalysisStrengths Built on mature GPR platform Allows for faster detection of mines Allows for significant reduction in falsepositives Allows for smaller demining teams resulting innet savings since the largest expense utilizingcurrent metal detection technologies is the costof labor.

Weakness

Remains untested in fieldOut of over 750 different types of mines,

currently only recognizes approx. 200 types

Opportunities A true understanding of field conditions can begained from visiting mined areas allowing forfield testing and adaptation based on user input. DOD is already funding GPR as a viabletechnology

ThreatsLoss of political will to continue fundingGPR may not be approved by UNGPR may not be adopted by commercial

contractors or local demining teamsAnother 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
http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=


16/20

16


Financial Analysis

Two Sets of Projections: Developers and Buyout Investors

Strategy and Time Horizon

Assumptions Drawn from Prior Research

2006 Geneva International Centres Guidebook on Detection Technologies

2002 European Union Cost-Benefits Study

Basic Assumptions: Market Share Units Sold

Price Development Costs

Capital Structure Labor

Whats in it For Investors?
http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=


17/20

17


Product Lifecycle

Sales Volume vs. Profit

-

555

,5555

,5555

,5555

5 5 5 5 5 55Year

Unit Sales

Net Profits

CASH FLOW PROJECTIONS MOST LIKELY SCENARIO
http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=


18/20

18


(in thousands) DEVELOPMENT PHASE P R O D U C T I O N P H A S E

FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014

Net Profits from Operations $ (1,078) $ (1,060) $ (1,267) $ 775 $ 1,086 $ 1,366 $ 1,481 $ 1,457

Total Uses of Cash 50 10 10 229 804 531 494 471

Sources of Cash:

Net Sale of Company $ (2,891)

Investor Capital Calls $ 2,000 $ 2,891 $ 109 $ - $ - $ -

Grants 500 500 500 - - - - -

Subtotal $ 2,500 $ 500 $ 500 $ 109 $ - $ - $ - $ -

Net Financing Activities 1,920 (480) (1,440) 1,440 - - - -

$ (144) $ (144) $ (144) $ (144) $ (144)

Net Sources/Uses of Cash 3,303 (1,038) (2,206) 1,962 149 702 855 854

Cash at Beginning of Period $ - $ 3,303 $ 2,265 $ 59 $ 2,021 $ 2,170 $ 2,872 $ 3,727

Cash at End of Period 3,303 2,265 59 2,021 2,170 2,872 3,727 4,581

CASH FLOW PROJECTIONS MOST LIKELY SCENARIO
http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=http://www.icbl.org/imagelibrary/Around_the_World/Americas/Colombia/Landmines&img=


19/20

19


Year 2

+$1,377k

+$785k

-$3.0 millionInitial Buyout

Year 1

t0

Year 5Year 3 Year 4+$1,097k

+$1,492k

+$1,470k

Peak in ProfitGrowth

First FiveYears

IRR 45%

Whats in itfor the Buyout Investors?

Whats in itfor the Developers?

EndofYear3Year

2

($2,000k)CapitalContributions

Year

1$2,891kProceedsfrom Saleof Firm

t0

45%ROI

Development Phase Production and Sales Phase
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Discussion
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MF Land Mine Detection Web

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Transcript of MF Land Mine Detection Web