14.09

Press release : Karsa Wins Prestigious Technology Incubation Competition

Helsinki, Finland. – September 14, 2018– Karsa Oy (“Karsa”), a Finnish technology firm, announced today it has won the Cargo Challenge Experience, a technology competition sponsored by Bedek Commercial Aviation, a division of Israel Aerospace Industries (IAI). Karsa will join Bedek’s HANGAR innovation accelerator lab and receive technical and commercial assistance to introduce Karsa’s ScentHound explosives and contraband detection platform to the global air cargo screening market.

Karsa’s ScentHound platform uses a proprietary version of Atmospheric Pressure Chemical Ionisation Mass Spectrometry.  Originally developed for atmospheric research, the technology is far more sensitive than other methods or technologies such as Ion Mobility detection, making it a more cost-effective explosives and contraband detection solution than other products.

“We are honored HANGAR and IAI have given us the opportunity to help air cargo companies improve security and reduce costs,” said Karsa CEO and co-founder H.J. Jost. “ScentHound accurately detects and identifies explosives and narcotics in cargo containers, without swab samples or opening cargo containers, packages or bags.  Combined with a lower false alarm rate than other technologies, ScentHound is ideal for important security screening applications.”

“Participating at HANGAR's program for 2018, will allow BEDEK and IAI to add value to customers, both airlines, air cargo shipping companies and enterprises to shorten lead-time at airports, reducing TAT (Turn Around Time) significantly,” says Zviya Baron, the director of HANGAR.

Karsa is preparing to certify the ScentHound platform to the forthcoming European Civil Aviation Commission (ECAC) Explosives Vapour Detection Standard.  The company believes by screening air cargo faster, it could save the European air cargo industry approximately €150 million per year, while improving security.

Karsa was one of only three firms chosen by Bedek, and the only non-Israeli firm selected.  Bedek’s HANGAR innovation laboratory is one of the few accelerators in its field, and the only one in Israel. IAI will make its premises available to allow its physical infrastructures and test aircraft worth tens of million dollars to be used. In addition, it will help in licensing of Karsa’s technology with the Civil Aviation Authority, accessing a fleet of international customers and more.

About Karsa Oy

Karsa Oy was founded in 2016 by a team of sampling and detection experts from the University of Helsinki, and with the support of the TEKES, the Finnish Agency for Innovation. For more information, please contact H.J. Jost, CEO, Karsa Oy at hj.jost@karsa.fi or visit www.karsa.fi.

Israel Aerospace Industries

IAI Ltd. is Israel’s largest aerospace and defense company and a globally recognized technology and innovation leader, specializing in developing and manufacturing advanced, state-of-the-art systems for air, space, sea, land, cyber and homeland security. Since 1953, the company has provided advanced technology solutions to government and commercial customers worldwide.  IAI also designs and manufactures business jets and aerostructures, performs overhaul and maintenance on commercial aircraft and converts passenger aircraft to refueling and cargo configurations. IAI is Israel's leading Aerospace company, with an annoual revenue of $4Bl.

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