QRSciences Finds Revenue and Market Opportunity for Shoe Scanner

In additiona to QRSciences' (ASX: QRS) (PNK: QRSNY) exposure to the Clear(R) Registered Traveller program in the U.S., via the GE ShoeScanner, the company wishes to provide some guidance as to the potential size of the target market for the ShoeScanner product.

There are approximately 2000 airport checkpoint lanes in the U.S. and an estimated 5000 worldwide. Up to 1000 Registered Traveller lanes could be established at U.S. airports alone.

In addition to airport checkpoints, QRSciences estimate that the total addressable market for ShoeScanner devices worldwide is between 50,000-75,000. Non-aviation applications include rail, subway and light rail, border crossings, courthouses, prisons, government buildings including embassies, in addition to military and other security applications geared to protect critical infrastructure.

QRSciences is highly encouraged by the breakthrough that General Electric Security (GE Security) has had with its ShoeScanner device. The GE ShoeScanner uses patented Quadrupole Resonance (QR) technology owned by QRS. Sales of the GE ShoeScanner will generate significant royalty income for QRS going forward.

QRSciences expects to earn a royalty in the range of $3,000 to $4,000 per unit on the GE ShoeScanner product, in addition to having the ability to build its own competing product under the cross-licence agreement with GE Security.

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