A Midnight Call

When a retired Israeli Air Force general calls me up in the middle of the night and tells me there’s a company I should look into, I sit up and take notice. Privately owned Spider Technologies Security Ltd (http://www.spidertech-security.com/ ) has achieved a quantum leap forward in seismic based detection technology. It has pioneered a set of algorithms, code named “Tarantula,” that can analyze ground vibrations to create virtual fences along national borders, or around military bases and high value targets, like energy infrastructure. A portable version can be used by a squad of soldiers on the move to detect approaching enemies at night, on or under the ground, in all weather, and can tell the difference between a car, a man, or a mouse. Now this is where the story get’s interesting. Spidertech has just inked a joint marketing and production deal with NASDAQ listed RADA Electronic Industries (RADA), an established supplier of hardware and software for unmanned aerial vehicles (click here for their website at http://www.rada.com/). This gives Spidertech access to Rada’s rolodex of a who’s who in the international arms bazaar, and catapult the technology into the global limelight. Experts in the field tell me the potential market is in the billions. Of course the big fish is the US military, and the technology is already being field tested by the US Navy for Homeland Security. If you want to check out the details of this fascinating technology, go to the international arms publication Defense News at http://www.defensenews.com/story.php?i=4296898&c=FEA&s=TEC. In the meantime check out RADA’s stock, which has drifted up from 60 cents to $3 dollars since March. A few key orders and it could be off to the races. Israel has long blended advanced American technologies with its own to create better and cheaper weapons, which are then sold to emerging markets. The difficulty has always been to find a tradable instrument for outside equity investors. Here is your ticket.


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