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ABOUT PURETECH SYSTEMS INC.

Founded in March 2005, PureTech is an Arizona based computer vision software company that develops and markets its patented PureActiv video analytics surveillance software product, which is used for perimeter protection of critical facilities and infrastructure. Current customers include large deployments in many seaports, airports, utilities, military bases, and railroads.

PureTech’s novel and differentiating technology includes its patented video content analysis software which leverages geospatial information to 1) geo-locate targets of interest and 2) derive critical target features such as their real size, direction, and velocity, among others. The result is improved situational awareness through the use of Google-like maps user-interface to pinpoint the location and tracks of targets and greater detection accuracy including higher probabilities of detection with lower nuisance alarm rates. In addition to use in real-time detection and alerting, information extracted from the video content analysis can be used to aid incident investigation, analyze trends, and correlate events.

PureTech’s patented technology is applicable for use on fixed and mobile platforms including Unmanned Aerial and Marine Vehicles. Additionally, the technology is applicable to big data image searching to extract and save metadata reflective of the video content. Additional markets that leverage video content analysis include intelligence agencies, police agencies, retail for merchandising and loss prevention, and internet search engines.


LEADERSHIP TEAM

Larry J. Bowe, Jr.Larry J. Bowe, Jr.
President

Larry Bowe is the founder and president of PureTech Systems Inc. As an entrepreneur, Larry has been creating shareholder value in the software industry since 1987. Prior to founding PureTech Systems, Inc. in 2005, Larry was Vice President of Business Development for Verint Video Systems, a leading provider of digital video recording systems to the physical security market. In this role, Larry had overall responsibility for Product Management, technology licensing, acquisitions, and their mobile digital video business unit. During his 4 year tenure, Larry’s contributions were instrumental in growing revenue from approximately $40M to $100M organically and through several strategic acquisitions, transforming Verint into a globally recognized company in the security surveillance arena. Prior to joining Verint, Larry had a 17 year career at Honeywell where he held several technical and leadership positions in both their Homes and Buildings and Avionics SBUs. As the youngest Director in Honeywell, Larry shared global responsibility for technology planning and budgeting for their billion dollar Homes and Buildings Solutions SBU. He was also assigned the technical lead, responsible for due diligence of software business acquisitions, of which two were successfully consummated during his tenure. Larry also represented the Homes and Buildings SBU as a technology examiner for the prestigious H. W. Sweatt Award - Honeywell's highest award for Engineers and Scientists. Prior to joining Honeywell Homes and Buildings, Larry held technical leadership positions in Honeywell’s Avionics businesses. Larry was one of a select few to be nominated to participate in Honeywell’s two-year Leadership training program which he successfully completed. Larry also led the software team responsible for the first ever implementation of the Future Air Navigation Communications System (FANS) on business class jets. In his early career at Honeywell, Larry was a successful avionics software engineer. Prior to joining Honeywell, Larry worked for Motorola’s government electronics group whose focus was the manufacturing of satellite electronic systems. Larry holds a B.S. in Computer Science from Arizona State University School of Engineering and an MBA from the University of Phoenix. Larry completed a number of courses in e-commerce from Stanford University.

 

Fereydoun MaaliFereydoun Maali
Chief Imaging Scientist

Fereydoun Maali has worked in image processing and related areas addressing applications in robotic vision (2D & 3D), biomedical, automotive, defense, electronics, semiconductor and analytics of surveillance since 1983. He was the president of Signal Recognition Corporation, a New York state image processing software development company from 1991 until joining PureTech in 2005. During this time he was a consultant to many corporations including NYNEX Science & Technology, Universal Instruments, RVSI, United Technologies Norden Systems, IBM T.J. Watson Research Center, Synopsys and August Technology. From 1985-1991 he was a Senior R&D Engineer at Robotic Vision Systems Long Island- New York. Previously, he was an image analyst and software engineer with Vickers plc, U.K. He has a DIC, MSc, PhD from Imperial College U.K where his doctoral research focus was “Image Processing and Pattern Recognition for Industrial Robotic Vision”. He is a Chartered Electrical Engineer (CEng) and a senior member of IEEE. He has received over 20 US patents in image processing and related areas with additional patents pending.

 

Wade BarnesWade Barnes
Vice President Engineering

Wade Barnes has been in the information technology industry since 1977, having worked in the areas of distributed computing, large systems design, and computer applications in diverse fields including the security, health care, financial, and minerals industries. Prior to joining PureTech in 2006, companies he worked for include American Express, Lockheed Martin, and 3M Health Information Systems. He is a winner of the 3M Technical Circle of Excellence Award and the Oblad Award from the University of Utah. Mr. Barnes has B.S. and M.S. degrees in mining engineering and an M.S. degree in computer sciences.

 

Eric OlsonEric Olson
Vice President Marketing

Eric Olson leads our marketing organization, with accountability for product positioning, media relations, trade shows and social media. Prior to joining the company, he spent over 18 years in the aerospace market, initially as an electrical engineer responsible for design, specification and test of critical flight systems and later securing leadership roles in alliance management, competitive intelligence, program management, and product marketing. Olson is a certified Six Sigma Black Belt, trained and certified in the development of sales & marketing processes. He holds a B.S. in Electrical and Computer Engineering from the University of Iowa, an MBA from Arizona State University and a Global Leadership Certificate from Thunderbird Graduate School of International Management.



ADVISORY BOARD

PureTech Systems' leadership team collaborates with an advisory board of industry experts to gain strategic business and market insights to help the company continue to realize its vision as a market leader in intelligent geospatial surveillance and perimeter protection.


Gord Helm, MPAGord Helm, MPA

Gord Helm is the former Port of Halifax Manager of Security and Operations. Gord served over 20 years in the Royal Canadian Navy and is active in corporate governance. He currently sits on the Security Advisory Board of Source Security, serves as a Director with SWANA, Nova Scotia Chapter; and is a past Chair, Halifax Port Security Committee and recently completed 6 years as an Executive Board member with the Sacred Heart School of Halifax; and was Chair of the Harbour Operations Committee and Harbour Master for several International Halifax Tall Ship events. Gord holds an under graduate degree in political science and a Master of Public Administration from Dalhousie and a Master Certification in Project Management from St. Mary’s University. He is a certified PMP. Gord currently serves as Chief Technology Officer for Fourth State Energy, a company which delivers renewable energy from waste through plasma gasification.


Vance HildermanVance Hilderman

Vance Hilderman is a 25-year software/systems engineering entrepreneur with repeated success starting and growing profitable technical firms. In 1990, he founded what would become the largest independent avionics software services company in the world. His company appeared three consecutive years on the Forbes’ list of Fastest Growing Technical Companies. Vance was the President of this company for all 14 years of its operation. Considered an expert on safety critical software/computer systems and certification, he consulted with ninety five of the world’s one hundred largest aerospace companies plus numerous medical, industrial, and telecommunications entities. Vance founded two other companies; SynApps Software and Pacific Scientific, both of which were successfully grown and divested. He also co-founded HighRely, which he sold to Atego, in 2011. Vance currently serves on two boards and travels extensively throughout the world in his current role as President and Emerging Markets Business Developer/Sales for Atego HighRely. Vance holds a BSEE and MBA from Gonzaga, and a Masters in Computer Engineering from USC (Hughes Fellow).


General (Ret) Ronald E. KeysGeneral (Ret) Ronald E. Keys

General Ron Keys retired from the Air Force in November 2007 after completing a career of over forty years. His last assignment was as Commander, Air Combat Command, at the time the Air Force’s largest major command, consisting of more than 1,200 aircraft, 27 wings, 17 bases and 200 operating locations worldwide with 105,000 personnel. General Keys now resides in Woodbridge, Virginia and owns RK Solution Enterprises LLC, an independent consultancy. He advises various DoD and Non-DoD related clients on advanced technologies, energy alternatives, strategic planning, and policy development issues across a broad range of military operations, concepts of operations, and hardware including cyber, command and control, and remotely piloted vehicles. Additionally, he is a Senior Advisor to the Bipartisan Policy Center and to the Hamilton-Kean 9/11 Commission National Security Preparedness Group. He is a member of CNA’s Military Advisory Board on DoD Energy Security and Climate Change issues and a member of the Embry-Riddle Aeronautical University Board of Trustees. In September 2007, he received the Air Force Association's most prestigious annual award, (The H. H. Arnold Award) as the military member who had made the most significant contribution to national defense. General Keys is a command pilot with more than 4,000 flying hours in fighter aircraft, including more than 300 hours of combat time.


Bill StuntzBill Stuntz

Bill Stuntz is a proven business leader with strengths in setting strategic direction, building organizations, and negotiating mergers and acquisitions. He was CEO of BroadWare, which developed IP platforms for managing and integrating security products into unified solutions. After selling BroadWare to Cisco in 2007 Bill served as VP/General Manager of Cisco’s Physical Security BU which supplied surveillance, access control, and communication products to the security industry. Prior to BroadWare he served in a variety of CEO and executive capacities for companies in the security and data acquisition industries. He holds a B.S. and M.B.A. in Marketing and Finance from West Virginia University.



LEARN MORE ABOUT PURETECH SYSTEMS

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