Wynyard partnership tackles gun crime
Wynyard Group shares have jumped after news the crime analytics software developer has expanded its global network.
Shares have traded at $3.00, up 15c on today's opening price and up 50c on the closing price on Friday.
The company is teaming up with a British firm to develop a programme for the prevention and detection of firearm-related offences.
Wynyard told the NZX it will partner crime consultants Arquebus Solutions to develop the programme for police and government agencies in gun-crime hot spots such as South America.
The programme will connect data from sources such as advanced ballistics comparison technology that creates images of bullets and cartridge cases, national gun registers and person-of-interest and intelligence databases.
It will let law enforcement agencies trace ballistics-related data from bullets and cartridge cases to known offenders, organised-crime networks or terrorists.
Wynyard Group managing director Craig Richardson said the revenue-sharing partnership was further evidence for investors that his company could find global-scale advantages through partnerships.
He said the use of technology to map and create images of bullets and cartridges for identification and matching was a capability on the rise with police departments worldwide.
"With Arquebus's expertise and tradecraft, our solution can help law enforcement officers rapidly identify persons of interest, surface intelligence, gather evidence to solve crimes where firearms have been used and disrupt trafficking," he said.
"They have a global success story of tracking and solving gun crime through setting up the ballistic register, so it's a combination of their market expertise and our analytics."
Richardson said the British-based consultancy would provide sales leads across about 100 sites throughout the Americas, the Middle East and Southeast Asia
"It is all about us gaining access to some of the global hot spots for gun crime," he said.
He "could not yet quantify" what the deal would mean for Wynyard Group's revenue, but access to Arquebus Solutions' clientele would be an exciting development for the company.
''It's not a guarantee. We still have to get in there and close out the deals, but it's definitely a start," Richardson said.
He shrugged off suggestions that Wynyard had quickly become a market darling since listing on the NZX50 last year.
"The sharemarket has become very interested in what we are doing," he said.
"People are naturally curious about crime fighting, I think. There's some mystique about us."
Richardson said that mystique and curiosity flowed through to recruitment for the company.
"As we grow we'll need to keep pushing for expertise, but working in such a cool space, we give potential employees an opportunity to work on some really interesting, intelligent and cool projects that they can't get elsewhere," he said.