Acro, Inc. [ACRI], a developer of explosive detection technologies, has signed a non-binding letter of intent to acquire RAY Detection Technology Group, an Israel-based firm developing technology solutions for screening cargo, mail and luggage. RAY's products are based on its proprietary Discovery CERT, which enables trace automated sampling of bulk goods and cargo for the detection of explosive, chemical, and biological threats. Acro has developed the ACRO-P.E.T, a pen-size peroxide explosive tester for the detection of improvised explosives. Acro recently…
Acro to Acquire RAY Detection Technology Group
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