A company that claims to have produced accurate pattern recognition algorithms so tight that they can be fitted on an 8-bit smart card or in spare capacity on a DSP chip on a mobile phone is beefing up its management team in a drive to penetrate new markets.
Domain Dynamics Ltd, based on the campus of Cranfield University, UK, won ú1.5m backing from investment funder Duncan Troy earlier this year to market its Time Encoded Signal Processing and Recognition (TESPAR) technology.
The patented TESPAR technology uses complex mathematics to provide a simplified digital language to describe waveforms. Domain Dynamics says that TESPAR data structures feed into Fast Artificial Neural Network (FANN) architectures and it claims that it can be trained in minutes to give results in milliseconds.
The company was set up by professor Reg King, former director of telecommunications for the British Army, who devised the original signal processing and pattern recognition techniques.
While there are plenty of companies who can claim similar results given sufficient memory and processing power in the space Domain is operating business development director Ian Taylor reckons it has no competitors.
Domain Dynamics licenses its technology rather than develops end products. So far this year, it has signed deals with Derby, UK-based Rotadata to develop automated testing of speech quality on telephone networks while Matlock, UK-based Geoquip Ltd has used it to develop a intelligent intruder detection system.
Other deals are under negotiation and Taylor reckons that the potential market is enormous. What are clearly the biggest markets have yet to be tapped. Domain Dynamics are tight-lipped about current revenue but biometric verification for smart cards and voice recognition in mobile phones offers the kind of markets that could transform a 15-strong company – and explain why it attracted venture funding.
