LARGO, Florida – Xonar Technology Inc., pioneer of an advanced weapons detection system, has named Greg Freiberg as President and Chief Development Officer.
Freiberg’s appointment was announced as Xonar® is launching its next-generation contactless security screening system, Xonar TruePort™. Leveraging machine learning and artificial intelligence, Xonar is uniquely positioned to empower security personnel with state-of-the-art screening technology that maximizes throughput and accuracy while minimizing human error. The company is ramping up for mass-production early in 2024.
“Greg is the exceptional leader we need to accelerate our growth and enter new market segments. He provides Xonar with global leadership experience having worked closely with many of the largest institutional investors around the world,” said Xonar Chairman and CEO Hans Hufschmid. “Effective hiring is one of the most challenging parts of creating a successful company and building a positive culture. As such, I am convinced that Greg will play an important part in helping us all fulfill our vision for Xonar.”
“Xonar is an exciting and dynamic technology company that is delivering a much-needed solution to corporations and venues in the U.S. and around the world,” said Freiberg. “I was fortunate to have been an early investor in the company back in 2019, and now I look forward to working with the leadership team as we build Xonar into the leading provider of cost-effective, portable and contactless weapons detection systems.”
Prior to joining Xonar, Freiberg was Managing Director at Island Capital Group, a $5 billion private equity and special situations firm. Before Island Capital Group, Freiberg worked at Coatue Management, a $60+ billion technology focused hedge fund and private equity platform. He also worked at Perry Capital, a multi-strategy hedge fund. Freiberg graduated magna cum laude from the University of Pennsylvania with a BA in Politics, Philosophy and Economics.
ABOUT XONAR TECHNOLOGY INC.
Xonar Technology Inc. is at the forefront of security screening innovation, blending advanced multi-sensor technology, cutting-edge image processing, AI, and cloud computing to deliver industry-leading reliability and accuracy. Their flagship product, Xonar TruePort™, has been rigorously tested across venues in Florida. TruePort includes optional facial recognition for an additional layer of security. This compact, portable device seamlessly integrates advanced data analytics and digital ticketing, offering a streamlined, all-in-one screening solution tailored to diverse market segments.
The Department of Homeland Security has designated Xonar TruePort as a Qualified Anti-Terrorism Technology under the SAFETY Act. The National Center for Spectator Sports and Security (NCS4) evaluated Xonar TruePort’s ability to detect concealed weapons. The evaluation matrix covered a wide area of functions, including weapon detection, speed of detection, placement detection, alerts, wireless interface, event reporting, outcome reporting, and user interface. The overall composite score of 2.93, out of a possible 3.00, showed that all capabilities were successfully demonstrated.