A London-based technology research and development company on Monday demonstrated its new silicon chip based on human vision mechanisms that allows detection and interpretation of moving objects at a much improved speed.

In a demonstration to reporters, BEV Stockplus showed that by using input from video, infrared or radar, its single chip can track both static and dynamic images of objects, outputting its color, direction and velocity in real-time. The company said the chip, called the Generic Visual Perception Processor, can be applied to most commercial and defense products that use vision mechanisms, such as ballistic missiles, automobiles, traffic control systems and security cameras.

Visiting company officials, including President and CEO Igor Marie De L'Isle, plan to meet with some 40 Japanese companies this week in search of prospective partners for the licensing or sale of the technology's intellectual property rights, the company said.