Clearly this was pseudo-scientific babble. To my eyes, the ADE651 was a sophisticated looking dowsing rod, and yet the company ATSC Ltd that made them had already sold £50million worth of these devices to the Iraqis and had just secured another major contract.I guarantee you this will end up as a movie-script one day.
I just found this on youtube:
Looks like a parody, and the company doesn't appear to be the same. In this video it's called Prosec, but Jom McCormick's company is ATSC. Here's one by ATSC: