Well Crow,
I'll venture to say that the Valimed unit is an ensemble of COTS sub-systems, a spectrometer module, a single board computer, power supply and so forth. Much like the architecture of a standard PC.
I believe that they are manufacturing very few if any components at the board level or building the opto-electronics from scratch.
I view it as a standard UVF spectrometer which has been customized with application specific software.
I have yet to read an explanantion about what makes the tech revolutionary. I see a customized off-the-shelf gadget for a niche market that has a questionable profitability.
Where is the revolutionary trace explosive detector which operates at two meters in real time, there's where the pay dirt is and where the true scam lies.