International Expansion with IDC contract wins in New Zealand and Australia
We are pleased to announce the strategic acquisition of EagleSoft, an Intelligent Data Capture Platform that automatically detects both road defects and asset inventory using Artificial Intelligence (AI) and Machine Learning (ML).
Highlights:
- Expands our international presence to New Zealand
- First win for EagleSoft technology in an existing Asset Vision client
- Adds infrastructure asset audits as a new service offering
- Accelerates the integration of EagleSoft’s AI-powered, Inventory and Defect Detection capability into the Asset Vision platform.
Asset Vision’s CEO, Damian Smith commented on the wins:
“We are extremely happy with the way our newly acquired EagleSoft technology and its people have enhanced the overall Asset Vision solution. These contract wins tell a much bigger story than the initial revenue value they represent. One of these contracts positions EagleSoft’s automated inventory and defect detection capability to be utilised during the bid process for a large road maintenance contract in New Zealand. If the bid is successful, this could lead to a much larger ongoing engagement.”
“In addition to the win in New Zealand, EagleSoft won a piece of work with one of their existing clients to undertake an audit of road safety barriers. This represents a new service that we can now provide to other clients.”
“Finally, we are thrilled that EagleSoft will be used alongside Asset Vision on a selection of Ventia’s maintenance contracts in Victoria, NSW and Queensland; a powerful test of our end-to-end Intelligent Asset Management Platform. I am confident this will pave the way to extend EagleSoft’s use across more than 120,000 kilometres of road network currently maintained within Asset Vision.”
Read the full ASX announcement here:
https://futurefirsttech.io/_files/pdfs/asx-announcement—international-expansion-with-contracts-wins-ain-nz-and-australia.pdfav-esa.pdf
Asset Vision Co Limited (ASX:ASV)
Head Office:
Melbourne Suite 4,
799 Springvale Rd,
Mulgrave, Victoria,
3170, Australia.
Brisbane Office:
123 Eagle Street,
Brisbane, 4000,
Australia.
