Asset Vision has now been successfully implemented as the Asset Management platform for Venture Smart in Western Australia, for their Statewide Electrical Infrastructure Services Contract for Main Roads Western Australia.

Venture Smart is a joint venture (JV) between Ventia and Johnson Controls.

As one of Australia and New Zealand’s leading essential service providers, Ventia specialises in the long-term operation, maintenance and management of critical public and private assets. Ventia’s client base extends across all major industries including Defence, Roads, Telecommunications, Education, Energy & Electricity, Health, Industrial, Justice, Local Government, Maritime, Mining & Minerals, Property, Oil & Gas and Rail.

Johnson Controls is listed on the NYSE with a market capitalisation of >$43B USD and offers the world’s largest portfolio of building technology, software and services, supported by a team of more than 100,000 dedicated employees working across 150 countries.

The Asset Vision platform will be used to maintain Assets from Broome through to Esperance and Kalgoorlie, including:

• 1000 traffic signal intersections
• 350 street lighting installations
• 3900 electronic school Zone Signs
• 500 roadside assist help phones
• 517 CCTV cameras
• 46 variable message signs
• 310 vehicle detection systems
• 534 Bluetooth travel time units
• 250,000m optic fibre network

Asset Vision was a sponser at the Victorian Transport Infrastructure Conference, held at the Melbourne Convention and Exhibition Centre between 23rd and 24th of February 2022.

Represented by Chris Wignall (Head of Sales), Babak Bigdeli (Head of Products and Innovation) and Bernie Wells (Service Delivery Manager), our team had a great time networking with transport and infrastructure professionals from around Australia and showing of our Asset Vision intelligent asset management platform.

More information on the conference can be found here:
https://www.vicinfrastructure.com.au/

The Department of Primary Industries and Regional Development (DPIRD) in Western Australia has awarded Asset Vision a two-year contract for the provision of a Strategic Asset Information Management System and its related installation, configuration, data conversion/migration, implementation, training and ongoing support services. The establishment of the Strategic Asset Information Management System is a major deliverable from the DPRID Strategic Asset team to deliver under its business plan. Asset Management plays a critical role in underpinning the delivery of DPIRD’s service objectives in the Primary Industry Plan.

Western Australia’s primary industries – including agriculture, commercial fisheries and aquaculture – provide jobs and exports, and underpin a growing food industry and other agribusinesses. Western Australia’s fisheries also support a thriving recreational fishing sector and regional tourism.

The Department of Primary Industries and Regional Development (DPIRD) works to protect the sustainability of natural resources and accelerate ongoing economic growth, job creation and regional development. An important part of their role is to support the growth of strong regional communities that are desirable places to live, work and invest.

We look forward to working with DPIRD and more broadly with the Government of Western Australia.

More information on DPIRD can be found here:
https://www.wa.gov.au/organisation/department-of-primary-industries-and-regional-development

The Shire of East Pilbara has awarded Asset Vision a multi-year contract for the provision of an asset management software system and its related installation, configuration, data conversion/migration, implementation, training and ongoing support services.

Known as the largest Shire in Australia, the Shire of East Pilbara covers approximately 372,571 square kilometres; larger than Victoria and Tasmania combined. Driving will take 2 days to cross from east to west and 6 hours from north to south. It’s main town sites are Newman, Marble Bar and Nullagine, with a number of Aboriginal Communities namely Jigalong, Punmu and Parngurr, Irrungadji and Parnpajinya.

Asset Vision will be used to manage Council assets, across its various facilities and infrastructure. These assets include buildings, roads, paths, drainage, parks, playgrounds and recreational facilities, as well as an airport and waste water treatment plant. The Shire of East Pilbara identified the need for an asset management software system to support the cost effective management of Council assets, and following a competitive tender process, Asset Vision was awarded a multi-year contract in January 2022.

We look forward to working with the Shire of East Pilbara on this exciting project, as we set our sights on an April 2022 go live.

More information on the Shire of East Pilbara can be found here:
https://www.eastpilbara.wa.gov.au/

The award category recognises government initiatives that make innovative use of data and emerging technologies to tangibly advance their progress toward digital government. All submissions are assessed by Gartner, and finalists are selected by benchmarking against world-class performance standards.

DoT Victoria has been recognised as a finalist for the award, alongside submissions from Singapore and Taiwan which is an incredible achievement. We are really excited that the core of the submission involves the use of our AI-powered Asset and Pavement Defect detection solution EaglEye, and it is great to see our technology showcased on the world stage.

In early 2020, the DoT Victoria and their Alliance Partner DM Roads wanted to make a difference. They saw an opportunity to leverage emerging technology that would allow them to make a true paradigm shift when it came to effectively capturing the data required for road maintenance. This technology would make existing approaches for identification of assets redundant, and would help direct the limited road maintenance budgets to those areas of greatest concern. Under the direction of DoT, DM Roads undertook a detailed analysis of the market, and selected EaglEye as the technology partner most likely to deliver on the vision of the Alliance.

By mid-2020, the Alliance utilised EaglEye to automatically detect, categorise and condition rate road assets and pavement defects. This then allowed the asset management teams to understand the current state of the road network, and to direct limited resources to target those locations where remedial works are required.

Capturing assets and road defects with cameras and artificial intelligence means inspectors no longer need to leave their vehicles and can instead travel at the speed of the traffic, leading to significant safety improvements and time saving. For the DoT Victoria, this approach is transforming the way they think about maintaining Victoria’s road network and provides a sound set of base data to accurately evaluate both the short and long-term planning required to maintain the network to the level expected by the community and road users.

Following our acquisition of EagleSoft in July 2021, our team continues to work hard to integrate this incredible technology into the Asset Vision Platform, and deliver a full end to end Intelligent Asset Management Platform to the market.

An overview of DoT Victoria’s submission can be viewed via this link: https://youtu.be/XAa5MkwAjP4

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

Ventia is one of the largest essential services providers in Australia and New Zealand. Ventia is an independent partnership between funds managed by affiliates of Apollo Global Management and the CIMIC Group and was created in 2015 following the merger of Leighton Contractors Services division, Thiess Services and Visionstream.

In 2020, Ventia grew to combine more than 50 years’ of industry knowledge and experience with the acquisition of Broadspectrum (formally Transfield Services) and today has over 35,000 talented people and subcontractors across Australia and New Zealand.

For more information on Ventia, please visit:
https://www.ventia.com/

DM Roads is the name of Downer EDI Limited (ASX:DOW) road network management and maintenance business in Australia, delivering road network management since 1997. DM Roads expertise has been developed over more than 20 years and has helped to make DM Roads one of Australia’s largest road maintenance provider, managing 36,000 kilometres of road across Australia.

DM Roads delivers market-leading solutions in road network management, asset management, routine maintenance, capital works, intelligent transport systems (ITS) and smart city infrastructure, that go beyond simply maintaining the road network today. EagleSoft’s EaglEye supports the innovation that DM Roads brings to their contracts, delivering ever-increasing value to their clients and road network users.

Regional Roads Victoria (RRV) was established in September 2018 to respond to community needs, focus on regional issues and improve the condition of regional roads. On 1 July 2019, RRV and VicRoads came together with Public Transport Victoria (PTV) and the Department of Transport to form a new integrated Department of Transport.

This new contract, to perform further analysis of the road network in the North Eastern Region in Victoria, continues the strong partnership EagleSoft has built with DM Roads.

Asset Vision CEO, Damian Smith, commented:- “This contract win validates what we see in Eaglesoft’s technology and the future opportunities that we anticipate will unfold. Our collective footprint across Victoria has been strengthened by this contract win, and as we integrate Eaglesoft technology seamlessly with Asset Vision over the coming months, we expect further opportunities will present themselves with our existing clients.”

Read the full announcement here

EagleSoft’s Managing Director, Chris Mahoney along with Managing Partners, Babak Bigdeli and Ebrahim Heydarnia, will head up EagleSoft’s ongoing operations, which will include accelerating Asset Vision’s roadmap and integrating EaglEye seamlessly into our “world first” IAM Platform for Transport.

Mr Mahoney commented – “Providing Asset Vision’s existing clients with the ability to leverage and integrate our EaglEye solution with Asset Vision’s Intelligent Asset Management Platform gives us the ability to significantly grow our revenue base as we move from successful trials to full commercialisation. While we will continue to service existing and new clients who use their own asset management tools, integrating our solution into Asset Vision is a natural progression and our team is excited by that and the opportunities that lie ahead.”

Damian Smith – Asset Vision’s Founder and CEO commented – “Our goal to be the number one Intelligent Asset Management Platform for Transport globally has always required a robust and automated solution to handle intelligent data capture through the use of AI and ML. It is crystal clear that this is where the future is headed, and this acquisition positions Asset Vision as a true leader in this space. Innovating and thinking differently is part of our DNA, and this is an exciting time for our people and our clients.”

Read the full announcement on the EagleSoft acquisition here:
https://futurefirsttech.io/_files/av-esa.pdf