Summary
- Profile Type
- Technology offer
- POD Reference
- TOGB20240216017
- Term of Validity
- 16 February 2024 - 15 February 2025
- Company's Country
- United Kingdom
- Type of partnership
- Commercial agreement with technical assistance
- Targeted Countries
- All countries
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General information
- Short Summary
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The company have deployed their technology to help transport operators and asset owners achieve gains in performance, efficiency and safety by detecting hazards, monitoring critical equipment, and improving passenger experience.
The business seeks international partners for commercial agreements with technical assistance to help scale the technology into overseas markets and new environments (e.g. bus networks). - Full Description
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The UK company are industry and technology leaders and were the first-to-market with computer vision-based infrastructure inspection analysis, launching their platform 2018.
The company has expertise in AI, automation, analytics, and image processing and is already helping railway systems in the UK to improve operational performance, efficiency, and safety by finding or predicting potential hazards before they cause delays or potential risks.
The company has an industry leading team with unmatched technology expertise and a commitment to redefine the standards for safety, efficiency, and passenger experience in transport and other asset heavy industries.
The technology helps leading rail operators and asset owners achieve gains in efficiency and safety while enhancing the passenger experience across more than 7,000 miles of track each month.
The technology works by ingesting data from forward-facing cameras on passenger and freight rolling stock and applying computer vision algorithms to the video data to derive potential hazards. This information is then provided to railway maintenance and engineering teams to prevent costly and disruptive incidents.
The company provide technology systems for rail and other transport operators via commercial license agreements.
The company are executing on a product development roadmap which will enable them to achieve scaled growth and the capability to remotely service international clients.
The company are focused on their product quality, superior technology and ability to collaborate with local partners as key differentiators when compared to their competitors who are more recent entrants to this market.
The business seeks international partners for commercial agreements with technical assistance. Ideal partners will be companies that operate and/or own passenger transport infrastructure. These companies will be interested in applying innovative technologies to improve operational performance, asset maintenance and passenger safety. - Advantages and Innovations
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The business has significant technology advantages over newer entrants to the automated inspection market as the company have the most advanced AI analytics for infrastructure inspection using video data.
The technology works with multiple different video data sources to enterprise grade standards. The technology can detect infrastructure issues with track, overhead line and the wayside and the business has already provided significant value to its customer base over a number of years, including:
70K+ violations detected : reducing costs while improving safety and performance by preventing incidents and reducing time spent in higher risk environments.
£20M+ annual savings: customers have achieved these savings by spotting problems before they happen and reducing delays, with passengers and taxpayers also benefitting.
15K+ hours saved: By automatically spotting faults and issues, clients can save hours and hours to concentrate on their strategic imperatives.
The technology platform integrates a number of technology innovations, including: Data Science, Data Visualisation, Industrial Sensors and IoT, Advanced Computer Vision.
The company was recently awarded second place for Technology Innovation of the Year across all of the UK’s supply chain – not just transport. They are also the Digital Leaders Geospatial Winner 2022 for the best geospatial software system across all of the UK sectors.
They are ISO accredited across Information Security and Quality Management and their technology has been proven to meet the rigorous safety and security standards required by their high-profile clients . - Stage of Development
- Already on the market
- Sustainable Development Goals
- Goal 9: Industry, Innovation and InfrastructureGoal 11: Sustainable Cities and Communities
Partner Sought
- Expected Role of a Partner
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The UK company is looking to engage with partners across passenger transport industries and regions who can benefit from this asset inspection and monitoring technology. The partner can be the infrastructure owner themselves or an in-market supplier to the infrastructure owner.
Key international markets have been identified as Canada, Australia, and USA, due to the fact that rail networks within these countries are comparable to the UK, as well as cultural similarities, and historical connections between the transport networks.
Ideal partners will be companies that operate and/or own passenger transport infrastructure. These companies will be interested in applying innovative technologies to improve operational performance, asset maintenance and passenger safety.
Commercial partners will support the testing and validation of the technology in their environments and engage with the technology provider to provide technical and user experience feedback. This will include onboarding, data analysis, workflow testing, and benefits capture.
The company is expecting to build long-lasting commercial relationships with the partners which support their ambitions to operate across multiple territories.
Engagement with the selected partners will enable the company to expand into international markets, produce mutually beneficial case studies, and bring the benefit of their transport monitoring technologies to those countries.
Preferably, the sought partners are expected to have:
- Capacity to integrate and use the platform
- Access to large scale passenger and/or freight transport assets
- Technical knowledge relating to installation requirements
- Excellent communication and collaboration skills
- Flexibility in terms of delivery - Type and Size of Partner
- OtherBig companyUniversitySME <=10R&D InstitutionSME 11-49SME 50 - 249
- Type of partnership
- Commercial agreement with technical assistance
Call details
- Coordinator required
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Yes
Dissemination
- Technology keywords
- 01004003 - Applications for Transport and Logistics02008005 - Road Transport02009007 - Artificial intelligence applications for cars and transport02008004 - Railway Transport
- Market keywords
- 09001007 - Other transportation02007016 - Artificial intelligence related software02007014 - Other industry specific software
- Sector Groups Involved
- Mobility - Transport - Automotive
- Targeted countries
- All countries