The Pulse 14/06/2019 – Ups and Downs in the Investment World for UAV Inspection

June 14th, 2019


Round up:

A week of investment updates and trading lows in the UAV Inspection sector, with new technology announcements set to further the trends we see in the Asset Integrity sector.

 

This week in UAV Inspection:

This week sees investment activity rise in the UAV Inspection sector as the Smart Energy Fund (powered by Lietuvos Energija (Lithuanian Energy) and managed by Contrarian Ventures) invested in Hepta Airborne, Estonia based startup developing solution for automatic power line inspection. Early statements point to time and cost efficiency as significant drivers in the decision; “We are consistently investing in solutions that help us to improve the maintenance on our infrastructure. Currently, the vast majority of electricity distribution network inspections are performed by humans. It is time-consuming and costly process.” says Dominykas Tuckus, Lithuanian Energy Board Member.

On another note, Canadian UAV company Global UAV Technologies Ltd (CNSX:UAV) shares hit a new 52-week low during mid-day trading on Thursday. Read the full report here.

To anyone attending the UAV Expo in Shenzhen, China this year, Aeronext has recently confirmed their attendance.  The conference is the 4th Shenzhen International UAV Exposition. Read the release here.

 

This week in Asset Integrity:

A research report on Remote Well Site Monitoring has been released. The study specifies the complete estimate of Global Remote Well Site Monitoring, Alerting and Reporting Services market business terms, in addition to presenting a brief segmentation of the industry and expansion opportunities. Request a sample report here.

Uptake are on a mission to solve the data issues plaguing the Asset Integrity sector in a time of big data and AI. Companies worldwide are using advanced analytics and machine learning for predictive maintenance strategy optimization as a driving force to reduce operational costs. Read the full release here.


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