6 Jul 2020 07:10
6 July 2020
Maestrano Group PLC ("Maestrano" or the "Company" or the "Group")
Partnership Agreement and ARTC Update
Maestrano Group PLC (AIM: MNO), the Artificial Intelligence platform for transport corridor analytics, announces a Partnership Agreement with Esri Inc. and achievement of a major engineering milestone with ARTC.
Partnership Agreement
Maestrano's subsidiary, Corridor Technology, and Esri have signed a partnership agreement to formalise joint solution efforts around the world. This partnership includes a localised teaming agreement in Australia to enhance the quality and quantity of data available in the ARTC instance of the Esri ArcGIS ("Geographical Information System") software, by incorporating results from the Corridor Machine Learning platform. ARTC is a customer of both Esri and Corridor Technology.
Esri Inc. is an international supplier of geographic information system software, cloud GIS and geodatabase management applications. The company is headquartered in Redlands, California. www.esri.com
ARTC is a Government of Australia owned statutory corporation, which manages most of Australia's interstate rail network, 8,500 kilometres in length across five states. Maestrano announced the project to collect and analyse track information on 6 January 2020, which has a 3 year duration and provides for up to 36,500km of corridor scanning per year.
Major Engineering Milestone
As part of the commissioning process Corridor Technology and ARTC have undertaken the appropriate engineering acceptance activities that demonstrate that the Corridor Technology platform meets engineering accuracy and safety requirements, to replace the manual method of surveying rail track infringements and track clearances, with the automated Machine Learning process from Corridor Technology.
Nick Smith, Vice President Sales for Maestrano, said,
"We are proud and excited to become an Esri partner. The partnership will assist us in opening up new markets, helping us to deploy solutions more quickly using established Esri software and by providing valuable market, solution and technology intelligence.
The engineering acceptance from ARTC means our automated Corridor Technology platform is now formally accredited as meeting the engineering accuracy and safety standards of previous manual inspection and survey methods. In the very conservative environment of rail engineering, this is a significant achievement and will reassure rail operators around the world. The commissioning process has now been completed and the Corridor Technology platform moves to Business as Usual (BaU) inside ARTC."
Andrew Pearson, CEO of Maestrano, commented:
"We are delighted with the progress our team are making with key partners and customers. This reflects the recognition of our product's technical excellence and efficacy. Using Machine Learning techniques to analyse very large datasets is now moving from research to practical applications and we are at the forefront of this movement in the transport sector."
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Enquiries:
Maestrano Group plc
Andrew Pearson, CEO c/o Arden Partners
Grant Thornton (Nominated Adviser)
Jamie Barklem / Niall McDonald +44 (0)20 7383 5100
Arden Partners (Broker)
Ruari McGirr / Ciaran Walsh +44 (0)20 7614 5900
About Maestrano
Maestrano offers a patented cloud-based platform for master data management and business analytics, together with specialist hardware and software for capturing, analysing and reporting on large datasets within the transport sector, employing sophisticated artificial intelligence algorithms.
Further information on the Company is available at: www.maestrano.com