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Maestrano wins Advanced AI Rail Project in Japan
Maestrano wins Advanced AI Rail Project in Japan.
About this update from Cordel Group Plc
[{"type":"text","content":"\n \nRNS Number : 8920Z Maestrano Group PLC 15 January 2020 \n\n15 January 2020\n \n \nMaestrano Group PLC (\"Maestrano\" or the \"Company\")\n \nMaestrano wins Advanced Artificial Intelligence Rail Project in Japan\n \nMaestrano Group PLC (AIM: MNO), the Artificial Intelligence platform for transport corridor analytics, is pleased to announce the commencement of a new paid pilot project in Japan, won by its recently acquired subsidiary, Airsight. \n \nThe initial purchase order, from Nagoya Railroad Co Ltd, covers a two month pilot, to capture and analyse data from a section of railway track in Nagoya, Japan. Imagery from LiDAR (Light Detection and Ranging) and high resolution video will be processed by the Airsight Corridor.ai deep machine learning platform, to automatically detect defects in the overhead powerlines, gantries and signals.\n \nNagoya Railroad Co Ltd, referred to as Meitetsu, is a private company operating around Japan's Aichi and Gifu Prefectures. Nagoya is the capital of Aichi Prefecture and is Japan's fourth largest incorporated city, and third most-populous urban area. http://www.meitetsu.jp/ \n \nThe paid pilot follows an earlier trial as referred to in the Shareholder Circular of 15 October 2019. Upon successful completion of the pilot, Meitetsu intends to extend the duration and scope of the project.\n \nNick Smith, co-founder of Airsight and now Vice President Sales for Maestrano, said, \n\"We are proud and delighted to be commencing this project with Meitetsu. This is the first international validation of our Corridor.ai technology and the result of our long-term commitment to the Japan railway industry. Japan is today the largest market for our LiDAR products and we believe has the potential to be a major market for our AI platform.\"\n \nAndrew Pearson, CEO of Maestrano, commented:\n\"Japan has arguably the most sophisticated and advanced rail infrastructure in the world. We believe that success here will help to raise our profile in the global rail asset management industry and position Corridor.ai as the world's leading automated defect detection and management platform.\"\n \n \nThe information contained within this announcement is deemed to constitute inside information as stipulated under the Mark...