8 June 2020
Australian Securities Exchange (ASX) Announcement
Asset tracking solutions for the US Department of Defense (DoD)
- First field trial contract has been awarded
- DoD operates 800 bases and needs to track tens of millions of high value assets
- Partnership lays foundation to support broader commercial deployment
Australian internet of things (“IoT”) solution provider Sensera Limited (ASX:SE1) (“Sensera” or “Company”), has entered into a strategic partnership with the US-based global product development and technology company Triton Systems, Inc. (“Triton”) to integrate Sensera’s Location-Aware™ IoT building blocks with Triton’s artificial intelligence (“AI”) and sensor innovations for a wide range of asset tracking applications for the DoD.
The two companies have signed an agreement, which leverages Triton’s decades long experience as a solutions provider and integrator to the DoD and Sensera’s swarm™ technology, to create a reliable, end-to-end solution for monitoring and tracking the location and operational-readiness of military and security assets across DoD sites globally. The DoD, with an annual budget of over US$710 billion, operates over 800 bases across 70 countries and owns tens of millions of pieces of logistics hardware.
Triton’s initial DoD project will deploy and prove the performance of Sensera’s Real-Time Location System (“RTLS”) combined with Triton’s sensor suite and AI tools within a military supply depot environment. This multi-phase program will include prototype system demonstration, validation, refinement and results for a full end-to-end RTLS solution to prepare for integration in other DoD depots and similar asset-intensive applications. The complete solution will fill an important performance gap in accuracy, range and scalability for identifying and tracking the tens of millions of mobile and portable assets that military depots use in support of their operational readiness mission.
Sensera’s proprietary RTLS enables secure, precise real-time positioning (2D and 3D at near-centimeter precision) and concurrent wireless data communication for virtually any IoT application needing real-time, precision location. The technology has been deployed in over 3 million tags in 1000+ installations – providing real-time visibility of what, where and when for applications like restricted area enforcement, next-generation worksite workflow optimization, and position-enabled environmental condition monitoring which are part of the solution for the DoD installations.
Mr. Brad Sherrard, Sensera’s IoTS General Manager, said:
“The signing of this agreement with Triton Systems represents a strong pathway for Sensera to leverage our successful wireless Location-Aware IoT sensors and software platform to explore some significant new application and market opportunities within the US Department of Defense. Triton is a proven partner for this market and will also provide powerful AI technology to be leveraged for other use cases.”
Mr. David Model, COO of Triton Systems, added:
“We are excited to bring Sensera’s cutting edge location awareness technology to our DoD customer base. The defence community has been looking for the capability to quickly and precisely track thousands of assets in GPS-challenged environments. We believe the Swarm solution, combined with Triton’s AI platform, will allow Triton and Sensera to closely work with our DoD end users to facilitate the qualification and adoption of a unique IoT solution for military platforms.”
About Sensera Limited (ASX: SE1):
Sensera is an Internet of Things (IoT) solution provider that delivers sensor-based products transforming real-time data into meaningful information, action and value. The company designs and manufactures hardware and software across the vertical technology spectrum from unique structures as MicroElectroMechanical Systems (MEMS) and sensors, as well as wireless networked systems and software that when combined, drive an entire IoT platform solution.
Shares in Sensera Limited (ASX: SE1) are traded on the Australian Securities Exchange (ASX). For more information, please visit our website: www.sensera.com.
About Triton Systems:
Triton Systems is a Global Business venturing company that successfully launches innovative products and solutions in emerging markets worldwide. It invests in new technologies through in-house incubation and external partnerships – creating thriving businesses from novel ideas. Triton Systems’ headquarters is in Chelmsford, Massachusetts. Triton’s innovative technologies have created $3.8 billion in shareholder value through its product sales, joint ventures, spin offs and licenses.
For more information please visit: http://tritonsystems.com. (Triton is not affiliated with Triton Systems the ATM manufacturer.)
Any forward-looking statements in this announcement are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, its directors and management.