London-listed Maestrano Group (AIM:MNO) said on Friday that its recently acquired subsidiary, Airsight, had won a new contract with the Australian Government Department of Environment and Energy.
The transport corridor analytics AI provider said the company was tasked with protecting certain regions in Northern Australia from the effects of uranium mining.
Maestrano highlighted that the region’s last operational mine must cease operations in 2021, and the decommissioning and revegetation of the site must finish by 2026.
Currently, the department is working on methods to monitor the site’s revegetation and is "operationalising" the use of drone-based technologies to make sure the site remains "on a sustainable trajectory" similar to the surrounding area.
Airsight will provide a number of vertical takeoff and landing drones that are able to achieve ‘Beyond Visual Line of Site’ operations alongside its Airsight NextCoretm LiDAR scanning units.
Shares in Maestrano Group were trading 7.14% higher at 1.500 on Friday morning.
The drones will gather data from the savanna ecosystem in Kakadu National Park in Australia’s Northern Territory to derive metrics about the trees in the area, recording tree height, canopy depth, canopy diameters and tree diameter.
Airsight's NextCore units are used by customers across Australia and Japan, explained CEO of Maestrano, Andrew Pearson, who also revealed that the technology made up a core component of Maestrano’s Corridor.ai system, an automated defect detection platform.
Nick Smith, co-founder of Airsight and now Vice President Sales for Maestrano expressed his delight at the contract win, stating that it demonstrated the group’s ability to integrate complex sensors "for specialised aerial surveying" over large areas.
Airsight Group was acquired by Maestrano in November 2019 and its three original founders remain in executive positions.
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