Drone-based data provider Delta Drone International (ASX:DLT) reports it will supply Artificial intelligence (AI) software through its new partnership and distribution agreement with US-based software provider Strayos.
The supply of AI-driven technology is expected to ‘significantly’ broaden the company’s business model, add value to customers to support higher pricing and generate multi-year contract revenue growth.
In addition, the utilisation of AI with drone data is set to enhance digitalisation solutions, services, workflows and increase the speed of insights available to the company’s clients.
It is also reported that with this move, software and AI-tools are to become a cornerstone of the company’s service offerings going forward, with Strayos being the primary data and visualisation platform for DLT and its customers.
“Overlaying AI-Intelligence in our current data workflows adds a higher value proposition to the end-user”
Speaking on the new partnership, Delta Drone International CEO, Christopher Clark said: “We have been assessing the markets in which we predominantly operate, being Australia and Africa, and have identified that our customers want a stronger vertically integrated solution that not only includes data capture but also data insights.
Overlaying AI-Intelligence in our current data workflows adds a higher value proposition to the end-user, resulting in faster turnaround of reporting and ultimately simplifying decision-making within these complex environments.
Our partnership with Strayos is mutually beneficial. DLT will see an increased revenue mix of software sales while Strayos will leverage our global presence and geospatial experience to ensure customers receive seamless on-borading and continuous support. We look forward to our new partnership with Strayos.”
The company also notes that this new arrangement with Strayos will allow it to distribute software licences across Africa and Australia either directly or via resellers and consultants.
DLT also has an exclusivity option available should minimum agreed sales targets be met.
DLT is a multinational drone-based data service and technology solutions provider for mining, agricultural and engineering industries, with a goal of re-inventing and re-imagining the vast application of its drones-as-a-service platform and the sectors that benefit. The company’s services include aerial surveying and mapping, security and surveillance, and blast monitoring and fragment analysis through a fully-outsourced service that allows enterprise customers to focus on operations on the ground.
Strayos is a US-based 3D Visual AI platform founded in 2016 to service quarrying and blasting industries, before expanding to provide integrated solutions for the drilling, mining civil engineering, construction and conservation industries. Strayos uses data gathered by drones, machine vision and remote sensing systems to create site digital twins and AI powered insights for operations to reduce cost and improve productivity, profitability, safety and sustainability.
With the new partnership with Strayos underway, DLT announces that both parties may mutually agree to terminate the agreement with immediate effect in the event of certain circumstances.