Monitoring solutions business Monitum has launched a new asset management system, developed in collaboration with Queensland University of Technology geospatial specialists.
The new product, Kurloo, is offered as a service, and combines IoT, low-medium-end Global Navigation Satellite System sensors, and cloud-based analytics to measure displacement and provide insights on risk to asset managers.
It was developed through a three-year project supported by the Innovative Manufacturing CRC, which produced a solution offering “frequent, consistent and precise readings needed to help manage risk, and [which] does so at a fraction of the price of traditional monitoring equipment,” said Monitum Managing Director Lee Hellen.
“We’ve leveraged Australia’s considerable research and development capabilities to create an end-to-end displacement monitoring service, Hellen added, citing “extensive applications” throughout sectors including infrastructure, transport and mining.
According to Monitum, the new product is capable of 3-millimetre precision geotechnical measurement data, captured automatically and delivered in near-real-time.
QUT project lead Professor Yanming Feng described the product as a world first, delivered “by combining Monitum’s deep understanding of the geospatial sector with QUT’s technical and research capabilities.”
The project was budgeted at $4.5 million, with $875,000 funding from the IMCRC.
IMCRC Managing Director David Chuter said the team applied advanced technologies, navigated the “valley of death” in innovation, and answered a significant market need.
“And by partnering with local manufacturer Intellidesign, Monitum streamlined the development and commercialisation of its device and guaranteed its supply chain,” said Chuter.
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