Nice little update on what Stealth is looking to achieve in the mining sector, perhaps we will get a more comprehensive update on their phase 1 trial and plans for phase 2 shortly:Strategic Elements (ASX:SOR)
SOR is registered under the Australian Federal Government ‘Pooled Development Fund Program’ with a mandate to back proprietary Australian innovation.
The company funds research and development, intellectual property protection collaboration and scale-up, whilst remaining open to a major strategic investor/partner that could escalate commercialisation.
The Federal Government provides investors in SOR with potential tax benefits in return for the company backing higher-risk Australian innovation under the ‘Pooled Development Fund Program’.
Managing director Charles Murphy told * SOR is backing Stealth Technologies – a 100% owned venture – which is working with The University of Western Australia researchers to develop artificial intelligence and robotics technologies.
Murphy said Stealth team built an autonomous and robotic vehicle with Honeywell to perform perimeter security testing and patrols.
“It is able to drive around the perimeter navigating its own route to avoid obstacles and uses AI to perform various tasks including recognising objects in its surrounding such as people and who they are,” he said.
“Stealth is developing AI algorithms that are better than humans at surveying the surrounding environment to detect, for example, suspicious objects at any time of day or night.”
He said Stealth is also using its technology in underground mining where AI is being leveraged to analyse spatial data to recognise features underground or things that have changed.
“The technology Stealth is developing can enable companies to mine more quickly and accurately and to automate more of their underground mine operations,” he said.
“It is able to operate in underground environments that can be hostile to humans and to observe changes in these environments that humans will not notice and are complex to monitor.”
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