Monitum Launches World’s First Asset Movement Monitoring Service
Monitoring solutions company Monitum has launched a new asset management system, developed in conjunction with geospatial specialists at Queensland University of Technology.
The new product, Kurloo, is offered as a service and combines IoT, low-end Global Navigation Satellite System sensors and cloud-based analytics to measure movement and provide risk insights to managers of assets.
It was developed as part of a three-year project supported by Innovative Manufacturing CRC, which produced a solution that provides “frequent, consistent, and accurate readings needed to help manage risk, and [which] does it at a fraction of the price of traditional monitoring equipment,” said Lee Hellen, CEO of Monitum.
“We have leveraged Australia’s considerable research and development capabilities to create an end-to-end travel monitoring service,” Hellen added, citing “extensive applications” across all sectors including infrastructure, transport and mining.
According to Monitum, the new product is capable of 3 millimeter precision geotechnical measurement data, captured automatically and delivered in near real time.
Professor Yanming Feng, QUT project manager, 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 The project was budgeted at $4.5 million, with $875,000 in funding from the IMCRC.
IMCRC chief executive David Chuter said the team had applied cutting-edge technologies, navigated the “valley of death” of innovation and addressed an important market need.
“And by partnering with local manufacturer Intellidesign, Monitum has streamlined the development and commercialization of its device and secured its supply chain,” Chuter said.
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