Total
0
Shares
Source: Strategic Elements
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Strategic Elements’ (SOR) subsidiary is set to licence the CSIRO’s technology for its security robots
  • Stealth Technologies, which creates autonomous security vehicles (ASVs) to patrol prison borders, will integrate and commercialise the CSIRO tech
  • Essentially, the CSIRO’s Wildcat technology helps robots communicate, share information, and work together in teams
  • With the CSIRO’s assistance, Stealth can build independent robots which can navigate and create high-definition maps of their surroundings
  • Interestingly, the Wildcat tech is already a prizewinner: the system took out most accurate object detection at the global DARPA robotics competition
  • Moving forward, the SOR subsidiary will use the technology to develop ASVs for the global perimeter security market — set to be worth US$282.26 billion (around A$387.51 billion) in five years’ time
  • Following today’s announcement, SOR shares rose 8.70 per cent into the green, worth 12.5 cents each

Strategic Elements’ (SOR) subsidiary is set to licence the CSIRO’s technology for its security robots.

Stealth Technologies, which creates autonomous security vehicles (ASVs) to patrol prison borders, will integrate and commercialise the CSIRO tech.

Australia’s national science agency has worked on the Wildcat simultaneous localisation and mapping (SLAM) technology for over a decade. Essentially, it helps robots communicate, share information, and work together in teams — meaning they don’t need human assistance to carry out their tasks.

With the CSIRO’s assistance, Stealth can build independent robots to navigate and create high-definition maps of their surroundings. Interestingly, the Wildcat tech is already a prizewinner: the system took out most accurate object detection at the global DARPA robotics competition.

Speaking about the technology, Strategic Elements Managing Director Charles Murphy said it was a game-changer.

“Wildcat fits directly with the technology roadmap we are developing for our next generation autonomous security solutions using teams of robots for
enhanced patrol and surveillance capabilities,” he stated.

Moving forward, the SOR subsidiary will use the technology to develop ASVs for the global perimeter security market — set to be worth US$282.26 billion (around A$387.51 billion) in five years’ time.

Already, Strategic Elements has an exclusive contract with multinational conglomerate Honeywell to create ASVs for the corrections system. The ASX-lister is working with WA’s Department of Justice to create a robot for a Kalgoorlie prison.

Following today’s announcement, SOR shares rose 8.70 per cent into the green, worth 12.5 cents at 11:14 am AEDT.

SOR by the numbers
More From The Market Herald
EROAD (ASX:ERD) - CEO, Steven Newman

" EROAD (ASX:ERD) sees strong growth in H1 FY22

Transportation technology company EROAD (ERD) has released its financial results for the first half of the 2022 financial year.
Prophecy International (ASX:PRO) - CEO, Brad Thomas

" Prophecy International (ASX:PRO) delivers ARR growth

Prophecy International (PRO) said it has reported continued growth in subscription-based annualised recurring revenue (ARR).
OpenLearning (ASX:OLL) - Managing Director & CEO, Adam Brino

" OpenLearning (ASX:OLL) secures $2.9m investment to boost growth

Software-as-a-service company OpenLearning (OLL) is poised to receive a $2.9 million cash injection from investment group Alchemy Tribridge.
DigitalX (ASX:DCC) - Chief Product Officer, David Beros

" DigitalX (ASX:DCC) enters partner agreement with Digital Finance CRC

DigitalX (DCC) has executed a partner agreement with the Digital Finance Cooperative Research Centre.