mCloud completed the acquisition of AR NGRAIN, the acquisition will see NGRAIN's AI and AR technologies

mCloud has completed the acquisition of NGRAIN, which will be implemented in the second quarter of 2018.

mCloud has completed the acquisition of NGRAIN, the leader in artificial intelligence (AI) and 3D augmented reality software (AR).

The acquisition will see NGRAIN's AI and AR technologies, which currently serve many aerospace and military applications requiring high precision and reliability. The acquisition enables mCloud to provide the same level of capabilities to maximize the performance of key energy assets. This will see NGRAIN expand its product portfolio with revolutionary AI and 3D/AR technologies for mCloud's AssetCare cloud solution.

One company that currently benefits from NGRAIN technology is Lockheed Martin, which uses combat damage assessment and repair capabilities to maintain, maintain and prepare their F-35 and F-22 stealth fighters. Damage assessment techniques will see high-resolution aerial surveys of wind turbines by drones, as well as NGRAIN's advanced computer vision capabilities, semi-autonomous inspection of turbine blades, correlating blade conditions with turbine output, and Provide guidance on all required repairs. All of these goals are to check wind farms faster and more accurately at a lower cost, ensuring a more efficient workflow.

According to research, Russel McMeekin, president and CEO of mCloud, said: "Based on research, turbine blade damage can result in annual energy production losses of up to 25%, and we will be the only provider of digital blade detection capabilities powered by artificial intelligence. Set new standards on how the industry will examine and how asset owners ultimately benefit from the optimal performance of their assets. When we enter the second half of 2018 and lead to 2019, NGRAIN's artificial intelligence technology and ours The combination of internal wind expertise will enable us to further optimize our customers' asset health budget."

Now mCloud has completed the acquisition of NGRAIN, which will be implemented in the second quarter of 2018. The product solution has been used in a large number of global assets and will see results in a short period of time. Commenting on the news, Dr. Barry Po, Senior Director of Product and Business Development at NGRAIN, said: "Since the announcement of this transaction earlier this year, we have been working closely with the mCloud team. We have positioned ourselves as part of the AssetCare Wind solution. Significant progress has been made in actively launching our AI-driven damage assessment capabilities."

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