MNO Maestrano Group Plc

TIDMMNO

Maestrano Group PLC

26 October 2021

26 October 2021 - REACH

Maestrano Group PLC

("Maestrano" or the "Company" or the "Group")

New Product Announcement

Maestrano Group PLC (AIM: MNO), the Artificial Intelligence platform for transport corridor analytics, today announces the launch of the Next-Generation Lumos Series LiDAR sensor, designed and manufactured by its wholly owned subsidiary, Nextcore.

First launched in 2018, Nextcore's RN Series of high performance LiDAR sensors offered a breakthrough in terms of weight and delivering high performance. The Lumos is a new generation of sensor that is lighter, more accurate and faster, and powered by Maestrano's proprietary software it delivers best in class performance, greater affordability and ease of use for customers. The improvements increase the addressable market size for Lumos.

The Lumos series consists of two systems capable of fitting onto an even wider variety of drones from manufacturers in China, the US, and Europe. Both systems are lightweight, beginning at just 1.5kg and capable of flight heights up to 120 metres. Greater flight heights allow users to survey even wider areas per flight, bringing significant improvements in efficiency and cost.

The accuracy Lumos can achieve at 120 metres is traditionally reserved for more expensive systems. Greater accuracy improves the quality of the final output whether it is for surveying land, powerlines, roads, railways, environmental sites, or for use in archaeology among other applications. The improved performance enables Lumos to work more quickly and, for customers, is even easier to use.

Ashley Cox, COO of Nextcore, said: "We've been listening to our customers, to gauge their needs and build a future-proof sensor. Our onboard inertial navigation and data fusion software leads the industry, and Lumos is a new benchmark for hardware performance. The Lumos architecture is also shared with the Cordel Wave ruggedised sensor for deployment on rail and road vehicles for precision data capture for the Cordel Machine Learning platform."

Nick Smith, CEO, Maestrano, said: "Nextcore is an important business unit for Maestrano, and key to the technology leadership of our Cordel and Airsight operations. Building our own sensors means we can optimise them for specific applications and vehicles, giving the Group a clear differentiation and advantage against our competitors. The Company benefits from the ability to share R&D and deploy a common technology platform across different product and business lines."

Enquiries:

Enquiries:

 
                                                  c/o SEC Newgate 
   Maestrano Group PLC 
 Ian Buddery, Chairman 
  Nick Smith, CEO 
 Arden Partners (Broker and Nominated Adviser)    +44 (0)20 7614 5900 
 Ruari McGirr / Richard Johnson 
 SEC Newgate (Financial PR)                       +44(0) 7540 106366 
 Robin Tozer / Bob Huxford / Tom Carnegie         maestrano@secnewgate.co.uk 
 

About Maestrano

Maestrano offers a patented cloud-based platform for master data management and specialist hardware and software for capturing, analysing and reporting on large datasets within the transport sector, employing sophisticated artificial intelligence algorithms.

Further information on the Company is available at: www.maestrano.com

A Maestrano subsidiary, Nextcore builds survey-grade LiDAR systems for UAVs and drones. Built for simplicity and tested for durability, Nextcore LiDAR systems are ideal for assessment and surveys of power lines, steep terrain, highly vegetated areas, limited access environments and more. www. nextcore.co

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October 26, 2021 02:00 ET (06:00 GMT)

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