TechStockReport
3 years ago
EYEfi Expands Bushfire and Lightning Detection System for Melbourne Water
TORONTO, ON / ACCESSWIRE / May 13, 2021 / EYEfi Group Technologies Inc. (CSE:EGTI) is pleased to announce the outcome of delivering the EYEfi Spatial Video platform and patented SPARC technology to Melbourne Water. Melbourne Water is a statutory authority responsible for managing some of Victoria's largest and most critical water catchments and associated assets covering more than 160,000 hectares (395,369 acres).
Melbourne Water has direct responsibility for bushfire planning, management, and the identification of bushfires within and around Melbourne's water catchments.
EYEfi's Spatial Video platform and SPARC technology provided Melbourne Water with spatial targeting (Geo-pointing) capabilities using high precision visual spectrum cameras and thermal sensors (provided by Axis Communications) along with lightning detection capability. EYEfi enabled key fire personnel the ability to determine in real-time, the geographical location of a fire to within +/- 75 meters (82 yards) at a 95% confidence level at 15 kilometers (9.3 miles) – although SPARC target locations were recorded well over 40 kilometers and within a 250 meter accuracy – and without the need for triangulation or any other frame of reference.
Tim Wood, Melbourne Water's General Manager Asset Management Services, said: "The EYEfi SPARC technology has been successfully deployed and utilised by Melbourne Water throughout the 2020/21 fire season. This technology has enabled us to remotely identify the location of fires using the EYEfi technology located at Poley Tower in the O'Shannassy Reservoir catchment. The technology also offered Melbourne Water new capabilities, such as geo- targeting of fire and lightning strike events under any conditions without the need for triangulation and at any time of day, providing us with accurate and real-time results."
Fire personnel using the system were able to work remotely to the tower to augment their surveillance activities. Other personnel were also able to access the EYEfi cloud platform remotely, share the information with authorised users and perform key surveillance and monitoring activities from any location.
The EYEfi platform and technology allows for an efficient and accurate location of fire sites with SPARC's geo-pointing capabilities and automated workflow. This improves efficiency and importantly, safety and OH&S outcomes.
Simon Langdon, EYEfi CEO, said: "Melbourne Water management have been impressed with the results and use of EYEfi SPARC as an operational tool during the 2020/21 fire season. As a company, we are very excited to deliver this new capability and solve some critical issues for Melbourne Water."
TechStockReport
3 years ago
EYEFI Awarded New Contract with an Australian State Government Organization
TORONTO, ON / ACCESSWIRE / June 16, 2021 / EYEFI Group Technologies Inc. (CSE:EGTI)(OTC PINK:EGTTF) ("the "Company") is pleased to announce it has successfully won a tender for the provision of integration services and a Phase 1 implementation for a large Australian State Government organization.
This project expands the use of EYEfi Cloud and the Automated Incident Management (AIM) capability to provide visibility and connection of cameras located external to the organization and will also be securely accessible by all authorised and connected organizations.
EYEfi will be taking a lead role in providing technology integration to the organization, with Phase 1 implementation enabling the connection of 3rd party cameras operated by bus companies, along with other mobile and portable traffic management camera providers. The organization will have access to all camera data and EYEfi's next-generation AIM platform, within EYEfi Cloud.
EYEfi's AIM product is currently installed across the entire fleet of Incident Management Vehicles (IMV's) with the organization, providing improved incident management, compliance, reporting and safety of its field personnel.
The existing solution sold to the organization processes more than 3000 incidents per month, providing real-time incident visibility, GPS tracking of vehicles, automation of incident workflow processes, and a system of record for all incidents being attended to by incident management personnel.
EYEfi will provide further updates to the market once Phase 1 implementation has been completed and should the organization expand the service to the rest of their network.
--- end ---
About EYEfi in detail:
EYEfi is connecting the world's people and devices with the world around them, in real-time and in ways not previously possible.
EYEfi is a software and electronics engineering company that has developed, patented and commercialized an innovative spatial technology; spatial, predictive, approximation and radial convolution (SPARC) and an associated product suite, that turns sensors, cameras and smartphones (fixed, mobile, airborne, portable or handheld) into geo-target co-ordinate acquisition devices.
EYEfi has also developed IIoT sensor hardware and associated cloud software, as a second pillar within its product offering. EYEfi Cloud is a next generation cloud platform that provides a secure and centralized environment where customers can manage their EYEfi product deployments and applications.
On behalf of the board of directors of
EYEFI GROUP TECHNOLOGIES INC.
TechStockReport
3 years ago
InvestmentPitch Media Video Discusses EYEfi Group's Appointment of Dr. Ian Meredith AM to its US Based Advisory Board to Spearhead US Expansion - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2021) - EYEfi Group Technologies (CSE: EGTI) (OTC Pink: EGTTF), an electronics engineering and software development company, has appointed Dr. Ian Meredith AM to its US based advisory board. Dr. Meredith, the Executive Vice President and global Chief Medical Officer at Boston Scientific Corporation, is responsible for leading clinical science and medical affairs for the company and providing global leadership of Boston Scientific's clinical trial strategy.
For more information, please view the InvestmentPitch Media "video" which provides additional information about this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter "EYEfi" in the search box.
Boston Scientific, which develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide, reported revenue of US$9.9 billion for the year ending December 2020. Dr. Meredith will spearhead EYEfi's expansion into the United States and assist the company with strategic introductions to potential new US based customers and channel partners. His contract calls for him to provide a minimum of 3 strategic referrals in the US within 18 months with several key targets already identified.
EYEfi's geospatial technology 'SPARC' is a registered patent in 7 countries including Canada and the United States. The technology, which includes a set of proprietary algorithms that can be installed on any camera or sensor and used to determine the location of any object being viewed or pointed at by the device, does not use GPS, satellite or the internet and it is totally covert and undetectable when in use.
The algorithms also have several proprietary modules. For example, an image that has been captured using SPARC can be shared or integrated into 3rd party applications to conduct a reverse look up on any pixel to pull location data, plus any other dataset on the internet that is relevant to that location at that time.
There is a broad range of applications for the SPARC technology including use in drones, autonomous vehicles, military, and medical devices. There is a growing demand for medical devices to leverage spatial and 3D data, such as Google Glass owned by Google, Tesla owned by Elon Musk, and Elon Musk backed NeuraLink, which is developing devices to interface with the human brain.
Dr. Ian Meredith, stated: "I am delighted to join EYEfi's US advisory board to help drive/design/guide the expansion of this technology into the rapidly evolving healthcare milieu. As every step on the healthcare continuum continues its remarkable digital transformation in the 21st century, there may well be significant opportunities to integrate EYEfi's inspired technology into meaningful healthcare solutions. I am delighted to have the opportunity to help guide this translation."
SPARC, an acronym stands for spatial, predictive, approximation and radial convolution, along with an associated product suite, turns sensors, cameras and smartphones, whether fixed, mobile, airborne or portable, into geo-target co-ordinate acquisition devices, connecting people and devices, in real-time and in ways not previously possible.
EYEfi has also developed Industrial Internet of Things sensor hardware and associated cloud software, as a second pillar within its product offering. EYEfi Sensors connect and deliver data to EYEfi Cloud, a next generation cloud platform that provides a secure and centralized environment where customers can manage their EYEfi product deployments and applications, using a simple to use dashboard style user interface.
The company is well funded having recently raised $2.2 million. The shares, which began trading on the CSE on December 4, 2020, are currently trading at $0.80.
For more information about EYEfi's products, please visit the company's website www.EYEfiGroup.com, contact Simon Langdon, CEO, by email at info@EYEfiGroup.com. For investor relations in North America, please contact Mark van der Horst at 604-760-7604 or by email at mark@GaleCapital.com.
About InvestmentPitch Media
Investmentpitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.
CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com
TechStockReport
3 years ago
EYEFI Expanding to the United States
TORONTO, ON / ACCESSWIRE / June 23, 2021 / EYEFI Group Technologies Inc. (CSE:EGTI)(OTC PINK:EGTTF) ("the "Company") is pleased to announce the appointment of Dr Ian Meredith AM to EYEFI's US based advisory board to assist with expansion activities in the United States. Dr Meredith is Executive Vice President and global Chief Medical Officer, at Boston Scientific Corporation (NYSE:BSX) (a US$60B Fortune 500 device company headquartered in the United States). In this role, he is responsible for leading clinical science and medical affairs across Boston Scientific and providing global leadership of the company's clinical trial strategy.
EYEFI's geospatial technology ‘SPARC' is a registered patent in 7 countries including Canada and the United States. The technology includes a set of proprietary algorithms that can be installed on any camera or sensor and used to determine the location of any object being viewed or pointed at by the device. The solution does not use GPS, satellite or the internet and it is totally covert and undetectable when in use. The algorithms also have several proprietary modules, for instance an image that has been captured using SPARC can be shared or integrated into 3rd party applications to conduct a reverse look up on any pixel to pull location data, plus any other dataset on the internet that is relevant to that location at that time.
There are a broad range of use cases for the SPARC technology for use in drones, autonomous vehicles, military, and in medical devices. There is a growing demand for medical devices to leverage spatial and 3D data, such as Google Glass (owned by Google), Tesla owned by Elon Musk, and NeuraLink; another company backed by Elon Musk that is developing devices to interface with the human brain.
Dr Meredith has joined EYEFI's US based advisory board to assist the Company with strategic introductions to potential new US based customers and channel partners. Several key targets have already been identified in addition to those mentioned above.
Dr Meredith's remuneration will include 20,000 options with an exercise price of $.82 with 12-month expiry. An additional 100,000 options will be issued with an exercise price of $1.30, with vesting conditions (remain as consultant and provide a minimum of 3 strategic referrals in the US) with 18-month expiry.
Ian Meredith said:
"I am delighted to join EYEFI's US advisory board to help drive/design/guide the expansion of this technology into the rapidly evolving healthcare milieu. As every step on the healthcare continuum continues its remarkable digital transformation in the 21st century, there may well be significant opportunities to integrate EYEFI's inspired technology into meaningful healthcare solutions. I am delighted to have the opportunity to help guide this translation."
About EYEfi in detail:
EYEfi is connecting the world's people and devices with the world around them, in real-time and in ways not previously possible.
EYEfi is a software and electronics engineering company that has developed, patented and commercialized an innovative spatial technology; spatial, predictive, approximation and radial convolution (SPARC) and an associated product suite, that turns sensors, cameras and smartphones (fixed, mobile, airborne, portable or handheld) into geo-target co-ordinate acquisition devices.
EYEfi has also developed IIoT sensor hardware and associated cloud software, as a second pillar within its product offering. EYEfi Cloud is a next generation cloud platform that provides a secure and centralized environment where customers can manage their EYEfi product deployments and applications.
On behalf of the board of directors of
EYEFI GROUP TECHNOLOGIES INC.
"Simon Langdon"
Simon Langdon, CEO
For more information contact:
Simon Langdon
Chief Executive Officer
EYEfi Group Technologies Inc.
Mark van der Horst
Investor Relations
EYEfi Group Technologies Inc.
Telephone: +1 (604) 760 7604
Email: mark@galecapital.com
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