Caterpillar Ventures Invests in Airware to Advance Work Site Intelligence through Aerial Data at Scale

Airware, which provides end-to-end solutions that turn aerial data into actionable business intelligence for enterprises, announced today that it has secured a strategic investment from Caterpillar Ventures. The investment allows Airware to accelerate programs that enable dealers to offer solutions and services within the construction, mining, and quarrying industries, and highlights Caterpillar’s commitment in leading the Industrial Internet of Things (IIoT).

“This investment is a continuation of Caterpillar’s commitment to help our customers be more productive and make improved business decisions,” said George Taylor, Caterpillar Chief Marketing Officer & Vice President of the Marketing and Digital Division. “In collaboration with Airware, we are better positioned to offer drone services through industry-leading technology that helps digitize and optimize operations.”

In September of 2016, Airware acquired Redbird, a drone analytics pioneer, to bring to market the most powerful commercial drone solution for mining and aggregates. Today, teams from around the world are using the Airware Redbird solution to monitor day-to-day progress of their sites to improve productivity, worker safety, and operational efficiency.

Caterpillar dealers will be able to offer their customers drone services and analytics, including a core set of photogrammetry, mapping, and volumetrics tools, and a suite of advanced analysis and reporting modules. Caterpillar dealer Bergerat Monnoyeur to be among the first dealers.

Greg Arranz, General Manager, SITECH at Bergerat Monnoyeur added: “We are committed to bringing cutting-edge technology and world-class services to our customers. Airware is an established leader in putting drones to work for mining, construction, and quarrying. They understand the needs of our customers, what it takes to scale operations, and the importance of offering industry-specific analytics to drive better decision making. We’re proud to bring Airware to our customers.”


Company Info

  • Caterpillar Inc.

    100 North East Adams Street
    Peoria , IL
    US , 61629

    For more than 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2016 sales and revenues of $38.537 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments - Construction Industries, Resource Industries and Energy & Transportation - and also provides financing and related services through its Financial Products segment

    Read more

Latest News

Tags
Asset Management
Industry News

Attitudes shifting in purchasing approach for oil companies

The price of products and services trails other significant factors, such as value, life cycle, and durability as a purchase priority, according to a recent independent survey of oil and gas professionals making procurement decisions, conducted on behalf of Trelleborg’s oil and marine operation. Despite challenging times for the industry, when asked to rank different factors affecting their decision to purchase an oil hose, respondents listed ‘durability and life cycle’ as ‘vital’ over 80% of the time. The next most ‘vital’ factors were ‘aftersales support and service’, and ‘ease of installation’ at 32% and 28% respectively.

Read More

Tags
Occupational Health & Safety

E2S shows off globally approved hazardous warning signals at OTC

In Booth 1639 at OTC, held from May 1-4 in Houston, TX, E2S Warning Signals will be demonstrating a selection of its portfolio of more than 250 different explosion proof and intrinsically safe warning devices for use in hazardous locations. E2S alarm horns, PA loudspeakers, LED and Xenon strobes and integrated horn/strobe warning units employ the latest electronic technology and acoustic engineering to ensure high output, low current draw and extended reliability.

Read More

Tags
Asset Management

Industry looks for safer approach to reducing dropped object dangers

Natural disasters such as raging winds and seas may appear to create the greatest risks to offshore oil platforms and gas rigs, however safety related and life threatening accidents continue to plague operations and raise significant concerns with corporate leaders. It’s the growing number of reportable incidents and near misses that occur when overhead objects – equipment and tools – drop from hundreds of feet above a work area due to improper fastening and unreliable means of securing. 

Read More

Tags
Software & IT
Industry News

Connected-learning solution improves access to operator training simulation

Honeywell Process Solutions (HPS) announced a new connected-learning solution based on its industry-leading UniSim Competency Suite platform. Part of the Honeywell Connected Plant intiative, UniSim eLearn is hosted in the cloud and revolutionizes access to operator training simulation (OTS). It’s a key tool in delivering effective operator competency management. 

Read More

Tags
Pipelines

TransCanada seeks variance to allow North Montney Mainline Project go-ahead

TransCanada Corporation has filed a variance application with the National Energy Board to proceed with construction of the North Montney Mainline (NMML) Project in northeast British Columbia. TransCanada has previously been granted the required primary federal and provincial approvals to construct NMML, subject to conditions that included the requirement for a positive final investment decision on the proposed Pacific Northwest LNG (PNW) Project.

Read More

Tags
Asset Management

C rail and light crane systems designed for explosion and hazardous areas

J D Neuhaus, world leader in air hoists, cranes, trolleys and monorail hoists, is now introducing a range of C rail and light crane systems for operation with the company’s established and successful mini air hoist range. Both the C rail/suspension tracks and the light crane systems are rated for use in explosion and hazardous dust-laden areas up to ATEX Zone 2, 22.

Read More

Tags
Industry News

Shell remains most valuable oil and gas brand worldwide

Every year, leading valuation and strategy consultancy Brand Finance values the brands of thousands of the world’s biggest companies. Brands are first evaluated to determine their power / strength (based on factors such as marketing investment, familiarity, loyalty, staff satisfaction and corporate reputation) and given a corresponding letter grade up to AAA+. Brand strength is used to determine what proportion of a business’s revenue is contributed by the brand, which is projected into perpetuity to determine the brand’s value. The world’s most valuable oil & gas brands are ranked and included in the Brand Finance Oil & Gas 50 2017. 

Read More

Tags
Drilling & Production

Revolutionary coiled tubing product

Global Tubing, LLC, the industry leader in coiled tubing products and services, launches DURACOIL, a revolutionary coiled tubing product.  DURACOIL’s improved tubing fatigue life, predictability and resistance to abrasion minimizes downtime due to pipe failures.  It is also less susceptible to preferential corrosion and Microbial Induced Corrosion (MIC) than conventional coiled tubing.  

Read More

Tags
Pipelines

Successful open season from TransCanada lauded by BC

The British Columbia government has welcomed news of TransCanada successfully concluding a long-term fixed-price Open Season for natural gas transport on the Canadian Mainline from the Empress receipt point in Alberta to the Dawn hub in southern Ontario. The company confirmed that its recent Open Season resulted in binding, long-term contracts from Western Canada Sedimentary Basin (WCSB) gas producers to transport 1.5 PJ/d of natural gas at a simplified toll of $0.77/GJ.

Read More

Tags
Pipelines

Line of coalescing filter elements for gas processing

Clark-Reliance Corporation has announced a new line of coalescing filter elements for the gas processing industry. The new VertexCore filter elements have been designed to eliminate unsafe filter element changeout techniques while increasing filtration efficiencies. VertexCore elements have a fixed extension that is welded to the element end cap, which allows maintenance staff to easily remove and replace elements without exposing their head, shoulders, torso or legs to a confined space. This design feature eliminates the widespread behavior of climbing into or reaching into filtration pressure vessels to remove or replace elements. The VertexCore extensions and hold down rods, while facilitating element replacement, also provide a barrier to prevent operator entry, a positive reinforcement to confined space safety regulations.

Read More