Universal mCloud Completes Purchase of NGRAIN

Universal mCloud has completed their purchase of NGRAIN, a leader in artificial intelligence (AI) and 3D augmented reality software (AR).

mCloud Universal Company Logo

The purchase will see NGRAIN’s AI and AR technology – which currently serves a number of aerospace and military applications that demand high precision and reliability – enable mCloud to offer the same grade of capabilities to maximise the performance of critical energy assets. This will see the revolutionary AI and 3D/AR technology that NGRAIN provide being worked into mCloud’s AssetCare Cloud Solution, expanding their product portfolio.

One company that currently benefits from NGRAIN’s technology is Lockheed Martin, who make use of the Battle Damage Assessment and Repair capabilities for maintenance, sustainment, and readiness of their F-35 and F-22 stealth fighters. The damage assessment technology, which will see drones deployed to conduct high-resolution aerial surveys of wind turbines along with NGRAIN’s sophisticated computer vision capabilities to semi-autonomously inspect turbine blades for damage, correlate blade condition with turbine output and provide guidance on all required repairs. The goal of all this is to allow for faster and more precise inspections of wind farms at a reduced cost ensuring more effective workflows.

NGRAIN Company Logo

Russel McMeekin, President and CEO of mCloud, commented on the purchase by stating: “According to research studies, turbine blade damage can result in annual energy production losses of up to 25%, we will be the industry’s only provider of an AI-powered Digital Blade Inspection capability, setting new standards both in terms of how the industry will conduct inspections going forward and how asset owners will ultimately profit from the optimized performance of their assets. As we head into the second half of 2018 and lead up to 2019, NGRAIN’s AI technology, combined with our in-house wind expertise, will allow us to further optimize customer’s asset care budgets.”

Now that mCloud has completed its purchase of NGRAIN the technology will be implemented by Q2 2018, seeing the product solution being used across a large number of worldwide assets that should see results within a short time. Dr. Barry Po, NGRAIN’s Senior Director, Product and Business Development commented on the news by stating: “We have been working closely with the mCloud team since announcing this transaction earlier this year. We have made great progress in defining and getting ready for a very aggressive roll-out of our AI-powered damage assessment capabilities as part of the AssetCare Wind solution.”

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