Artificial Intelligence will change the world as we know it. International Data Corporation (IDC) says in 2020, AI will have saved U.S. businesses a whopping $60 billion! Mark Cuban of Shark Tank has even said that "the world's first trillionaires are going to come from someone who masters [this]..." That is why Foresense is driving forward and being propelled into global markets with our real world diversified AI solutions. The incorporation of AI into our world isn't a theory or hypothetical situation — it's a fact. The journey will continue to evolve, so must we!
NEW OPPORTUNITIES INCLUDING A JOINT VENTURE
Only just recently an example of Foresense and our AI solutions in global markets has resulted in the announcement of a dynamic joint venture into the global Agriscience market. I am delighted to inform you that Foresense has signed a global Joint Venture (JV) with ProduSense’s CEO and Founder, Adam Leslie, with the structure being cemented in a signed agreement (Foresense 60%, HIJL Pty Ltd 30%, Other Investors 10%). This Foresense JV will see great advancement in key pillars of Technology.
Smart crop monitoring : Connected irrigation & nutrient distribution equipment based on connected sensor data & imagery analysis's , optimising resource usage and crop growth through real time precise, location -dependent adjustments.
Drone farming: Drone surveillance and remote interventions based on image analysis and conn cited sensors communicating data with the drone, aimed at providing more frequent cost effective remote monitoring of large areas and enabling remote interventions to boost yield and reduce losses from pests as well as optimising deployment costs
Smart livestock monitoring: Individualised feeding and care plans based on connected body sensor data and movement tracking detection, early illness onset and providing each animal with optimal feed and medicine mix to maximise growth.
Autonomous farming machinery: Self-operating machinery and robots able to perform targeted interventions based on connected sensor data , GPS = data and imagery analysis aimed at optimizing resource usage , reducing labour requirements and boosting yield through more precise and individualised interventions.
Smart building & equipment management: Prescriptive maintenance and real time environmental adjustments aimed at improving performance and extending useful life of farm equipment and other assets as well as decreasing risk of mould, fire and other threats.
The agriculture industry has radically transformed over the past 50 years and now it must embrace a digital transformation enabled by connectivity. Now, agriculture is in the early days of yet another revolution, at the heart of which lie data and connectivity. Artificial intelligence, analytics, connected sensors, and other emerging technologies could further increase yields, improve the efficiency of water and other inputs, and build sustainability and resilience across crop cultivation. Then there are increasing environmental pressures, such as climate change and the economic impact of catastrophic weather events, and social pressures, including the push for more ethical and sustainable farm practices, such as higher standards for farm-animal welfare and reduced use of chemicals and water.
The journey for Farmers will continue to evolve and so must we!
SMART CITIES
Almost finalised is a major strategic alliance in the Smart Cities sector with a USA and Australian Company heavily placed in 5G. This alliance will see a front end and back end offering whereby 5G can be rolled out into major sites across Australia with the Foresense presence detection system following behind to provide a total presence detection monitoring system.
SECURITY SECTOR
In the commercial and domestic security sectors Foresense has been asked to collaborate with a large International Security Company in a major tender for Corrections Facilities incorporating our unique presence detection capabilities and MAC address and GSM recognition. Opportunities in this sector have also opened in USA.
RETAIL SECTOR
Foresense is currently in final stage discussions with a major national Australian retailer concerning Foresense AI and presence detection as well as a major USA shopping centre chain.
HOSPITALITY SECTOR
Our Foresense LA representative is currently progressing further discussions with MGM regarding a VIP real time loyalty paid membership programme.
PROGRESS UNDERWAY
oOH Media successful sensor deployment at Seven Hills and we’re now deploying 10,000 sensors Australia wide.
John Sands (part of American Greetings) Smart Shelving Proof of Concept underway in two Woolworths stores and a newsagent Sydney
ALNA sensor production for cash register locations started.
FORESENSE KEY PERSONNEL
We would like to announce that Anthony McIlwaine will now move into a new role as Head of Global Innovations as we spread into global markets and sectors. These sectors will include Agriscience as well as the pioneering and creation of new technologies in retail and logistics. We would also like to inform you that Lucky Thommadura has been appointed as CTO. Lucky has been involved with Foresense for some time in the creation of our sensors.
STRATEGIC DIRECTION
Foresense is heading towards an IPO on the ASX and we will be informing you of the timeline, plan and progress as soon as possible.
Joseph Barton
Chairman
Foresense Technologies
Glenn Weiland
Chief Executive Officer
Co-Founder
Foresense Technologies
