- Strategic Elements (SOR) gained more than 70% share price momentum within a on major technological developments
- The company struck a deal with leading US drone firm Planck AeroSystems and now will develop a drone launching and landing capable vehicle
- Also, SOR is all set to licence the CSIRO’s technology for its security robots
On Tuesday, 17 November 2020, pooled development fund Strategic Elements Limited (ASX:SOR) closed the day’s trading at A$0.125, demonstrating a 4.17% uptick from the previous close. The company went on to gain more than 71% in last 30 days owing to technological developments, a collaboration deal and licensing of CSIRO technology for its security robots.
Let us scan through the latest two developments that have fuelled the spurt in the share price.
Strategic Elements’ subsidiary licences CSIRO technology
SOR subsidiary Stealth Technologies, on 12 November, announced that it is all set to licence the CSIRO technology for its robots responsible for security.
Australia’s national science agency has been labouring a lot on the Wildcat simultaneous localisation and mapping (SLAM) technology for more than ten years now. Fundamentally, it helps robots connect, share data and work together in teams.
With the backing of CSIRO’s technology, Stealth can create self-sufficient robots to traverse and build high-definition maps of their surroundings.
The SOR subsidiary will be using the technology to utilise Autonomous Security Vehicles (ASV)s for the global perimeter security market which would be worth US$282.26 billion in duration of five years.
SOR inks new partnership with renowned US drone company Planck AeroSystems
On November 4, 2020, Stealth Technologies signed an agreement to join forces with leading US based autonomous drone technology company Planck AeroSystems. Both the companies have agreed to work towards enabling drones to automatically launch and land from the Stealth ground based autonomous vehicle platform (AxV).
Stealth Technologies is an innovation research company fully owned by SOR. It has been in news in recent past because of its autonomous ground based autonomous vehicle technology.
Blending the two technologies will influence the comparative forces of both the companies. The surveillance capacity of the ASV will be getting combined with a high-speed drone potential.
Strategic Elements shared that drones can be launched from the AVS at any point while on patrol, effectively doubling the ASV’s surveillance coverage capabilities.
Planck’s underlying empowering technology is all about vision-based accurate landing on mobile surfaces without the assistance of GPS. Drones can boost cameras and sensors situated on ground and give them extra range, multi-angle coverage and add on critical data.
The Stealth and Planck merger will focus on enabling the ASV to launch and land drones. The long runtimes of ASV will be combined with high speed of drones. Drones can also be recharged once they land on the ASV and can be relaunched.
The parties will also evaluate the potential of integrating mobile tethered drones with the ASV. Traditional ground tethered drones can only fly in a single location, while the drones tethered from the ASV could move with the ASV while airborne.
The company’s priority lies in generating high-risk reward ventures and projects by combining teams of leading scientists and innovators in the sector of technology and science. With a flurry of exciting developments in its bag, the Company seems to be on the right track.
Interesting Read: Scope of Perimeter Security Market: A Glance at SOR, DRO, SP3