Momentum builds for SOR’s robotic vehicle technology, and the stock is surging
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Special Report: A new airborne drone capability is now in development, to accompany SOR’s market-leading ground-based robotic vehicle.
Tech innovation company Strategic Elements (ASX:SOR) continues to build momentum in autonomous vehicle technology through its fully-owned subsidiary, Stealth Technologies.
And investors are starting to take notice, with SOR shares following up yesterday’s 18 per cent gain with a rise of more than 25 per cent at the opening bell this morning.
With the stock now racing back towards pre-crisis highs, SOR announced today that Stealth is now working on a program to integrate airborne drones with its ground-based autonomous and robotic vehicle platform.
A prototype is expected to be completed early in the December quarter, resulting in an airborne drone that can augment on-ground surveillance vehicles with the integration of new sensor technology and additional camera angles.
The drone capability is the result of a CSIRO/DST Defence program that Stealth participated in last November, where it proposed the development of a land-based vehicle with the capability to launch and land drones.
As momentum with the project builds, Stealth continues to execute on the development of its Autonomous Security Vehicle (ASV), having recently commenced testing at WA’s Eastern Goldfields correctional facility.
This week, the company also announced it has filed three patent applications to take commercial control over the autonomous robotics technology being developed by Stealth.
The first patent is in connection with computing technology developed in-house by Stealth to enable on-board remote driving capabilities. The second patent is for the vehicle’s emergency braking technology, and the third is for its Perimeter Intrusion Detection Systems, which are based on multiple technologies including microphonics and photoelectric beams.
Along with its intellectual property, Stealth Technologies team is deploying the latest 3D printing technology, using “computer-aided-design (CAD) software to direct hardware to deposit material, layer upon layer, in precise geometric shapes”.
“Rapid prototyping has enabled the team to develop in days what could have potentially taken months.”
As the project develops, and with the backing of a US multinational technology company, SOR is demonstrating that its research-focused approach to innovation has the capacity to develop projects that add value for both clients and shareholders.