Strat Aero PLC (AIM:AERO) Geocurve awarded £1.1m 3D and Virtual Reality survey contract

Strat Aero is pleased to announce that its wholly owned Geocurve subsidiary has been awarded a contract to provide an innovative technology-based 3D and Virtual Reality survey service for the Environment Agency’s Thames Estuary Asset Management 2100 (TEAM2100) programme.


This reflects Geocurve’s continuing transition to becoming an industry leader as a specialist technology-based UK provider of data rich surveying services including multi-sensors and data analytics to create 3D mapping and Virtual Reality (VR) imaging.


The contract award to Geocurve follows the successful completion of a ‘proof of concept’ trial in which Geocurve proposed and demonstrated an innovative solution to deliver a 3D survey of the entire Thames defence and foreshore. The contracted surveys will use Geocurve’s full surveying and data analytics skill set and the latest technology comprising innovative mobile multi scanners and sensor platforms that capture a full 360° spherical view of image data as well as LiDAR data. This will enable a full 3D mapping and Virtual Reality representation of the River Thames.


The contract initially provides a fixed revenue of £1.1m over three years, with work beginning within the current quarter.


Trevor Brown, Executive Director of Strat-Aero, said “With this contract win Geocurve has demonstrated its potential to become a UK market leader in the supply of virtual reality and artificial intelligence surveying services to specialist customers on critical projects such as the Thames flood defences. Geocurve’s use of innovative technology gives it the potential to transform the nature of surveying.”


Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement may have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.


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