Kudan Announces Strategic Partnership with STS Group to Jointly Expand Digital Asset Platform Solution Business towards European Municipality and Utility Infrastructure Sectors
Kudan Inc. (headquarters in Shibuya-ku, Tokyo; CEO Daiu Ko, hereafter “Kudan”), a leading provider of real-time simultaneous localization and mapping (SLAM) software, is proud to announce that it has signed a Memorandum of Understanding (MOU) for strategic partnership with STS Engineering & Construction Kft. (including its group companies, hereafter “STS Group”), a leading renewable energy engineering, procurement, and construction (EPC) company headquartered in Hungary. This partnership aims to transform the asset management for European municipalities and utility customers by combining Kudan’s SLAM technology and mapping productization package with STS Group’s 15-plus years of market expertise and experience in energy infrastructures.
In the dynamic landscape of public and utility infrastructure sectors, challenges such as aging infrastructure, workforce shortages, escalating regulatory requirements, and costly operational procedures are becoming increasingly apparent in recent years. Traditional methods that rely on manual inspections, fragmented data management, and limited visibility have created barriers to the optimal functioning of these crucial infrastructures. The strategic alliance between Kudan and STS Group seeks to address these challenges head-on, bringing together Kudan’s SLAM-based mobile mapping technology and digital asset platform solution offering with STS Group’s extensive industry experience in public infrastructure to guide the asset management in these sectors to next level.
“We are excited to partner with STS Group and leverage their experience in the energy industry and large-scale project as main contractor to further enhance and expand the scope of our SLAM technology and turnkey End-to-End Digital Asset Platform Solution,” said Daiu Ko, CEO of Kudan. “This cooperation will help us to deliver our state-of-art asset digitization solutions faster and provide them for Municipalities, Energy Companies, Utilities and Transmission System Operators enabling them to achieve significant productivity increase, faster design and a highly effective Operation and Maintenance against their critical assets.”
“STS Group has been a leading group of companies in the Hungarian energy market for 20 years, designing and constructing power grids and power plants, renewable energy power plants, operation and maintenance.” said Tamás Gyepes, Founder and Group CEO of STS Group. “Digitalisation in this industry is opening an increasingly important space for design and operation & maintenance. We observe a very strong connection in its development with the use of Kudan’s technology and solution, which open up a new business opportunity in the Europe electricity and utility market. Digitalization could lead to significant technological advances and efficiency improvements in the future energy sector, and the collaboration between Kudan and STS Group would play a crucial role in contributing to these advancements.”
The partnership between Kudan and STS Group represents a powerful alliance that promises innovation, efficiency, and excellence in the realm of digital asset management. As both companies embark on this critical business together, we are committed to working closely and transforming the asset operation and management for the municipality and utility infrastructure sectors in Europe.
About STS Group.
Founded in 2002, STS Group is an internationally recognized Engineering, Procurement, and Construction (EPC) company with over 15 years of experience. Specializing in High Voltage infrastructure projects, Renewable Energy initiatives, and Energy Asset Operation and Maintenance, STS Group is committed to delivering high-quality solutions across the energy sector. Learn more at https://stsgroup.hu/.
About Kudan Inc.
Kudan is a deep tech research and development company specializing in algorithms for artificial perception (AP). As a complement to artificial intelligence (AI), AP functions allow machines to develop autonomy. Currently, Kudan is using its high-level technical innovation to explore business areas based on its own milestone models established for deep tech which provide wide-ranging impact on several major industrial fields.
For more information, please refer to Kudan’s website at https://www.kudan.io/.
Name: Kudan Inc.
Securities Code: 4425 (TSE Growth)
Representative: CEO Daiu Ko
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