The solutions business is a business in which Kudan collaborates with system development companies, application development companies, hardware manufacturing companies, mapping service companies, and other partners to package and provide Kudan’s artificial perception/SLAM algorithms into solution services that can be used by end customers.

In Europe, Kudan has established a collaborative partnership with STS Engineering and Construction Kft., a renewable energy engineering, procurement, and construction company headquartered in Hungary (Reference: Kudan Announces Strategic Partnership with STS Group to Jointly Expand Digital Asset Platform Solution Business towards European Municipality and Utility Infrastructure Sectors (November 14, 2023)), to provide solutions for digital twins in the mapping area (Digital Asset Management Solution, hereafter “DAMS”), and furthermore, Kudan has been discussing with several customers to start DAMS projects.

In the European market environment, the Council of the European Union and the European Council Meeting have strengthened the political policy of emphasis on renewable energy by raising the 2030 renewable energy ratio target to 42.5%. In response, plans for new large-scale renewable energy power plants, such as mega solar power plants, and capital investment in power grids are expanding across countries in Europe.

With this background, Kudan has been working with energy companies and facilities management companies to develop a plan to implement its DAMS for the DX of major power infrastructure, targeting power grids and substations.

DAMS is a one-stop digital solution that generates a digital twin of facilities, and based on the digital twin, realizes facilities management planning, asset data management, operation and maintenance, and project management. This solution significantly improves the efficiency, reduces costs, and adds value to facilities management operations as follows.

EFFICIENCY IMPROVEMENT AND COST REDUCTION:

• 10x ~ 20x faster asset data collection and processing time
• 30% ~ 50% less search time for asset data and avoid physical facility visit
• 2x ~ 5x efficiency improvement for asset data utilization
• 20% ~ 40% productivity increase of facilities management operation

INNOVATION REALIZATION:

• Expand the type of assets that can be managed
• Generate new business through information sharing and interdivisional cooperation
• Decentralize the maintenance works and activities
• Enable Total Productive Maintenance (TPM)

With the backing from the digitalization strategies of European countries, Kudan and the following companies are currently working together to formulate plans and close contracts for the DX by DAMS implementation by 2026, targeting approximately 2,000 km of power grid, approximately 200 substations, and many other facilities.

• E.ON SE (One of the world’s leading energy companies headquartered in Germany)
• MAVIR Ltd. (Hungarian state-owned company and part of the MVM group, Europe’s major energy company)
• SolServices Ltd. (Part of Polat holding, a major real estate company headquartered in Turkey)
• Other world leading companies in facilities management, etc.

In addition, the demand for DX for facilities management is growing in the public and manufacturing sectors, and Kudan will work with European governments to expand its business to meet this demand.

• Public sectors: Public buildings, transportation-related facilities, roads, green spaces/parks, airports/harbors, etc.
• Manufacturing sectors: Manufacturing facilities, Energy facilities, , Building facilities, etc.

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/.

■Company Details
Name: Kudan Inc.
Securities Code: 4425 (TSE Growth)
Representative: CEO Daiu Ko

■For more details, please contact us from here.

The post Notification Concerning Initiatives and Future Plan Outlook for Digitalization of Major Electric Power Infrastructures in Europe first appeared on Kudan global.

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/.

■Company Details
Name: Kudan Inc.
Securities Code: 4425 (TSE Growth)
Representative: CEO Daiu Ko

■For more details, please contact us from here.

The post Kudan Announces Strategic Partnership with STS Group to Jointly Expand Digital Asset Platform Solution Business towards European Municipality and Utility Infrastructure Sectors first appeared on Kudan global.