PrecisionHawk Introduces PrecisionAnalytics – Energy, Delivering Aerial Insights and AI for Energy, Utility, Renewables, and Oil and Gas Markets

Adding AI and Machine Learning to Aerial Intelligence Turns Drone
Data into Actionable Business Intelligence.

RALEIGH, N.C.–(BUSINESS WIRE)–PrecisionHawk,
Inc.
, a leading provider of drone technology for the enterprise,
today announced PrecisionAnalytics Energy, a complete aerial mapping,
modeling, and inspection platform that uses the latest generation of
artificial intelligence and machine intelligence to automate analysis of
their aerial data. Whether inspecting thousands of oil well pads or
hundreds of thousands of utility towers, PrecisionAnalytics’ customers
can reduce costs up to 80% and dramatically improve safety in the field.

The largest source of drone operators in world, PrecisionHawk has
150-plus full-time drone pilots and more than 15,000 drone service
providers in their drone pilot network. The company’s clients are using
the expansive operator network to capture data over tens-of-thousands of
miles of infrastructure. PrecisionHawk is also one of the only UAV
services companies that can fly BVLOS – extending the reach of how far
pilots can fly to collect data.

By working closely with so many enterprise clients during the data
capture phase, we have learned a tremendous amount about what they need
to be successful. Our customers have consistently told us that they need
a more efficient way to inspect their assets and analyze data.
PrecisionAnalytics is that solution — utilizing advanced AI and machine
learning to address the complexities of the energy enterprise,” said
Michael Chasen, CEO of PrecisionHawk. “The results speak for themselves:
drone-based aerial intelligence helps businesses reduce costs while
improving the safety of their workers and insight into their assets.”

PrecisionAnalytics Energy consists of five distinct market solutions:

PrecisionAnalytics — Distribution

Ground teams via today’s traditional manner of inspection typically find
that 10% of distribution poles are out of compliance. In contrast
PrecisionHawk, on average, found that the number is typically between
25%-30%. PrecisionAnalytics Distribution is a cloud-based system that
uses machine learning to automate the identification of distribution
pole and component damage. It cross-references the uploaded imagery
against distribution pole data and flags issues, producing a collection
of imagery prioritized by asset health.

PrecisionAnalytics — Transmission

With PrecisionAnalytics Transmission, utilities can replace dangerous
helicopter inspections, reducing inspection costs by up to 28%, and gain
unprecedented insight into the condition of assets. The platform applies
machine vision to identify areas of concern such as cracked insulators,
corrosion or structural issues, and aggregates collected data to provide
infrastructure statistics, vegetation maps, detailed views and
historical record keeping. For one top 50 American utility,
PrecisionHawk’s drone services increased the areas of concern identified
by 42%.

PrecisionAnalytics — Wind

Using PrecisionAnalytics Wind, some of the world’s leading turbine OEMs
and servicers have reduced climbs—today’s traditional manner of
inspection—by 50% and the cost of their inspections by 80%.
PrecisionAnalytics Wind offers intuitive reporting features and
AI-driven change detection that can identify issues such as leading-edge
corrosion, lightning strike damage, small cracks and wearing, gel coat
degradation and UV radiation damage on an entire fleet or a particular
blade. With PrecisionAnalytics Wind, turbine operators can reduce
hazardous man hours, accelerate analysis, reduce time-to-value of data
and increase uptime through preventative maintenance.

PrecisionAnalytics — Solar

PrecisionAnalytics Solar can measure the condition of an entire fleet or
a single module. With purpose-built machine learning, the platform
detects issues such as cell-level defects, bad diodes, reverse polarity,
storm damage, rack shifts and foreign objects. Users of
PrecisionAnalytics Solar can integrate the solution with their existing
asset management program, reducing the time required to conduct
inspections—today, traditionally done by plane flyovers or by foot—by up
to 90%, identifying up to 10 times as many issues and predicting future
outages so that they can prioritize needed repairs.

PrecisionAnalytics — Oil and Gas

Oil and gas supermajors are using PrecisionAnalytics to replace
dangerous manned aircraft inspections with drone deployments and hours
of tedious image review with machine intelligence, ultimately gaining
unprecedented insight into the condition of critical assets. The
solution offers leading thermal, infrared and LiDAR sensors, a methane
detection laser and optical gas indicators that can capture asset
conditions at a single point of time. With geospatial data that does not
compromise the assets themselves, managers can integrate with existing
enterprise resource planning systems, report their findings and take
action.

Now available to the public, PrecisionAnalytics has been adopted and
deployed across multiple energy enterprises. More information about the
solution can be found at https://www.precisionhawk.com/.

PrecisionHawk will debut PrecisionAnalytics at AUVSI
XPONENTIAL
, taking place April 29-May 2 at Chicago’s McCormick
Place. PrecisionHawk will be located at booth 1026 and featured in
several panel and speaking sessions, including the event’s main keynote
which will be delivered by CEO Michael Chasen. Media and analysts
interested in speaking with the team may contact precisionhawk@10fold.com.

About PrecisionHawk

PrecisionHawk is a leading provider of drone technology for the
enterprise. PrecisionHawk’s client list includes Fortune 500 companies
and market leaders in 150 countries, spanning a range of industries,
including agriculture, energy, insurance, government and construction.
To date, PrecisionHawk has raised more than $100 million from leading
venture capital firms including Third Point Ventures and Millennium
Technology Value Partners, with strategic investments from enterprise
customers and partners including Comcast Ventures, DuPont, Intel
Capital, NTT Docomo, and Yamaha Motor. The company, founded in 2010, is
privately held and headquartered in Raleigh, NC. More information about
PrecisionHawk can be found at www.precisionhawk.com
or on Twitter @PrecisionHawk.

Contacts

PrecisionHawk Contact:
Jared Brickman, Campaigns Marketing
Manager
precisionhawk@10fold.com

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