REG - Thalassa Holdings - Swarm technology research collaboration by ARL

Thalassa HoldingsAnnouncement

05/10/2018 07:05

RNS Number : 0515D
Thalassa Holdings Limited
05 October 2018
 


Thalassa Holdings Ltd
(Reuters: THAL.L, Bloomberg: THAL:LN)
("Thalassa", "THAL" or the "Company")
Swarm technology research collaboration reported by Autonomous Robotics Ltd
 
The Board of Thalassa is delighted to announce that its wholly owned subsidiary, Autonomous Robotics Ltd ("ARL"), has signed a collaboration agreement with Robert Gordon University to conduct research on swarm technology of autonomous underwater vehicles. The work is supported by the Oil & Gas Innovation Centre.
 
ARL's full press release is repeated below.
 
The board of Autonomous Robotics Ltd (ARL) is pleased to report a collaboration with Robert Gordon University (RGU) on swarm technology research (Swarm Technology) of a simultaneous, distributed and scalable localisation system for a swarm of autonomous underwater sensor flying nodes. The purpose of this research is to further enhance the capability of the flying node system and further reduce the cost and time for ocean bottom seismic surveys.
 
RGU is a leading Scottish university in Aberdeen, the oil capital of Europe, and its School of Engineering has an outstanding track record of working in collaboration with industry. The Swarm Technology research will be performed by Dr Wai-keung Fung and Mr Adham Sabra, who are with the Communications and Autonomous Systems Group within the School of Engineering, with results of the research expected within 12 months.
 
Dave Grant (ARL Chairman) said, "ARL are working with RGU to research and create a practical localisation system for the flying node system which will allow the flying nodes to operate in a swarm and move from their initial seabed position to a new seabed location. This Swarm Technology will be used to enhance the capability of the flying node system and provide even greater savings in cost and time for the offshore energy operators performing ocean bottom seismic surveys. I would also like to thank the Oil & Gas Innovation Centre (OGIC) for their support of this project. OGIC assists companies to find academic partners and provides funding for innovative projects which benefit the oil & gas industry".
 
Dr Wai-keung Fung, Group lead of the Communications and Autonomous Systems Group at RGU, added: "This great opportunity enables our research group to apply AI algorithms for large scale underwater swarm localisation, which is one of the core research problems in underwater robotics and sensor networks. Localisation accuracy can be greatly improved by fusing estimates from multiple localisation methods. This can enhance autonomous deployment and retrieval of underwater flying nodes for various subsea missions, including marine seismic surveys."
 
Ian Phillips, Chief Executive of OGIC, added: "These examples highlight the exciting technology which can be developed when we work with the expertise and knowledge that exists within Scottish universities. Supporting these university-introduced projects is just another way we are continuing to invest in the future of the industry."
 
Thalassa Holdings Ltd 
   Duncan Soukup, Chairman                                                 +33 (0)6 78 63 26 89
WH Ireland Limited (Nominated Adviser and Broker) 
   Chris Fielding, Managing Director, Corporate Finance       +44 (0)207 220 1650 
www.thalassaholdingsltd.com  
Note to Editors:
Thalassa Holdings Ltd, incorporated and registered in the BVI and quoted on AIM, is a holding company with various interests across a number of industries.
 
 




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
AGRLLFFRIVLSIIT