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MarketScreener Homepage  >  Equities  >  DUBAI INTERNATIONAL FINANCIAL EXCHANGE LTD.  >  DP World PLC    DPW   AEDFXA0M6V00

DP WORLD PLC

(DPW)
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DP World : Rajant And Velodyne Lidar Support Portwide Autonomy for DGWorld's ITVs At DP World's Largest Port; M2M Wireless and Lidar Integral to Jebel Ali Port Automation by DGWorld

06/18/2020 | 09:08am EST
Malvern, PA -	Rajant Corporation, the provider of Kinetic Mesh® wireless networks, and Velodyne Lidar, Inc., a market leader in lidar technology, together are playing a vital role behind the agreement between DP World, UAE Region and the autonomous vehicle, robotics, and artificial intelligence (AI) specialist DGWorld. The contract will equip DP World's Jebel Ali Port, the world's ninth busiest seaport, with a fleet of DGWorld's Autonomous Internal Terminal Vehicles (AITVs), including integration into the existing operational processes and infrastructures. This deployment supports DP World's visionary strategy for future-proofed, seaport digitalization setting a new global standard for port operations, supply chains, and trade.

Rajant's fully mobile M2M Kinetic Mesh BreadCrumb® wireless nodes, along with Velodyne's Puck(TM) 3D lidar sensors, are vital to enable DGWorld to deliver and integrate their autonomous technology into the existing ITV fleet in multiple phases. DGWorld's goal is to further increase the operational efficiency of the terminal and reduce the overall size of the currently used fleet.

Velodyne Puck sensors will provide rich computer perception data to help determine the safest way to navigate and direct AITVs in the complex, busy DP World, UAE Region seaport. The Rajant wireless mesh network provides a continuous communications infrastructure to ensure the AITVs are always interconnected and working together.

According to Matthias Krause, General Manager at DGWorld: "We trialled other wireless technologies, including the latest 5G, before discovering Rajant. They all had the same physical limitation, which is that wireless cannot go through large, metal container stacks. Rajant's Kinetic Mesh M2M technology allows the vehicles to talk to each other, which is critical to communicate fleet directions between container stacks. Velodyne Lidar has proven that their sensors are delivering unmatched data and can handle even harsh environments without problems, so it was an obvious choice. Both Velodyne and Rajant provided local support to ensure the project was a success. We have been impressed with their professionalism and extra support over the last several years."

"Velodyne is honored to be selected to help fully automate terminal vehicle transport at Jebel Ali Port, the premier port in the Middle East. This exciting initiative will enable port terminal vehicles to work fully autonomously without drivers in a hectic, crowded environment," said Erich Smidt, Executive Director Europe, Velodyne Lidar. "We want to thank our valued partner DGWorld for their vision in how Velodyne's 3D lidar sensors can power automated guided vehicles (AGVs) that provide a quantum leap in port terminal automation in the region and beyond."

"Selecting Rajant Kinetic Mesh to serve as the backbone for DGWorld and DP World Jebel Ali Port really highlights the difference between Rajant M2M InstaMesh technology and Wi-Fi, 4G, and 5G," said Geoff Smith, Rajant's Executive Vice President of Sales and Marketing. "We are pleased to be chosen to make this AITV fleet deployment possible. Rajant is the only industrial wireless network for mobile machine-to-machine (M2M) communication, which is also capable of overcoming RF signal blockages of large metal containers and signal interference from ships, radar, and neighboring ports."

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About Velodyne Lidar

Velodyne provides smart, powerful lidar solutions for autonomy and driver assistance. Headquartered in San Jose, Calif., Velodyne is known worldwide for its portfolio of breakthrough lidar sensor technologies. Velodyne's founder, David Hall, invented real-time surround view lidar systems in 2005 as part of Velodyne Acoustics. Mr. Hall's invention revolutionized perception and autonomy for automotive, new mobility, mapping, robotics and security. Velodyne's high-performance product line includes a broad range of sensing solutions, including the cost-effective Puck(TM), the versatile Ultra Puck(TM), the autonomy-advancing Alpha Puck(TM), the ADAS-optimized Velarray(TM) and the groundbreaking software for driver assistance, Vella(TM).

About Rajant Corporation

Rajant Corporation is the exclusive provider of private wireless networks powered by the patented Kinetic Mesh® network, BreadCrumb® wireless nodes, and InstaMesh® networking software. With Rajant, customers can rapidly deploy a highly adaptable and scalable network that leverages the power of real-time data to deliver on-demand, mission-critical business intelligence. A low-latency, high-throughput, and secure solution for a variety of data, voice, video, and autonomous applications, Rajant's Kinetic Mesh networks provide industrial customers with full mobility, allowing them to take their private network applications and data anywhere. With successful deployments in more than 55 countries for customers in military, mining, ports, rail, oil & gas, petrochemical plants, municipalities, and agriculture. Rajant is headquartered in Malvern, Pennsylvania with additional facilities and offices in Arizona, Kentucky, and Alabama. For more information, visit Rajant.com or follow Rajant on LinkedIn and Twitter.

Source: RealWire

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(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials (USD)
Sales 2019 7 686 M - -
Net income 2019 1 189 M - -
Net Debt 2019 13 540 M - -
P/E ratio 2019 9,45x
Yield 2019 3,05%
Capitalization 13 471 M 13 471 M -
EV / Sales 2018 3,92x
EV / Sales 2019 3,18x
Nbr of Employees 56 000
Free-Float -
Income Statement Evolution
Managers and Directors
NameTitle
Ahmed Sultan bin Sulayem Group Chairman & Chief Executive Officer
Mike Bhaskaran Chief Operating Officer-Logistics & Technology
Tiemen Geerts Meester Chief Operating Officer-International Ports
Yuvraj Narayan Group Chief Financial Officer & Executive Director
Deepak Shantilal Parekh Senior Independent Non-Executive Director
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