Current safety inspection failures and supply chain
disruptions experienced by Boeing and its airline customers create
a natural demand for AI to improve safety performance by
maintenance crews.
Top ten global airline has adopted and implemented the
Aviation Safety Platform after eighteen months of rigorous
testing.
Recent Sales and Marketing distribution agreements with
Microsoft Azure help speed deployment and adoption among
Microsoft's global aviation clients so that Remark AI's Aviation
Safety Platform (ASP) can reduce potential accidents and incidents
from happening.
LAS VEGAS, March 27, 2024 /PRNewswire/ -- Remark Holdings,
Inc. (OTCQX: MARK), a diversified global technology company
with leading artificial intelligence ("AI") powered computer vision
solutions, today announced the release of its Large Multimodal
Model (LMM) AI-Powered Aviation Safety Platform (ASP). Remark AI
developed the ASP to safely reduce inspection times associated with
aircraft engine maintenance as well as provide anti-collision tools
for aircraft towing and other functionalities, all while improving
the collection and reporting of essential performance data in a
multi-modal format.
Given the recent safety inspection failures and supply chain
disruptions experienced by Boeing and its airline customers, there
has never been a better time to utilize AI to improve safety
performance.
The ASP uses a large multimodal model to provide several
functionalities included in three essential components: an engine
inspection kit; an aircraft towing anti-collision system, and a
large multimodal model for business intelligence and reporting.
The portable Aero-engine Inspection Kit (AIK) detects damage to
aircraft engines, including damage such as combustion chamber
erosion, tear detection, blade curl, ablation, dimples or pits, lap
wear, and misalignment. Upon recognizing such damage, the AIK
evaluates it for severity and automatically generates an inspection
report with detailed images, thereby reducing staff workload and
inspection times from days to approximately 30 minutes, allowing
for real-time, pre-flight inspections before takeoff.
The Towing Anti-Collision System (TACS) provides aircraft towing
operators with functionalities that look for, warn of, and,
thereby, potentially prevent accidents. The system helps those
towing airplanes to avoid obstacles by utilizing the cockpit screen
to provide a real-time, three-dimensional view of the aircraft's
travel path, a dynamic environment status, and potential collision
warnings. The AIK's functionalities include collision prediction,
speed monitoring, and detection of abnormal driving, and it
incorporates LIDAR to provide comprehensive coverage under all
weather conditions.
The Aviation Industry Business Intelligence Reporter is a
powerful AI system that analyzes massive business data files,
photos, videos, and other files and then provides valuable business
intelligence. The system allows for data processing, predictive
analysis, semantic search, and statistical analysis, and it
provides intelligent recommendations that allow for process
improvement in many aspects of aviation operations.
"Having first launched Remark AI's Railway and now Aviation
Safety Platforms, it speaks to the strength of the multi-modal AI
platform. We will launch our Safety Platform for Marine and Sea
shortly, completing Remark AI's comprehensive logistics and
transportation offerings. With our recently announced partnership
with Microsoft, we are pleased to offer our commercial applications
to their customers through Microsoft's Azure Marketplace," says
Kai-Shing Tao, Chief Executive
Officer of Remark Holdings.
A Presentation of Remark's Smart Safety Aviation Suite can be
downloaded from the link below
https://www.dropbox.com/scl/fi/2fr9y37bwth694u6fcp0v/Aviation-LMM-Product-Brochure.pptx?rlkey=akfpp5fbv2sekzmj03cr93kys&dl=0
About Remark Holdings, Inc.
Remark Holdings, Inc. (OTCQX: MARK) is the AI-powered analytics
platform that brings valuable insights to the video feeds provided
by current cameras and computer vision solutions through its
integrated suite of AI tools that help organizations understand
their customer behavior and demographics while providing real-time
alerts to predetermined inspection and security parameters.
Remark's international team of sector-experienced professionals has
created award-winning GDPR-compliant and CCPA-compliant video
analytics solutions that service the government agencies,
hospitality, public safety, retail, and transportation sectors. The
company's headquarters are in Las Vegas,
Nevada, USA, with operational offices in New York and international offices in
London, England. For more
information, please visit our home page at
www.remarkholdings.com
Forward-Looking Statements
This press release may contain forward-looking statements,
including information relating to future events, future financial
performance, strategies, expectations, competitive environment, and
regulations. Words such as "may," "should," "could," "would,"
"predicts," "potential," "continue," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," and similar
expressions, as well as statements in the future tense, identify
forward-looking statements. These statements involve known and
unknown risks, uncertainties, and other factors, including those
discussed in Part I, Item 1A. Risk Factors in Remark Holdings'
Annual Report on Form 10-K and Remark Holdings' other filings with
the SEC. Any forward-looking statements reflect Remark Holdings'
current views concerning future events, are based on assumptions,
and are subject to risks and uncertainties. Given such
uncertainties, you should not rely on any forward-looking
statements, which represent Remark Holdings' estimates and
assumptions only as of the date hereof. Except as required by law,
Remark Holdings undertakes no obligation to update or revise
publicly any forward-looking statements after the date hereof,
whether as a result of new information, future events, or
otherwise.
Company Contact
Fay Tian
Vice President of Investor Relations
F.Tian@remarkholdings.com
(+1) 626-623-2000
(+65) 8715-8007
View original content to download
multimedia:https://www.prnewswire.com/news-releases/remark-ai-launches-its-large-multimodal-model-lmm-ai-powered-aviation-safety-platform--asp-302100696.html
SOURCE Remark Holdings, Inc.
