ORCDA LIMITED has entered into a memorandum of understanding (MoU) with several delivery parties for implementing the design, development, and roll-out of its Smart Poles Project.
This MoU involves five parties: Wagners CFT Manufacturing, Future Meridian, RC Birili and Betta Power Services.
Wagners CFT Manufacturing Pty Ltd is responsible for the composite smart pole manufacture and hardware integration into the Smart Poles.
Future Meridian Pty Ltd's role is to act as government liason, responsible for the grant process, assisting with sales and infrastructure funding needs.
RC Birili Pty Ltd is responsible for digital systems delivery, hardware sourcing and Indigenous engagement in the project.
Betta Power Services is responsible for managing a state and, if successful, a national installation roll-out. Betta's role also includes transporting Smart Poles from factory to the relevant installation points.
Orcoda Limited is handing contract management, management of digital platforms and connectivity into Orcoda existing transport technology platforms.
The Smart Pole is an integrated road-aligned eco-system for enhancing technology across data transportation grids and to support special purpose access by multiple parties and licencees, such as government transport departments, municipalities, private entities, telcos, law enforcement groups.
The company's strategic goal is for the Smart Pole to leverage real-time system reporting, data, and for special purpose sensors to be built into the Smart Pole, based on the relevant needs and product demand. The Smart Pole is intended to facilitate roads and highways with intelligent management, vehicle flow detection, vehicle monitoring, road maintenance, road safety, emergency rescue, and support intelligent messaging and intelligent payment systems.
Orcoda said it intends to be at the forefront of developing a new generation of connected poles. linked to our existing transport logistics software for supporting existing and future transport infrastructure and logistics projects with each pole across a network generating multiple revenue streams once installed.
Importantly, the Smart Poles are intended to leverage 5G base stations for enhancing signal strength and interconnectivity across urban and regional areas.Orcoda's vision for the Smart Poles Project includes ultimately combinig all these capabilities with inbuilt video capabilities so operators and licencees are able to utlise internet connectivity, AI processing, and AR across large geographical areas where big data can be utilised to reduce costs and improve services.
Orcoda managing director, Geoff Jamieson said the company believes the benefits of this vision will eventually benefit the bottom line of every Orcoda business division.
“Our Smart Poles Project represents significant opportunities to substantially grow our recurring revenues into the future and our team is excited about benefits that our technology can deliver to transport services and infrastructure both nationally and internationally," Mr Jamieson said.
"Our next steps, now we have an expert team together, will be to apply for Federal Government grants to support the funding of a pilot program to demonstrate the potential capabilities and benefits of an Orcoda Smart Pole network.
“We look forward to updating the market on grants and other milestones for rolling out our Smart Poles Project," he said.
"I want to also thank our shareholders for continuing to support us and also thank and acknowledge the many other key business stakeholders, including employees, clients as well as our old and new commercial partners.”