Business Wire

Bentley Acceleration Initiatives Launches OpenTower iQ , a Digital Co-Venture with Visual Intelligence and Aeroprotechnik for 5G Towers

Share

Bentley Acceleration Initiatives today announced the availability of OpenTower® iQ, a digital twin solution “powered by iTwin” for telecom towers that provides 3D visualization, real-time decision support, and predictive design from the ground up. OpenTower iQ is the result of a digital co-venture between Bentley and Visual Intelligence, a Houston, Texas-based sensor technology company, and Aeroprotechnik, an aerial inspection engineering company based in Viseu, Portugal.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210323005733/en/

Conduct automated inventory including automated AI for equipment identification and classification. (Photo: Business Wire)

Conduct automated inventory including automated AI for equipment identification and classification. (Photo: Business Wire)

Bentley Acceleration Initiatives is Bentley Systems’ (Nasdaq: BSY) strategic investment fund and incubator initiative. Its objective is to bring together ecosystem partners in a digital co-ventures to accelerate the go-to-market of creative cloud solutions based on the Bentley iTwin platform. OpenTower iQ, ‘powered by iTwin,’ is a textbook example of co-venturing that combines innovative digital technologies from entrepreneurial companies to address a market need in double-quick time.

As the demand for data continues to grow, tower companies and engineering firms are looking for all-inclusive, engineering-grade solutions to co-locate, modify, and maintain telecom infrastructure for the 5G rollout. OpenTower iQ makes it easy to modify existing towers and maintain accurate models, automating the repetitive work of producing as-built models and using artificial intelligence to detect critical components.

Tower companies can use OpenTower iQ to monitor the health of their towers and gain access to shared, secured data through an easy-to-understand portal. Data analytics provide cost benefit analysis to boost operational efficiency and revenue assurance. Improved accuracy of tower inspections and smart inventory management saves time, cost, and improves safety. OpenTower iQ is designed to handle the large asset portfolios of operators, easily processing and analyzing tens of thousands of towers.

Combines artificial intelligence and patented drone technologies

To accelerate the launch of OpenTower iQ, Bentley Acceleration Initiatives acquired digital twin technology from Aeroprotechnik, a leading aerial inspection engineering company that specializes in automated asset data capture and digitalization solutions. The technology included artificial intelligence and reality modeling capabilities that provide detailed information on current site conditions, which helps tower companies speed up rollouts, enhance decision-making, and shorten sales cycles.

Bentley Acceleration Initiatives also partnered with Visual Intelligence whose patented dual-sensor drone technology digitalizes physical infrastructure with millimeter accuracy to reliably deliver 3D, engineering-grade asset intelligence. Visual Intelligence is able to map more measurable surface area than alternative aerial and ground-based methods. Its patented drone sensor technology has the unique ability to capture the components of a tower including bolts, wires, ladders, and other items with an extremely high degree of accuracy that was not previously possible.

Now, with a comprehensive millimeter accurate digital twin, a tower company can virtually inspect their tower, see if it has been constructed correctly, determine if the tower’s structural integrity is intact, and run co-location scenarios. Unlike rudimentary reality models produced from other cameras, Visual Intelligence enables a digital twin with such accuracy that it can support advanced analyses such as connection integrity analysis and mount mapping analysis.

“The objective of Bentley Acceleration Initiatives is to incubate new businesses and augment existing ones using Bentley iTwin technologies. We provide a go-to-market accelerator to rapidly bring to users the innovative ideas from Bentley’s research and development in partnership with emerging industry leaders and technology specialists such as Visual Intelligence and Aeroprotechnik. Bentley Acceleration Initiatives helped incubate OpenTower iQ by funding its development, seeking out technology partnerships to fill whitespaces, and creating a comprehensive go-to-market strategy,” said Santanu Das, senior vice president, chief acceleration officer, Bentley Acceleration Initiatives. “Our next step is to invite additional interested ecosystem partners to kick start new digital integrator services to capture huge emerging opportunities for enterprise integration and implementation for towers. The telecom industry is going through a rapid transformation as multinetwork operators are expanding their portfolios through consolidation and moving from a 4G platform to 5G. Without a doubt, digital twin solutions like OpenTower iQ, ‘powered by iTwin,’ will help tower owners make the most of the industry’s burgeoning opportunities.”

OpenTower iQ for tower planning and management is a game changer for the telecom market. Within a couple of days, we had a high-quality reality model available with the reports and other aspects of the projects. Now, all the tower data is available in digital form—and it’s accurate and current,” said Nikhil Jani, vice president, telecom and utilities, Genesys International.

“Until now, drone data has failed to live up to its promise to the tower industry. This is largely because survey-grade drone sensors can’t collect the fidelity of data required to extract engineering-grade tower intelligence. Our patented drone sensor technology is the first of its kind to collect millimeter-class tower information. We partnered with Bentley to utilize OpenTower iQ to translate this new fidelity of data into as-built digital twins, and then apply AI to automate and unlock new kinds of tower insights. With OpenTower iQ, we’re enabling new applications of drone data and accelerating the value of digital twins to tower companies worldwide,” said Ted Miller, founder and chairman of Visual Intelligence and former chairman and CEO of Crown Castle International (NYSE: CCI).

“Bentley Acceleration Initiatives proved to be an effective platform for ecosystem partners like Aeroprotechnik to scale up artificial intelligence-based solutions, transforming emerging technologies into real value for Bentley’s users,” said Nuno Marques, founder of Aeroprotechnik.

Images and captions:

About Visual Intelligence

Visual Intelligence, based in Houston, Texas, has emerged as an industry-leading software and sensor technology company that delivers geo-imaging solutions for airborne, terrestrial, and mobile applications. It provides the Visual Intelligence unified drone sensor and software automation platform that digitizes physical infrastructure with millimeter accuracy to reliably deliver 3D, engineering-grade asset intelligence. https://visualintelligenceinc.com/telecom/

About Bentley Systems

Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annualized revenues of more than $800 million in 172 countries. www.bentley.comwww.bentleyaccelerationinitiatives.com. www.opentower.com

© 2021 Bentley Systems, Incorporated. Bentley, the Bentley logo, AssetWise, iTwin, MicroStation, OpenTower, OpenTower iQ, and ProjectWise are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective owners.

Contact information

Press:
Rachel Rogers
+1 415 827 7347
Rachel.Rogers@bentley.com
Follow us on Twitter:
@BentleySystems

About Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Colicity Inc. Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing on or about April 16, 202116.4.2021 15:30:00 CEST | Press release

Colicity Inc. (the “Company”) announced that holders of the units sold in the Company’s initial public offering of 34,500,000 units, including the underwriters’ exercise of their full over-allotment option for 4,500,000 units, completed on February 26, 2021 (the “Offering”) may elect to separately trade the Class A common stock and warrants included in the units commencing on or about April 16, 2021. Any Units not separated will continue to trade on The Nasdaq Capital Market under the symbol “COLIU,” and the Class A common stock and warrants will separately trade on The Nasdaq Capital Market under the symbols “COLI” and “COLIW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into Class A common stock and warrants. This press release shall not constitute an o

Evobrutinib is the First and Only BTK Inhibitor to Demonstrate Reduction of a Key Biomarker of Neuronal Damage and Inflammation in Patients with MS16.4.2021 10:00:00 CEST | Press release

Merck, a leading science and technology company, will present data from a Phase II placebo-controlled randomized trial at the 2021 American Academy of Neurology (AAN) Annual Meeting showing that the investigational Bruton’s tyrosine kinase (BTK) inhibitor evobrutinib significantly reduced blood neurofilament light chain (NfL) levels, a key biomarker of neuronal damage and inflammation, in patients with multiple sclerosis (MS). Elevated blood NfL levels have been shown to be associated with damage to neurons and inflammation and may predict future brain atrophy and disease progression. “Blood NfL is a biomarker that may allow monitoring of disease activity and treatment response, which could be less burdensome and more sensitive than other standard clinical measures for MS patients,” said Prof. Jens Kuhle, MD, PhD, Head Multiple Sclerosis Centre, University Hospital Basel. “These data provide key insights into the role evobrutinib may play in modulating the clinical course of MS and fur

IFF Presents “Learning Labs” Video Series to Demonstrate Potential of New Company15.4.2021 22:15:00 CEST | Press release

IFF (NYSE: IFF) today introduced a new “Learning Labs” video series, featuring in-depth discussions with the leadership of the company’s segments and R&D function. Each video provides a comprehensive overview of IFF’s robust portfolio and enhanced capabilities following its recently completed merger with DuPont’s Nutrition and Biosciences (“N&B”) business. The complete “Learning Labs” series can be found here: ir.iff.com/events-presentations. In addition, IFF has also provided segment-level financial detail based on 2020 pro forma results. “As a global industry leader of high-value consumer ingredients, we are pleased to provide a closer look into our capabilities, operational model and future growth potential,” said Andreas Fibig, IFF Chairman and CEO. “Stakeholder communication remains essential to IFF’s continued growth, and since combining with N&B, we have continued to explore new ways to meaningfully connect with our investors. The insights shared through our ‘Learning Labs’ seri

Algorand and BridgeTower Capital Announce Strategic Partnership15.4.2021 22:14:00 CEST | Press release

BridgeTower Capital, a global private equity firm, focusing on traditional private equity investments and blockchain and DeFi markets, announced today a partnership with Algorand. Algorand, the creator of the world’s first pure proof-of-stake foundational blockchain, is a leading blockchain technology company accelerating the convergence of decentralized and traditional finance. BridgeTower will use Algorand’s technology as the underlying blockchain solution to issuance of the BridgeTower Capital tokenized digital security. It will also use Algorand as a preferred blockchain for BridgeTower products and services. Beyond the elementary requirement of an open, public network, Algorand’s technology enables a set of high performing Layer-1 blockchains that provide security, scalability, complete transaction finality, built in privacy, Co-Chains, and advanced smart contracts. “Algorand was a clear choice given their technology, team and leadership position in the digital marketplace,” said

BridgeTower Capital Launches Security Token Pre-Offering and Announces Global Expansion With Key Partners15.4.2021 18:00:00 CEST | Press release

BridgeTower Capital, a tokenized global private equity firm, has launched a private Security Token Pre-Offering (STO) culminating 12 months of work to purposefully assemble a team of world-class partners to participate in the blockchain infrastructure and services marketplace in the rapidly growing world of decentralized finance (DeFi). BridgeTower also announced it has formed a Zurich-based entity to further expand its current offering of blockchain infrastructure products and services. BridgeTower launched its Private -STO campaign earlier this week, which provides an opportunity for accredited investors to purchase shares in the company in the form of a digital security. BridgeTower has received active participation already and is seeking to raise $200 million in this initial raise. “We are seeing a global confluence of public and private digital finance markets being fueled by the adoption of blockchain technologies. This is creating unique opportunities for those who can assemble

Cryptology Asset Group p.l.c. successfully completes a share capital increase and sale of treasury shares and reviews options for financing further growth15.4.2021 16:49:00 CEST | Press release

Cryptology Asset Group p.l.c. (ISIN: MT0001770107; Ticker: CAP), a leading European investment company for blockchain- and crypto-related business models, has successfully completed its cash capital increase by issuing 128,375 new shares and the additional sale of the entire amount of 31,625 treasury shares to institutional investors. At a fixed price of EUR 200.00 per share each, the Company will receive total gross proceeds of EUR 32.0 million, which will be used to invest in new portfolio companies from the Cryptology pipeline. The Company is also exploring the possible acquisition of crypto assets, such as Bitcoin, as part of its treasury management strategy. To finance further growth, Cryptology is also currently reviewing various options to raise additional capital, such as through the issuance of a convertible or a straight bond. ICF BANK AG has been commissioned to conduct a market review. Management will make the final financing decision based on investor feedback and the prev

Cryptology Asset Group p.l.c. resolves a cash capital increase and sale of treasury shares15.4.2021 16:45:00 CEST | Press release

The Board of Directors of Cryptology Asset Group p.l.c. (ISIN: MT0001770107; Ticker: CAP) today resolved to increase the share capital of the Company by 128,375 new shares and to sell 31,625 treasury shares which is the entire position Cryptology holds of own shares after the buyback done over the last months. Shareholders' subscription rights to the new shares and the treasury shares are excluded. The Company has entered into binding subscription agreements for the entire amount of in total 160,000 shares with several institutional investors. Closing of the transaction is expected for end of April 2021. The capital increase will be carried out in cash contributions and by partially utilizing the existing authorized capital. The share capital of the Company is to be increased from EUR 2,732,500 to EUR 2,860,875 by issuing 128,375 new bearer shares of the Company ("New Shares"). The New Shares will be issued with a pro rata amount of capital stock of EUR 1.00 per share and with full div