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BRIEF-Fugro Wins Five-Year Deal With Australia Worth AUD 150 Million

Published 27/02/2020, 03:05 am
© Reuters. BRIEF-Fugro Wins Five-Year Deal With Australia Worth AUD 150 Million
FUGR
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Feb 26 (Reuters) - FUGRO NV FUGRc.AS :

* FUGRO SELECTED FOR AUSTRALIAN GOVERNMENT'S HYDROSCHEME INDUSTRY PARTNERSHIP PROGRAM (HIPP)

* PARTNERSHIP PROGRAM OF AUD 150 MILLION SECURES A SOVEREIGN CAPACITY TO PRODUCE HYDROGRAPHIC INFORMATION OVER NEXT 5 YEARS

* PANEL OF INDUSTRY PARTNERS CHOSEN AS PART OF LONG-TERM STRATEGY TO ENSURE SAFE SHIPPING ROUTES, COMMERCIAL PORTS AND MARITIME APPROACHES WITHIN AUSTRALIAN CHARTING AREA

* PANEL MEMBERS TO ACQUIRE MARINE ENVIRONMENTAL DATA TO PRODUCE DIGITAL MAPS OF AUSTRALIA'S SEA AND COASTAL AREAS THAT WILL IMPROVE SAFETY OF MARITIME VESSELS OPERATING IN AUSTRALIA'S SEA CHARTING AREA

* FUGRO IS ALSO DEVELOPING ARTIFICIAL INTELLIGENCE AND MACHINE-LEARNING TECHNOLOGIES FOR HYDROGRAPHIC APPLICATION

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