Multisensor AI Holdings, Inc. ("Multisensor AI," "Msai" or "The Company") (NASDAQ:MSAI), a Pioneer in Condition-Based Monitoring and Predictive Maintenance Enabling Industry 4.0, Today Announced a New Wide-Ranging Collaboration With Fotric u.s.a. Inc. ("Fotric"). This Relationship Allows Msai to Incorporate Fotric's Advanced Camera Solutions Into All Product Channels, Including Our Cloud-Based Solution, Msai Connect.
FOTRIC has expertise in defect detection, condition monitoring, and safety assurance across industry sectors including manufacturing, chemical processing, metallurgy, Li-ion battery storage, waste management, electric utilities, oil & gas, and building infrastructure. FOTRIC is renowned for its innovative sensing hardware which is sold in more than 50 countries.
MSAI has historically deployed FOTRIC's advanced PMix AcouTherm hardware in its own Inspections Services business and will continue to do so. The broader collaboration announced today deepens the relationship between FOTRIC and MSAI, facilitating the sale of FOTRIC devices through all of MSAI's channels, including the Company's recently launched webstore. In addition, integrating FOTRIC handheld and fixed-mount sensors into MSAI Connect allows MSAI's customers to select the best sensors for their application from a wider range of choices. Integration into MSAI Connect will also improve the FOTRIC devices' functionality, with anticipated features like historical trend analysis and automated work order generation. In each of these areas of collaboration, the enhanced solutions are expected to support continued growth for both companies.
Peter Baird, MSAI's Chief Commercial Officer ("CCO"), added: "As satisfied customers of FOTRIC, we are excited to deepen our partnership with them, allowing us to drive sustainable growth by selling their sensor equipment directly and by integrating their equipment into our MSAI Connect software platform. FOTRIC is emerging as an industry leader in quality and innovation, and our enterprise customers will be well served by these excellent products."