Bangkok--17 Jul--PTT Exploration and Production
Thai Advance Innovation Company Limited (Thai AI), a subsidiary of Thaicom Public Company Limited, signed a shareholders agreement with AI and Robotics Ventures Company Limited (ARV), a subsidiary of PTT Exploration and Production Public Company Limited (PTTEP) today to collaborate on the development of drone technology with the initial phase focusing on agriculture drone to enable advanced smart farming solutions and strengthen Thailand’s agricultural sector.
The two companies are establishing a company called 'ATi Technologies Company Limited’ with a registered capital of Baht 20 million. Thai AI and ARV will each hold a 50 percent stake in this new firm. Under the agreement, ATi Technologies will develop advanced drone technology, helping farmers improve agricultural productivity, and address development challenges in Thailand’s agricultural sector.
Anant Kaewruamvongs, Thaicom Chief Executive Officer, commented: “ARV is an important strategic partner for Thai AI. In November last year, Thai AI and ARV have entered into an agreement to cooperate on drone development for agricultural use. The joint venture now marks a great step forward to leverage advanced solutions and a full range of drone technology-enabled innovative agricultural services and enhance the capability of drone technology in Thailand.”
Dr. Thana Slanvetpan, ARV General Manager, said: “Our collaboration with Thaicom is a cornerstone of our partnership strategy for business growth. The new company, ATi Technologies Co. Ltd., will develop drone solutions and conduct research for a wide variety of applications including data analytics and digital farming, as well as work together with companies in the agricultural industry. The company will also explore future drone-related opportunities to help drive the Thai economy with innovation.”
About Thai AI
Thai Advance Innovation Company Limited (Thai AI), the affiliated company of Thaicom Public Company Limited, providing TV Solution and Business TV Platform. We develop digital platform, television network and integrated IPTV system with end-to-end solution services that meet the needs of customers encouraging competitiveness in the digital Thailand 4.0 era.
About ARV
AI and Robotics Ventures (ARV), a subsidiary of PTT Exploration and Production Public Company Limited (PTTEP), which provides cutting-edge Artificial Intelligence and Robotics solutions for businesses across industries and is set to become a research and development platform. The application of ARV services and developing technologies ranges across air, sea and land. The company’s pioneered AI & Robotic solutions include an Inspection-class Autonomous Underwater Vehicle (IAUV) for preventive inspection of underwater facilities, the world’s first remotely-operated Subsea Flowline Control and Repair Robot (SFCR), an In-pipe Inspection Robot (IPIR), an Unmanned Aerial Vehicle (UAV) for inspecting facilities at height, generating aerial images and a successful development of Swarm Drones Technology.