![]() Remote worker support is a major application for AR technology. Market drivers include the growing digitisation of industrial data and support requirements for an increasingly remote workforce. Within that market, mixed reality software is expected to reach annual revenues of $32bn by 2026. The global mixed reality market was estimated to be worth $17bn per annum in 2020 and is forecast to grow to $85bn p.a. The growth capital will enable the company to expand into new industries and geographies via new sales and marketing teams in the US and UK and support the ongoing development of further products. The company hopes to work with the WAE team to tap into their network of automotive, aerospace, industrial and manufacturing customers within the UK and EU markets. Both the worker and expert can annotate images during the call, and the platform allows for hands-free, voice-controlled operation making it easier for the worker to complete tasks. The expert can then share PDF documents, 3D images and animations in real-time. When a call is made between the two devices it provides the desk-based expert with a livestream of the workers' point of view. RemoteSpark consists of a desktop application, and an application that runs on an AR device. KS's leading product, RemoteSpark™, is an augmented reality ("AR") software package, which enables the sharing of complex and critical data between a desk-based expert and a field-based worker. Existing remote assistance software does not have the robustness or functionality required to empower local workers to carry out complex tasks. The company's product offers three significant advantages over the competition: it is the only commercially available solution that allows the real-time sharing of 3D data sets it is able to maintain a stable video connection even in low bandwidth environments and it offers defence-grade security.Ĭurrently, installing or maintaining assets in the field requires expert teams to travel, sometimes thousands of miles, all of which increases time, cost, and greenhouse gas emissions. The investment is funded by the Foresight Williams Technology Fund, a joint venture between Foresight and Williams Advanced Engineering ("WAE"). FREDERICTON, New Brunswick, Ma(GLOBE NEWSWIRE) - Foresight Group ("Foresight"), a listed private equity and infrastructure investment manager, is pleased to announce a £2.5m growth capital investment into Kognitiv Spark ("KS") which is commercialising software that provides 3D data to support field service workers in remote locations.
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