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22/01/2013
Minister Announces €800,000 European Space Agency Contract
Sean Sherlock TD, Minister for Research and Innovation today announced that TreeMetrics, an Irish based innovator in forestry, data analytics and measurement solutions, has secured a significant €800,000 contract, with the European Space Agency (ESA).
The contract was secured with the help of Enterprise Ireland, the co-ordinating body for ESA in Ireland. The funding will support the global roll-out of the company's innovative web-based satellite mapping application for the forestry industry.
The Enterprise Ireland-backed company also plans to recruit a further ten software engineers over the next twelve months to expand its workforce at its Cork facility to thirty. The company is receiving significant interest from multinational timber growers to develop its proprietary system.
The TreeMetrics' solution replaces traditional calipers and measuring tape with technology for the first time in over 100 years of forestry measurement. Easy-to-use 3D laser scanners can quickly and accurately measure the shape, size, and straightness of standing trees. The cutting-edge technology uses this information to predict the quantities of log products that each tree can produce, and their potential value. The TreeMetrics' solution offers a better means of managing forests and determining which areas best match sawmill requirements. Ultimately this leads to a reduction in the quantity of trees that need to be cut, while reducing waste and improving forest profitability.
Making the announcement Minister Sherlock said: "TreeMetrics is yet another example of how Ireland's investment in ESA is assisting Irish technology companies in supporting technology innovation, leading to export sales and increased employment. TreeMetrics is a world showcase representing the best in Irish technology and innovation and is further realisation of the Government’s strategy to optimise the return on Ireland’s ESA investment, announced at the Recent ESA Ministerial Council in November, as well as state investment in R&D. I wish the company every success in bringing its highly innovative solutions to the market."
(CD/GK)
The contract was secured with the help of Enterprise Ireland, the co-ordinating body for ESA in Ireland. The funding will support the global roll-out of the company's innovative web-based satellite mapping application for the forestry industry.
The Enterprise Ireland-backed company also plans to recruit a further ten software engineers over the next twelve months to expand its workforce at its Cork facility to thirty. The company is receiving significant interest from multinational timber growers to develop its proprietary system.
The TreeMetrics' solution replaces traditional calipers and measuring tape with technology for the first time in over 100 years of forestry measurement. Easy-to-use 3D laser scanners can quickly and accurately measure the shape, size, and straightness of standing trees. The cutting-edge technology uses this information to predict the quantities of log products that each tree can produce, and their potential value. The TreeMetrics' solution offers a better means of managing forests and determining which areas best match sawmill requirements. Ultimately this leads to a reduction in the quantity of trees that need to be cut, while reducing waste and improving forest profitability.
Making the announcement Minister Sherlock said: "TreeMetrics is yet another example of how Ireland's investment in ESA is assisting Irish technology companies in supporting technology innovation, leading to export sales and increased employment. TreeMetrics is a world showcase representing the best in Irish technology and innovation and is further realisation of the Government’s strategy to optimise the return on Ireland’s ESA investment, announced at the Recent ESA Ministerial Council in November, as well as state investment in R&D. I wish the company every success in bringing its highly innovative solutions to the market."
(CD/GK)
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