Venti Technologies to Provide Autonomous Prime Movers for PSA Corporation Limited in Singapore
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Disruptive technology addresses the global logistics market
BOSTON – (BUSINESS WIRE) – Venti Technologies, a leader in safe-speed autonomous mobility, announced today that it has entered into an agreement with PSA Corporation (Limited of Port of Singapore Authority) Corporation Limited to provide self-propelled prime movers for automation provide the transportation of containers for distribution between its terminals in Singapore. The initial phase of the project includes the development of Venti prime movers at the Pasir Panjang Terminals, which will be used to transport freight containers. Known for its quality, efficiency, competitiveness and reliability, PSA Corporation Limited is the world’s largest hub for container handling and handled 36.6 million TEU containers in 2020.
The flexible, algorithmic-based autonomous vehicle technology from Venti Technologies is uniquely able to optimize the transport of freight containers and ensure maximum efficiency, berth allocation and resource use. The technology can be used in a wide variety of vehicles to move different weight loads and distances through complex spaces and over changing routes. The AI-enabled technology also fulfills planning requirements, manages weight loads, navigates over distances, avoids obstacles and facilitates collection and delivery in different locations.
“We are excited about the expansion of our logistics vehicles with AI drive through the agreement with PSA, which follows an agreement with the world’s largest automotive logistics service provider. This agreement, which covers a pilot project and offers the opportunity to expand over time, is further evidence of our disruptive technology, ”said Heidi Wyle, CEO of Venti. “By reducing costs and improving safety and utilization, our award-winning autonomous vehicle technology with AI support is helping the world’s leading companies in global logistics. We are very excited to have this opportunity to partner with PSA as a hub for global intelligent logistics operations. ”
About Venti Technologies
Based in the US and Asia, Venti Technologies is an autonomous, safe-speed mobility company building the future of transportation for moving people and goods. Using rigorous mathematical models, deep learning, and theoretically sound algorithms, Venti has developed a proprietary collection of autonomy technologies, including a number of specialized logistics algorithms. Venti’s proven value proposition to cut costs, increase vehicle utilization, improve safety and provide COVID-friendly autonomous vehicles is recognized by customers and is driving growth. Venti was founded in 2018 and brings together an internationally unsurpassed team. The company currently has residential, recreational and industrial site autonomous systems in Asia with a growing pipeline in the global logistics and community market. More information is available at www.ventitechnologies.com.
About PSA Corporation Ltd.
PSA Singapore, a wholly owned subsidiary of PSA International Pte Ltd, operates the world’s largest container handling center in Singapore and will handle 36.6 million TEU containers in 2020. With connections to 600 ports around the world, shippers have access to daily trips to all major ports around the world, operating around the clock, all year round. In addition to port operations, PSA also offers freight solutions for customers in the advanced manufacturing, cold chain, e-commerce, and energy and chemical sectors. This value-added service is made possible by CALISTA ™, a digital platform that facilitates trade and helps shippers to better manage their physical movement of goods, trade finance and compliance. Visit us at www.singaporepsa.com
Source: Venti Technologies