PTT Exploration and Production Public Company Limited (PTTEP) announced that AI and Robotics Ventures Company Limited (ARV), a subsidiary of PTTEP, in partnership with Aerodyne Group (Aerodyne) from Malaysiaand Digital Creation Co., Ltd. (DC) and announced the launch of a joint venture company “AeroSky (Thailand) Company Limited” (AeroSky), which will provide state-of-the-art drone-based enterprise solutions across the Thai market, including clients in the telecoms, electricity, oil & gas, and other infrastructure-led industries.
The business will combine core strengths of ARV’s expertise in the provision of drones and sophisticated AI and Robotic solutions, Aerodyne’s integrated drone and software-as-a-service solution, and DC’s leading-edge machine learning and monitoring technologies. AeroSky services would allow infrastructure inspection and monitoring to be of better quality, quicker, and at a lower cost.
AeroSky will have a registered capital of 30 million baht and its shareholding proportion will consist of AI and Robotics Ventures Company Limited at 33%, Aerodyne Group 34% and Digital Creation Co., Ltd. at 33%. Registration of the new joint venture company is expected to complete within July 2021.
The establishment of this joint venture is in line with the company’s strategy of expanding investment into new businesses through the use of technology and innovation to enhance efficiency and create long-term sustainability.