Navidium’s Association with Praetexo

December 20, 2020

20th December 2020

Navidium Plc is proud to announce its agreement with Praetexo AS, a Leading-Edge Computing Company to enhance our Maritime CleanTech solutions. By using Praetexo´s Distributed Computing Architecture with Navidium´s IoT platform, Ship owners and Ship operators will improve their operational performance by making sense of the data and compute insights before the data leaves the ship, ensuring that only required data are streamed to a central location.

Navidium is a Maritime CleanTech company with a wide range of innovative IoT products for the maritime industry. Navidium´s strategy is to assist merchant vessel managers to improve their overall operational efficiency and increase visibility. Optimized routing and energy consumption, decreased levels of nonvalue adding time and efforts, result in reduced overall operational costs and lower levels of emissions.

Along with increased visibility of operations and compliance with today’s and future regulations.Navidium´s products are installed in 70+ vessels today, and has an impressing and fast-growing customer base, ready for implementations in near future.

Praetexo has offered a solution to fully unlock the potential of the data companies own. Moving the computation out of the cloud and onto the vessels allows Shipping companies to make the most of the valuable data they own. However, these kinds of solutions haven´t been successful in IIoT, which poses a set of unique challenges to scalability. There are often restrictions on getting the raw data out of a remote asset that’s connected to the outside world via a satellite connection. Continuous connection cannot be relied upon, and in addition, data streaming can be restricted due to cost and security reasons. Praetexo solves this challenge and provides customers with a Local Distributed Computing Architecture on the vessel!

“This agreement strengthens Navidium´s innovating IoT platform bringing scalability and meeting future needs. Digitization and standardization of the shipping industry has been our number one priority. Partnering up with Praetexo empowers our ambition to break down data silos and deliver an open platform where other 3rd party vendors also are invited to run their algorithms. This way we can help setting up an Industry standard and bring great and needed value for all Ship owners.” Arto Koistinen, CEO, Navidium Plc

“We are grateful for the trust and confidence we have received from Navidium. Our combined knowledge contributes to bring the ability to run real-time processing, analytics and software solutions on the ship, while still sending relevant aggregated data to shore for monitoring. Praetexo was born to reframe the world, to empower innovative enterprises to grow, to enable smart, fast, and sustainable decisions. Praetexo seeks to accelerate the Digitization process of the Shipping Industry and we look forward to working closely with Navidium on this journey.” – Simen Kortgaard, CEO, Praetexo AS

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