21 May 2021
PPK Investee Company, AMAG Pty Ltd, Solves Challenge of Predictive Analytics for
PPK Group Limited (ASX Code: PPK) is pleased to announce that Advanced Mobility Analytics Group Pty Ltd, (AMAG) has solved the challenge of predictive analytics for road safety with the release of the world’s first Safe Mobility Alert Real Time (SMART) Digital Platform – delivered via Software as a Service (SaaS). SMART will help governments to reduce traffic accidents by up to 60%.
PPK holds a 20% shareholding in AMAG following a $1.5m investment in December 2020. PPK Executive Chairman, Robin Levison, is also a Director of AMAG. The remaining shareholders of AMAG include the Co-Founders and the University of Queensland, University of British Columbia and the Queensland University of Technology with commercialisation support from UniQuest.
Advanced Mobility Analytics Group Pty Ltd (AMAG) aims to be the world leading digital platform provider for proactive road safety analytics and management, applying more than 100+ years of cumulative road safety knowledge among current staff and co-founders to develop modules within SMART. The company was founded in 2019 and currently has a team of 17, consisting of road safety engineers, road operations engineers, software developers and executive officers.