Inspecting Drones; Saving Lives
Indoor oil tank inspection drones, eliminating hazardous human inspections, improve efficiency by 85% and save cost up to 80%
Solution
Problem
Pain point 1: Poor safety
4,800,000 activities
25
Stories
High
Internal inspection
initiated by
programming flight path
and pushing a single
button remotely
11,000 injuries
92 fatalities
Climb up high scaffolding
Rope access from rooftop
Pain point 2: Low efficiency & High Cost
Step 1: Erect scaffolding
(2.5 days)
Step 2: Inspection by 2
engineers (2 days)
TOTAL TIME= 7 DAYS
Step 3: Dismantle
scaffolding (2.5 days)
TOTAL COST= S$110K
Drones replace the
need for
scaffolding and
rope access
No human activities in
confined space during
inspection. Thereby
improving SAFETY
SOLUTION BENEFITS:
No more hazardous inspections in confined spaces
Total time savings: 6 days
Total cost savings: S$87K
Market
Technology 1: Autonomous navigation
(No Pilots required & can function in
GPS-less indoor environment)
Currency: USD
$88.9 bn
Drone Inspection Services
$180 m/y
Technology 3 (In development):
Thickness measurement of tank walls
through Non-Destructive Testing (NDT)
1Source:
Financials
Real-time surface
Defect Alert
Low Maintenance
Faster inspection
Cost
Millions
Ultimate Safety
• Most established confined space inspection
player in Asia
• Preferred autonomous drone provider across
the globe
Market Report for Testing Inspection (By marketsearchfuture.com)
ALT delivers superior performance in terms of safety and efficiency
as per competitor’s analysis table below:
Save on scaffolding
Annual revenue target by year 5:
$47.6 m/y
Competition
Obstacle
Avoidance
Safety Inspection Industry:
$115 billion in 2022, with CAGR of 5%1
Technology 2: Real time surface
defect identification (Alert inspectors
reviewing live footages)
Function Indoors
(Without GPS)
47.7
$50.0
$40.0
34.0
$30.0
$20.0
15.5
9.9
$10.0
Manual Drone
-$10.0
5.3
2.7
1.4
$0.0
AI Drone
-0.5
Year 1
2.3
-0.2
Year 2
Revenue
Conventional
Improved inspection
efficiency
No more safety scaffolding
requirement for inspection.
Inspection reduced to
one day at cost of S$23K
Technology
Indoor
Autonomous (No
Pilots)
Inspection report is
generated instantly after
deployment, with real-time
alerts to inspectors on
surface defects
Year 3
Year 4
Year 5
EBITDA
Assumptions: Capture 26.5% of drone inspection market share
by Year 5. Introduce drones with NDT capabilities in Year 3
For enquiries and collaboration, please contact us at [email protected]