Agereh Technologies Inc. (TSXV: AUTO | OTCQB: CRBAF) has developed a business that intersects technology (Artificial Intelligence) and two very old forms of industry (Transportation and Infrastructure). There is increasing demand for real-time information and operational intelligence about what happens in all kinds of environments (such as, airports, warehouses, cargo centers, event locations etc.) which have many moving parts, lots of congestion and lots of things being tracked.
Infrastructure and Transportation Industry Challenges
The world’s transportation systems are experiencing an unprecedented amount of growth and complexity. More and more passengers, more cargo being moved, and more assets (aircraft, vehicles etc.) are moving around than ever before. However, there are very limited opportunities for physical expansions to meet these demands due to costs associated with construction, regulatory approvals and available land. As a result, operators are forced to find ways to make better use of their existing infrastructure to be more efficient and make better decisions based on data versus building new infrastructure.
• Millions of travelers pass through airports every year across multiple terminals.
• Thousands of mobile assets are tracked every day in logistics hub and cargo facility environments.
• Lack of visibility directly affects safety, efficiency and revenue in these operations.
Airports as a Key Addressable Market
One of Agereh’s primary addressable markets will be the aviation industry. The United States’ aviation system supports approximately 16.2 million flights per year with an average of 44,360 flights per day. Additionally, there are more than 9.8 million scheduled passenger flights per year. Of the 19,482 airports in the United States, traffic density is very concentrated with the top ten busiest airports representing approximately 35.3% of the total annual passenger capacity.
There is significant pressure on the busy airport hubs like Atlanta (~108 million passengers), Chicago O’Hare (~80 million), and Miami (~56 million) where small incremental improvements in passenger flow, managing congestion, and utilizing assets can generate substantial operational and financial improvements.
Advantages from the Trends in Sensors, Data, and AI
Agereh’s platform is aligned with long-term trends in sensors, IoT and AI-based analytics. The global sensor market is expected to grow from approximately US$241 billion to more than US$500 billion over the next ten years because of automation, smart infrastructure, and real-time data needs. In addition, enterprise customers are increasingly moving towards unified platforms that provide both hardware and software solutions to collect and analyze data instead of fragmented point solutions.
• Increased adoption of wireless and battery powered sensors
• Increasing demand for real-time operational intelligence
• Increased preference for SaaS-based analytics and subscription models
Unified Intelligence Layer
Agereh distinguishes itself from other companies by providing a unified, wireless intelligence layer versus individual products. Agereh’s platform integrates people flow analytics, asset tracking and access intelligence into one system that can be quickly deployed without having to retrofit infrastructure or deploy dense beacon networks.
• HeadCounterTM provides anonymous, real-time passenger and crowd flow intelligence
• MapNTrackTM allows for indoor and outdoor asset visibility through the use of cellular-assisted positioning
• Smart Door SensorTM provides detailed insights into access activity and movement triggers
An integrated approach is particularly well-suited to environments with multiple terminals, buildings, or zones that need consistent visibility across indoor and outdoor spaces.
Validation of Commercialization and Market
The transition from pilot deployments to the Company’s first full-scale, multi-terminal commercial airport customer under a multi-year SaaS agreement is a key validation of the Company’s market strategy. The fact that large transportation operators are willing to commit to integrating sensing platforms at enterprise scale when there is low deployment friction and it is obvious that they will gain operational value validates the size of the addressable market for Agereh.
Conclusion: A Large and Growing Addressable Market
Agereh is located within a growing structural market that is caused by an increase in volume of transportation, infrastructure constraints, and the need for real-time operational intelligence. Agereh has a scalable platform, a recurring SaaS revenue model, and early enterprise validation in aviation. Therefore, Agereh’s addressable market includes much more than just deploying the product in one airport; Agereh’s addressable market is also in logistics, cargo, and a broader range of smart infrastructure verticals.
Marc has been involved in the Stock Market Media Industry for the last +5 years. After obtaining a college degree in engineering in France, he moved to Canada, where he created Money,eh?, a personal finance website.
