Infibeam Avenues on Wednesday announced that it has received contract (s) from a leading chain of hospitals and gas-station chain for its first AI product – ‘AI Facility Manager’. “We wish to inform you that the Phronetic.AI, the Artificial Intelligence arm of India’s leading publicly listed fintech company, Infibeam Avenues Limited secures two major contracts that will bring its cutting-edge Theia Vision AI technology to leading regional hospitals and an international gas station chain,” the company said in a regulatory filing.
It further added that the Theia Vision AI contract represents a significant milestone in Phronetic.AI’s growth strategy. The total value, per the company, is expected to be $1 million per annum and the total tenure for each contract with five hospitals in India and the UAE-based gas station chain is five years with optionality to extend further.
The contracts with the five leading hospitals for Phronetic.AI’s Theia Vision AI technology product ‘AI Facility Manager’, will be integrated across multiple facilities within the hospital. “This aims to revolutionize patient care, streamline operations, and enhance safety protocols through advanced visual data analysis. The proprietary Theia Vision AI technology will enable hospitals to improve diagnostics, monitor patient conditions in real-time, and optimize resource allocation, setting a new standard for healthcare innovation,” it added.
Simultaneously, Phronetic.AI has, Infibeam Avenues said, has also secured a global contract with a UAE-headquartered gas station chain. “The deployment of the Vision AI product – ‘AI Facility Manager’ across the chain’s gas stations will focus on enhancing security, improving customer service, and optimizing operational workflows. With capabilities such as real-time threat detection, automated transaction monitoring, and customer behaviour analysis, Vision AI is set to transform the way this global energy player operates its retail outlets,” it said.
The ‘AI Facility Manager’ also has added a feature for ‘Women Safety’, where with a hand gesture towards CCTVs, a woman can send a SOS signal, which gets immediately captured by Phronetic.AI’s proprietary Theia Vision AI technology.
One of the key aspects of this technology, per the company, is that it fits into any existing CCTV infrastructure and can be deployed within just five minutes. Thus, onboarding of clients is extremely simple and requires no changes to the client’s existing CCTV infrastructure, it concluded.
From: financialexpress
Financial News
