Strategic Elements turns primary focus to robotics, AI and automation, shares up
Strategic Elements Ltd (ASX:SOR) is increasing its focus on opportunities in robotics, artificial intelligence (AI) and automation, which are likely to see a big increase in commercial and investor interest.
As the coronavirus pandemic impacts all countries, governments are increasingly focusing communications on the importance of protecting critical infrastructure that provides essential services.
The shutdown of any of these facilities, which include energy, communications, water, transport, health, food, banking and finance, would affect hundreds of thousands of people.
Protecting critical infrastructure
Evidence of this focus can be seen in the major investments being made by governments and business in securing and protecting critical infrastructure.
According to a report from Marketsandmarkets, the global CIP (Critical Infrastructure Protection) market is expected to grow to $153.16 billion by 2022.
SOR has an opportunity in this sector with its 100%-owned Stealth Technologies Pty Ltd and, as such, expenditure in the resources sector will be scaled back in the short to medium term.
Other Strategic Elements news
- Strategic Elements soars as collaboration aims to develop flexible self-charging battery
2020-10-27 - Strategic Elements automation technology to be used in fight against weeds
2020-10-19 - Strategic Elements’ Nanocube Printable Memory technology turns heads on a global scale
2020-02-28 - Strategic Elements $1 million capital raising heavily oversubscribed
2019-09-30 - Strategic Elements has news pending of a purchase agreement for AI and robotic technology
2019-09-10
