STOCK TITAN

New Teledyne Geospatial combines world-leading expertise of CARIS & Optech to deliver comprehensive solutions for land and sea

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Teledyne has launched a new Teledyne Geospatial group, merging its Optech and CARIS businesses. This new entity aims to provide comprehensive solutions for land and sea mapping, integrating advanced lidar sensors and renowned software workflows. The group's first product, CZMIL SuperNova, combines Optech’s bathymetric lidar with CARIS’ processing software, enhancing efficiency and quality control through AI algorithms. Teledyne Geospatial aims to deliver holistic solutions, offering turnkey systems and precise data collection to meet evolving customer demands.

Positive
  • Launch of Teledyne Geospatial group enhances competitive advantage in geospatial mapping.
  • CZMIL SuperNova product integrates advanced lidar technology with industry-leading software for superior performance.
  • Collaboration boosts efficiency with AI algorithms and real-time quality control.
Negative
  • None.

VAUGHAN, Ontario, Sept. 14, 2021 (GLOBE NEWSWIRE) -- Teledyne announces the launch of a geospatial group with the unification of its Optech and CARIS businesses. The new Teledyne Geospatial group will offer holistic solutions to seamlessly map land and sea through the integration of industry-leading lidar sensors combined with world-renowned software workflows.

Teledyne Optech has been a world leader in the design, development and manufacture of advanced lidar instruments for more than 45 years. And for over four decades, Teledyne CARIS has developed market-dominating software for the marine GIS community.

This collaboration provides customers with a competitive edge in mapping and delivering data products inside of one complete workflow. Ease of collection and processing, through to final product, is enhanced with efficiency-driving AI algorithms and real time quality control. Ongoing collaborations with other Teledyne businesses extends the geospatial capabilities even further.

The CZMIL SuperNova, the first product from Teledyne Geospatial, integrates Optech’s bathymetric lidar with CARIS’ comprehensive processing software providing the highest performing bathymetric lidar system in the world.

Andy Hoggarth, Vice President, Sales and Marketing at Teledyne Geospatial explains: “Businesses today are increasingly expected to offer a more comprehensive suite of services. Bringing Optech and CARIS together allows us to leverage the world-leading expertise of both companies, ensuring customers can fully realize the competitive advantages provided by our ability to deliver holistic solutions for land and sea.”

Join us at Intergeo, September 21-23 in Hannover, Germany, at Hall 020 booth C16.

Teledyne Geospatial unifies the hardware and software expertise of two unique companies in the geospatial arena. The new group provides customers with innovative integrated solutions. Offerings will include turnkey systems, lidar and sonar integrated workflows and a range of systems and solutions that support holistic, precision data collection.

Notes to Editors:
For media enquiries, please contact:
Jennifer Parham
Jennifer.Parham@teledyne.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8db7b45b-0e5d-4ac2-ae34-831a808bae40


FAQ

What is the Teledyne Geospatial group?

Teledyne Geospatial is a new group formed by merging Teledyne's Optech and CARIS businesses, offering integrated solutions for mapping land and sea.

What products does Teledyne Geospatial offer?

Teledyne Geospatial offers products like the CZMIL SuperNova, which combines lidar technology with advanced processing software.

How does the launch of Teledyne Geospatial impact the market?

The launch aims to provide a competitive edge by delivering holistic mapping solutions that integrate hardware and software.

When will Teledyne Geospatial showcase its products?

Teledyne Geospatial will showcase its products at Intergeo, from September 21-23 in Hannover, Germany.

What technologies are used in Teledyne Geospatial's offerings?

Teledyne Geospatial utilizes advanced lidar sensors and software workflows to enhance data collection and processing.

Teledyne Technologies Incorporated

NYSE:TDY

TDY Rankings

TDY Latest News

TDY Stock Data

22.60B
46.03M
1.14%
92.35%
0.67%
Scientific & Technical Instruments
Search, Detection, Navagation, Guidance, Aeronautical Sys
Link
United States of America
THOUSAND OAKS