contextere Corporation, an Ottawa based Industrial IoT software company, has secured US $1.1 million contract funding with Lockheed Martin (NYSE: LMT).
The investment was made as part of Lockheed Martin’s Industrial and Technological Benefits (ITB) obligation for the in-service support of the 17 CC-130J Super Hercules transport aircraft, which were delivered to the Royal Canadian Air Force in 2010.
Under the contract with Lockheed Martin Aeronautics signed in May 2017, contextere will be developing and deploying an intelligent personal agent for aerospace maintainers on the C130J Super Hercules fleet. The system will be applicable in field service and industrial inspection activities as well as more complex maintenance, repair and overhaul (MRO) tasks.
“Our industrial software weaves together the power of enterprise AI with industrial IoT data to give blue collar workers the right information, at the right time on the right device,” said Gabe Batstone, contextere CEO. “Working closely with Lockheed Martin engineers to refine and test our algorithms in the aerospace and defence environment, will enable us to transform the future of work anywhere warm hands touch cold steel.”
“For Lockheed Martin, accelerating technology development and promoting a culture of innovation in Canada is critical to the success our business,” said Charles Bouchard, chief executive of Lockheed Martin Canada. “It is through our work with small, agile and responsive companies like contextere that we are able to advance innovative thinking and the development of new technologies.”
contextere was co-founded by Carl Byers and Gabe Batstone in 2015. The company early this year was accepted into Urban-X Smart City Program in New York City which included equity investments from BMW MINI and SOSV.
photo credit: contextere