Unmanned aerial vehicle-focussed aerospace company Strat Aero announced on Tuesday that its 100% owned subsidiary Geocurve has been selected as a specialist surveying partner by Integrated Water Services - a services provider to the UK water sector.
The AIM-traded firm said that as a specialist surveying partner, Geocurve would provide unmanned aerial vehicle (UAV), bathymetric and conventional surveying services for a number of monitoring and evaluation projects, which IWS carries out each year as part of its 5+5 Framework Contract with Northumbrian Water, worth between £8m and £10m per year.
Geocurve, a specialist in providing survey and inspection services using UAVs, as well as using ground and water-based survey equipment, was already a direct preferred supplier for Northumbrian Water's annual maintenance programmes, having successfully completed multiple surveys over the past year, the Strat Aero board confirmed.
It said that being selected by IWS as a partner would increase its involvement and revenues from those ongoing programmes, and was in line with the company's strategy to focus on its key areas of expertise - survey and inspection via Geocurve, as well as its training and education division.
"We are excited to be working in partnership with such a prestigious company as IWS and I believe we will add value to their already exceptional expertise," said Geocurve managing director Gary Nel.
"While working with IWS has the potential to generate revenues in the region of £30k-£60k per year for Geocurve, importantly it further cements our standing as a leading provider of integrated surveying and inspection services, which covers data capture, analysis and modelling."
Nel said that had already seen Geocurve win high-profile contracts such as the Thames Estuary Asset Management 'Team2100' Project, along with two "prestigious" awards including the Environment Agency's Project Excellence Awards for innovation.
"As the partnership with IWS demonstrates, the unrivalled combination of our UAV flight proficiency and our state-of-the-art analytics techniques, which is a major differentiator compared to our peers, is generating a growing pipeline of business with major blue-chip companies and government agencies."