Advanced Mobility Analytics Group bought by Transoft Solutions

A Brisbane software start-up that uses AI to improve road safety and traffic management has been acquired by a Canadian company.

Ipswich Motorway traffic at Goodna.

A Brisbane-based software start-up using AI to improve road safety and traffic management as been acquired by Canadian company Transoft Solutions.

Advanced Mobility Analytics Group (AMAG) was formed by the University of Queensland’s commercialisation arm UniQuest in 2020 to develop intellectual property from UQ, the University of British Columbia and Queensland University of Technology.

UniQuest CEO Dr Dean Moss says AMAG’s analytics platform prioritises solutions.

“This is great technology that makes a difference to people’s lives,” he says.

UniQuest CEO Dean Moss.

AMAG uses real-time data – interpreted by AI – to reduce road crashes and incidents, and to monitor infrastructure to improve road safety design.

AMAG co-founder and chief executive DrSimon Washington said the acquisition was an exciting new chapter for both companies.

“The existing strengths of our people, products and services will be complemented by the capabilities of Transoft Solutions – a recognised and highly respected brand in the industry with more than 200 staff members in 13 locations across the globe, and a customer base of more than 50,000,” he says.

Washington has been named Transoft’s vice president of Safety and Traffic Operations and will continue to work with his existing AMAG team.

Power up for Christmas

Battery World is focused on powering up the holiday magic this Christmas.

In partnership with Starlight Children’s Foundation, Australia’s leading battery retailer has kickstarted their appeal by donating $10,000 to light up the lives of those likely to spend Christmas in hospital.

They’re inviting Aussies to support the 2024 Battery World Christmas Appeal, and in doing so, provide kids across the country with a fun festive gift that will no doubt make their days in the hospital a little bit brighter.

“We’re incredibly proud to contribute in a way that makes a real difference,” says Battery

World general manager, Johnny Kennedy.

“The work Starlight Children’s Foundation does is so important, and this is the second year we’ve partnered with the charity that is perhaps best known for its vital hospital programs including Captain Starlight and Starlight Express Rooms.

“If we can put smiles on faces and give the children and their families something to distract them from the reality of the situation they find themselves in, we’ll have done what we set out to do.”

Battery World and Starlight Foundation join forces.

Partnership

ASX-listed Cokal Limited – that was founded by key Queensland mining figure Peter Lynch in 2010 – has forged a strategic partnership with Cratus Group, a leading bulk commodities and investment powerhouse, backed by a US$20m ($30m) funding injection.

Lynch died in a plane crash in 2017, but the collaboration is set to accelerate the development of Cokal’s coal assets in Central Kalimantan, Indonesia, and enhance vital transport infrastructure to unlock the region’s vast metallurgical coal potential.

The partnership includes the creation of a 50-50 Infrastructure Joint Venture, aimed at expanding and modernising coal transport infrastructure to support the production ramp-up at Cokal’s flagship Bumi Barito Mineral coal mine.

Guided by Brisbane-based managing director Damien Weis,Cratus with its two decades of experience and strong ties to global markets, will be a key partner in optimising returns for Cokal’s high-quality metallurgical coal.

In addition to the infrastructure joint venture, Cratus will directly inject US$7m into Cokal for project development and working capital.

The IJV will benefit from the remaining US$13m, enabling the acquisition of shipping vessels and upgrades to existing jetties and loading facilities.

Cratus managing director Damien Weis.

Originally published as Advanced Mobility Analytics Group bought by Transoft Solutions