Kellton Tech has announced the successful implementation of its Cloud based AI-enabled IoT platform, Optima,for one of its customer in the Oil and Gas industry. Kellton Tech's proprietary IoT Edge device Envision, a remote communication modular gateway was used for this implementation.
The customizable IoT platform, Optima, connects multiple wells with controllers and analog and digital sensors to Envision. This integrated platform when deployed in downstream Oil and Gas enterprises have the ability to optimize and predict events and provide actionable insights and foresight to identify critical information, which cuts down the time wasted on cumbersome maintenance processes. It can increase production by upto 30% and save millions of dollars.
"Kellton Tech has been working on the cutting-edge of IoT innovation for the last few years," said Niranjan Chintam, Co-founder and Chairman of Kellton Tech, "We have gained huge traction in the last 6 months. IoT has gone from a once hyped-up novelty to a transformational force in the world of business. It is not just a new product feature; it is a whole new way of doing business. Businesses can now see when a device needs servicing, with problems being anticipated and addressed before they even occur, allowing customers to get higher availability levels."
Shares of Kellton Tech Solutions Ltd. was last trading in BSE at Rs.41.5 as compared to the previous close of Rs. 36. The total number of shares traded during the day was 411253 in over 3644 trades.
The stock hit an intraday high of Rs. 42.25 and intraday low of 34.45. The net turnover during the day was Rs. 16257174.