AerinX lands major contract - Main 1

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AerinX is in advanced negotiations with other parties for major implementations in the EU, Hong Kong, and the US

Quick read

➨ It is a major contract win for AerinX, the Budapest, Hungary-based immersive technology company whose software assists with external surface checks and aircraft maintenance
➨ The solution was successfully piloted in Dubai, with VD Gulf carrying out a test in real-life industry conditions
➨ AerinX is preparing for a funding round ‘within the coming months’

The story

AerinX is implementing its augmented and mixed reality aircraft maintenance solution at the base maintenance facility at Sharjah International Airport in partnership with operator VD Gulf.

It is a major contract win for AerinX, the Budapest, Hungary-based immersive technology company whose software assists with external surface checks and aircraft maintenance.

Most damage detection, registration and documentation still occur manually. AerinX’s augmented and mixed reality solution enables engineers conducting maintenance to determine the size and exact location of damage.

It projects all relevant technical information about a given aircraft type in 3D on the surface of the plane, including plate thickness at the given point and damage history. It also works in tandem with supplier databases.

AerinX lands major contract - 3D projection
The software projects all relevant technical information about a given aircraft type in 3D on the surface of the plane

The solution was successfully piloted in Dubai, with VD Gulf carrying out a test in real-life industry conditions.

With the successful pilot completed, AerinX and VD Gulf signed an agreement to implement the full solution at the maintenance, repair, and operations facility at Sharjah International Airport in the United Arab Emirates.

Gain $4 million of extra profit

AerinX’s augmented and mixed reality solution is also in operation in Hungary. Bence Kiss, co-founder and chief executive officer, comments: “Based on our calculations, the use of our software can save 400 days of hangar capacity, 9,500 engineering hours, and gain $4 million [of] extra profit on average for a company with 10 narrow-body hangar bays capacity.”

“We are delighted to be able to test our technology at two major regional players since we conducted successful pilot projects at VD Gulf and at our strategic partner in Hungary. As a result, we continue our partnership with both companies.”

The company is in advanced negotiations with other parties for major implementations in the EU, Hong Kong, and the US. Kiss adds: “Our objective is to have our system implemented at about half a dozen international partners by the end of this year.”

AerinX is preparing for a funding round “within the coming months”. The round will be led by an international strategic investor to accelerate the company’s global market penetration.

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Images: AerinX

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