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Chief operating officer Jay Breeding told ILN the Far East distributor I-Contain would market the InSeT system to new markets, including Australia, Hong Kong, New Zealand and South Africa. I-Contain will also pair InSeT’s technology with its own above-ground location device to provide a comprehensive solution for worker and asset tracking, both underground and at the surface.
I-Contain president Todd Kleperis said InSeT’s system was “leading the industry into new areas” of technology.
"Before now, no system could get within 3 meters of a fallen person with reasonable certainty,” he said.
“InSeT's Inertial Sensor Tracking and Communications System has unheard-of accuracy, with its ability to pinpoint a person's location down to 10 feet."
Akron-based InSeT also announced it has received a $330,000 grant from the Ohio Coal Development Office. Breeding said the funding would help the company complete the system’s hardware and software development as well as aid in the installation of a planned beta test system early next year.
“Prior to the Ohio Coal Development Office grant, we had raised $1.4 million to carry on our development efforts,” he said in an ILN interview.
“The grant requires a 2:1 match, so we are still looking for additional funding of at least $660,000.”
In the meantime, Breeding said both the international partnership and financial improvements were validation of InSeT’s technology and the industry’s need.
"Upon completion of our beta test system, we will be ready for full market entry in the US and now, around the world."