First Derivatives PLC Kx selected by Red Bull Racing
06 November 2017 - 6:00PM
RNS Non-Regulatory
TIDMFDP
First Derivatives PLC
06 November 2017
6 November 2017
First Derivatives plc
("FD" or the "Group")
Kx selected by Red Bull Racing for Sensor Analytics
FD (AIM:FDP.L, ESM:FDP.I) announces that it has been selected by
Red Bull Racing as a team supplier for the use of its Kx technology
to analyse sensor data from its Formula 1 vehicles. Initially, Kx
will be deployed for the analysis of wind tunnel data, a critical
element in the development of faster, more competitive F1 cars.
It is intended that Red Bull Racing will use Kx for a range of
purposes including wind tunnel experiments and the analysis of
in-race data to enable real-time decisions during Grand Prix races.
With over 100 sensors on a typical F1 car, Kx technology is able to
capture, integrate and analyse vast quantities of data to provide
real-time actionable insights. These insights and subsequent team
and driver action have the potential to make the difference to race
results and safety, on cars travelling at up to 300 kilometres per
hour.
Kx's compact footprint and powerful analytics, which make it
ideal for the challenging requirements of F1 cars, provides the
potential to open additional markets where real-time analysis of
large volumes of sensor data is a critical requirement. This
includes the growing vehicle analytics market, where Gartner
predicts that by 2020 there will be 250 million connected vehicles
on the road, as well as extending to industries such as discrete
manufacturing, logistics and utilities, an opportunity BGC
estimates to be valued at $80bn per annum by 2020.
Brian Conlon, Chief Executive Officer of Kx, commented: "We at
Kx are delighted to work with Red Bull Racing. Both companies are
associated with power, speed, precision engineering and innovation.
Over the years F1 has proven itself as an ideal testing ground for
disruptive technologies and we look forward to bringing the power
of Kx to bear in high-value complementary markets."
Enquiries
For further information please contact:
First Derivatives plc +44(0)28 3025 2242
Brian Conlon, Chief Executive www.firstderivatives.com
Officer
Graham Ferguson, Chief Financial
Officer
Ian Mitchell, Head of Investor
Relations
Investec Bank plc (Nominated
Adviser and Broker)
Carlton Nelson
Sebastian Lawrence +44 (0)20 7597 4000
Goodbody (ESM Adviser and
Broker)
Linda Hickey
Finbarr Griffin +353 1 667 0420
FTI Consulting
Matt Dixon
Dwight Burden
Darius Alexander
Niamh Fogarty +44 (0)20 3727 1000
About FD
FD is a global technology provider with 20 years of experience
working with some of the world's largest finance, technology,
retail, pharma, manufacturing and energy institutions. The Group's
Kx technology, incorporating the kdb+ time-series database, is a
leader in high-performance, in-memory computing, streaming
analytics and operational intelligence. Kx delivers the best
possible performance and flexibility for high-volume,
data-intensive analytics and applications across multiple
industries. FD operates from 14 offices across Europe, North
America and Asia Pacific, including its headquarters in Newry, and
employs more than 1,800 people worldwide.
For further information, please visit
www.firstderivatives.com
This information is provided by RNS
The company news service from the London Stock Exchange
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November 06, 2017 02:00 ET (07:00 GMT)
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