Infibeam Avenues’ Phronetic.AI Secures Major Contracts for AI Facility Manager

Infibeam Avenues Limited has announced that its Artificial Intelligence division, Phronetic.AI, has secured contracts with a leading hospital chain and an international gas station chain for its inaugural AI product, ‘AI Facility Manager’.

These contracts mark a significant milestone for Phronetic.AI, leveraging its advanced Theia Vision AI technology in the healthcare and energy sectors. The combined contract value is expected to be USD 1 million per annum, with each contract spanning 5 years and an option for extension.

The contracts include the deployment of Theia Vision AI technology across multiple facilities within five hospitals in India and a UAE-based gas station chain. For hospitals, the ‘AI Facility Manager’ aims to revolutionise patient care, streamline operations, and enhance safety protocols through sophisticated visual data analysis. This will improve diagnostics, real-time patient monitoring, and resource optimisation, setting a new benchmark in healthcare innovation.

Simultaneously, the gas station chain will use the Vision AI product to boost security, customer service, and operational efficiency. The technology’s features include real-time threat detection, automated transaction monitoring, and customer behaviour analysis, transforming operations in retail outlets.

The company added that additionally, the ‘AI Facility Manager’ includes a ‘Women Safety’ feature, enabling women to send SOS signals through a hand gesture towards CCTVs. This functionality, captured by Theia Vision AI technology, enhances safety in public and workplace environments while improving operational efficiency.

The ‘AI Facility Manager’ integrates seamlessly with existing CCTV infrastructure and can be deployed in just five minutes, making client onboarding straightforward and efficient.

About Infibeam Avenues Ltd

Infibeam Avenues Ltd is involved in the business of software development services, web development, maintenance, e-commerce, payment gateway services, and other ancillary services.

On August 28, 2024, the share price of Infibeam Avenues opened at ₹31.00, touching the day’s high at ₹32.36, as of 9:49 AM on the NSE.

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