May 16, 2020

Danella Companies adopts SmartDrive Safety program and improves fleet safety score by 79 percent

Danella
Safety
seat belt
driver safety
Admin
3 min
SmartDrive hardware
SmartDrive Systems, a leader in driving performance solutions that reduce collisions and improve fuel efficiency, today announced that Danella Companies...

SmartDrive Systems, a leader in driving performance solutions that reduce collisions and improve fuel efficiency, today announced that Danella Companies, Inc., a leader in construction services for the utility industry, has implemented SmartDrive’s video-based safety program across its fleet of nearly 200 vehicles. In the first three months following adoption, Danella saw critical improvements in key driver safety indicators, including a 79 percent increase in driver seatbelt usage, 40 percent reduction in speeding, 33 percent drop in unsafe following and a 29 percent decrease in handheld device usage. Overall, the fleet experienced a 79 percent improvement in its safety score complemented by a reduction in litigation expenses, better driver retention and greater operational efficiency.

Danella Companies is a Pennsylvania-based provider of world-class construction services to a broad range of utility and railroad customers. In its New York and Connecticut locations, the company operates a fleet of just under 200 vehicles, ranging from small pick-up trucks, cars and SUVs to tractor trailers, step vans, and dump, box and bucket trucks. Company leadership advocated for the adoption of SmartDrive’s video-based technology to maximize safety, mitigate litigation risks and minimize accident-related financial losses.

“Having long promoted a culture of safety at Danella, our deployment of SmartDrive’s platform further enhances and extends the safety programs we already had in place, while also exonerating drivers and positively impacting the bottom line. Additionally, friendly internal competition among our drivers to achieve the best safety scores are testament to their acceptance of the program and commitment to continuous improvement,” noted Dave Pancoast, safety director at Danella. “Interestingly, we’ve found that the biggest benefit of the SmartDrive system is the driver education that comes with it—SmartDrive serves up the right business intelligence insights we need to guide our proactive and constructive coaching.”

Like other commercial fleets, Danella faces a number of issues affecting its bottom line—rising insurance premiums, growing expenses associated with claims, compliance with strict and complex safety regulations, and maximizing asset and driver utilization. The company’s decision to equip every vehicle in its fleet—from those driven by construction project managers to those driven by heavy equipment operators—has led to significant safety enhancements, which, in turn, have resulted in fewer collisions, reduced litigation costs and enhanced profitability.

“Danella’s results—including bettering its safety score by nearly 80 percent—speak for themselves. The Company has done an outstanding job, effectively and proactively engaging drivers proactively to ensure their buy-in and enthusiasm for the SmartDrive program and the resulting ongoing safety enhancements,” state Steve Mitgang, CEO of SmartDrive. “The Danella team is a stellar example of how to maximize the full value of the SmartDrive solution, from video data capture, to expert risk analysis and scoring, driver involvement, coaching and continuous program refinement.”

SmartDrive is the industry’s only video-based safety program that identifies unsafe driving with an extensible platform, integrating video, vehicle data, audio and driving data for a unified and comprehensive view of risk. The program automatically offloads footage for expert review and analysis, and prioritization for coaching. This saves fleets time and resources, which can then be focused on delivering increased value to their customers through on-time delivery, accuracy and better service.

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Jun 14, 2021

XYZ Reality receives £20m to develop Assisted Reality

AugmentedReality
construction
DigitalTransformation
Technology
Dominic Ellis
3 min
XYZ Reality to use funding led by Octopus Ventures to springboard into USA and automatically report issues through Assisted Reality

XYZ Reality has announced a £20m investment round led by Octopus Ventures.

Founded in 2017, XYZ Reality aims to "revolutionise" the construction sector with its Engineering-Grade Augmented Reality (AR) solution, Holosite.

Designed to enable an on time and on budget delivery of construction projects, by eliminating building errors, HoloSite has been available to select customers through an early access programme and has already been used on projects totalling a value of over £1.5bn in the last year. 

With approximately 98% of construction megaprojects facing cost overruns or delays and 7-11% of project costs being spent on correcting errors, XYZ Reality’s purpose-built integrated AR solution directly addresses these issues.

With its safety certified AR hardhat, cloud platform and in-built proprietary software, Holosite accurately positions high fidelity 3D design models on construction sites, enabling teams to build it right, first time. The technology system has been used on complex construction projects including data centres, pharmaceutical facilities and airports.     

This funding will be used to accelerate the company’s ambition of transforming projects by preparing for HoloSite’s commercial launch in the USA and continuing investment in strengthening research and development. The company is also growing its London team to include key hires across technology, manufacturing, sales and marketing.

David Mitchell, Founder and CEO of XYZ Reality, said developing its engineering-Grade AR solution helping construction teams identify errors in real-time is just the start.

"The next phase is Assisted Reality, where our spatial computing technology will have the intelligence to automatically detect and report issues in the field. And ultimately, the goal is builders building from holograms. Our vision of developing world changing products aligns with Octopus Ventures’ mission of investing in companies that are powering the next industrial revolution. We look forward to building history.”

The latest round of funding is led by Octopus Ventures, one of the largest and most active venture investors in Europe, known for its commitment of investing in companies and founders that are changing the world. Octopus Ventures has a strong track record, spanning investment in health, fintech, consumer, B2B software, and deep tech. This includes WaveOptics, one of Octopus Ventures’ early investments in Augmented Reality, which was recently acquired by Snap Inc. 

Rebecca Hunt, early-stage investor at Octopus Ventures, said: "We’ve always invested in entrepreneurs leading industry change and XYZ is doing just that. It's solving a massive problem that costs the construction industry billions every year, using its Engineering-Grade Augmented Reality solution to spearhead a shift in the sector’s approach. The founding team of David, Umar and Murray have deep domain and technical expertise, which we believe makes XYZ uniquely placed to drive this transformation.”

XYZ Reality also announces a new partnership with Mace, for the construction of a hyper-scale data centre in Europe. With speed to market being particularly essential for mission critical builds, HoloSite’s AR technology will have a significant role in supporting an accurate and time effective build for Mace, which last week appointed Jon McElroy its new Managing Director for International Technology.  

Mace Technical Director, Stephen Henley, said: “Mace has built a reputation of redefining the boundaries of ambition, always bringing efficiency, innovation and responsibility to our projects. With the implementation of XYZ’s groundbreaking AR system, we continue to be committed to delivering projects faster, safer and better than ever before.” 

Five years ago, Heather Bellini of Goldman Sachs Research expected virtual and augmented reality to become an $80 billion market by 2025.

But according to new research by global tech market advisory firm ABI Research, nearly 28 million augmented and mixed reality smart glasses will ship in 2026, while the total global AR/MR market will surpass $175 billion in the same year.

"Major tech players across hardware, software, and services look familiar in the consumer space, contributing to strong and consistent overall growth," says Eric Abbruzzese, Research Director for ABI Research. "Those big tech names, with active investment and product ranging from already available, to announced, to all-but-announced, are creating a consumer AR market that will be dynamic and welcoming rather than struggling and immature."

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