LocLab's proprietary technology, enabled by a high degree of automation using proven workflows and artificial intelligence, allows the cost- and time-efficient creation of digital twins.
LocLab's in-house developed toolchain can leverage several data input formats to balance speed, cost and accuracy - such as terrestrial videogrammetry, survey data and point clouds - but only requires photographs or videos at minimum. Videogrammetry is a highly scalable method that comes in handy when survey accuracy is not needed and speed is preferred. Whether creating 3D models of machines, buildings and manufacturing facilities or large-scale areas such as transportation networks or entire cities, the AI software compares detected objects with LocLab's vast object library of 3D elements (street objects, building components, rail equipment, etc.) to semi-automate the creation of a semantically enriched 3D model (i.e., adding context and descriptive elements).
"We continue to advance the utility and potential of the digital twin. We call it the Smart Digital Reality," says Hexagon President and CEO
"The foundation of any smart digital reality is the underlying 3D model. If not already part of one of our solutions or readily available via our content program, it can be time and resource-intensive to create," continued Rollén. "LocLab's semi-automated modelling process with AI-based object recognition from video data and its enormous library of 3D digital content offers tremendous time savings and cost efficiencies."
The acquisition brings the previously announced partnership between Hexagon and LocLab to the next level. It strengthens Hexagon's ability to make the Smart Digital Reality more accessible to new and existing customers while providing LocLab's customers with a proven platform for hosting, sharing and keeping 3D digital twins up to date.
"The integration of LocLab's 3D digital content with HxDR, our cloud-based storage, visualisation, and collaboration platform, will drive HxDR's expansion as a leading digital reality platform within transportation, construction, urban planning, and many other industries," continued Rollén. "Altogether, LocLab's capabilities nicely complement our leading reality capture and software portfolio while also offering LocLab global scalability opportunities through our expansive sales and partner network."
Headquartered in
For further information, please contact:
Anton Heikenström, Investor Relations and Business Analyst,
Hexagon is a global leader in digital reality solutions, combining sensor, software and autonomous technologies. We are putting data to work to boost efficiency, productivity, quality and safety across industrial, manufacturing, infrastructure, public sector, and mobility applications.
Our technologies are shaping production and people related ecosystems to become increasingly connected and autonomous - ensuring a scalable, sustainable future.
Hexagon (Nasdaq Stockholm: HEXA B) has approximately 23,000 employees in 50 countries and net sales of approximately
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