Shares in Advanced Systems Automation opened at 2.7 cents on Sept 9, 35% higher than the company’s last-closed share price of 2 cents. The share price surge came after Advanced Systems Automation announced that its subsidiary, Lim Shrimp Organization, will co-develop an initial decision intelligence proof-of-concept for a shrimp farming intelligence centre with Hewlett Packard Enterprise.
Lim Shrimp Organization is a 50%-owned indirect subsidiary of the SGX-listed Advanced Systems.
According to Advanced Systems Automation, the shrimp farming intelligence centre will help in the digitalisation of aquaculture farming. Through the centre, the collection of big data and the application of modern analytics and artificial intelligence can help reduce costs and improve the operating procedures at participating farms.
Such farms, leveraging the data collected, can also maximise the survival rates of shrimps.
The shrimp farming intelligence centre will be developed over four broad phases beginning with the decision intelligence proof of concept to analyse water quality based on the data collected from farms. The second phase will see artificial intelligence (AI) engines used to enhance decision making and to provide a wider range of solutions.
The third phase will see the pilot launch of the shrimp farming intelligence centre in over 1,000 tanks. These tanks are estimated to produce approximately 10,000 tonnes of shrimp per annum at a shrimp farm that is being developed and operated by Lim Shrimp Organization in Malaysia.
See also: Samsung gets first woman CEO outside founding family in 86 years
In the fourth and final phase, the shrimp farming intelligence centre will be launched as a private cloud service for commercial users.
“The shrimp farming intelligence centre will transform traditional aquaculture farming by enabling timely, cost-effective and modern monitoring of water and shrimp quality at even the smallest farms. It will leverage using the latest technological tools, including cloud services and data analytics,” says Peter Fleming, CEO of Lim Shrimp Organization.
As at 1.51pm, shares in Advanced Systems Automation are trading 0.2 cents higher or 10% up at 2.2 cents.
