Early warning provider joins share market

Early warning provider Aeeris sees no limit to the potential of its technology.

Warnings of an impending storm or natural disaster, workplace accident or health issue delivered straight to your smartwatch - that's the vision of a growing new tech company.

Aeeris, the owner of The Early Warning Network currently used by 100 businesses and governments, has listed on the Australian share market as it looks to develop new products and expand internationally.

It collects and analyses data to provide digital warnings for events such as severe storms, bushfires, tsunamis, power disruptions and traffic snarls.

Aeeris issues alerts via SMS, email, on Facebook, Twitter, the internet and other platforms.

Chief executive Kerry Plowright said rapidly improving technology provides Aeeris with many opportunities.

"A watch is the perfect place to exploit our services because for warnings on everything, it is right there for people to look at, at the moment they need it, without taking their hands off whatever they are doing," he said.

Health data could one day be added to the mix to monitor an individual's wellbeing, Mr Plowright said.

Aeeris says demand for warnings is increasing as the costs of natural disasters around the world soars.

More than 8,000 natural disasters have been recorded over the past decade, impacting billions of people and costing more than one trillion US dollars, the company said.

In Australia, disasters are estimated to cost the economy $6.3 billion per year, and that is expected to hit $23 billion by 2050.

Aeeris' system has been operating since 2007, and it currently has 107 corporate and government subscribers and more than 250,000 social media and app users.

Mr Plowright said interest in its products has been received from Hong Kong and Singapore, while it is also considering opportunities in Canada.

Shares in Aeeris were issued to new investors at 25 cents and closed two cents lower at 23 cents on their first day of trade.


Share

2 min read

Published

Updated

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world