ASX listed IoT company CCP Technologies (ASX:CT1) — which has built is business on remote monitoring of commercial refrigeration systems — has extended the range of its technology to monitor temperatures down to minus 80 degrees Celsius, and says it plans to go even lower.
It says this will open up a market for monitoring the storage of high value biological materials that can have replacement costs in excess of $1m, and the insurance and disruption costs associated with the loss of biological assets resulting from breaches in temperature tolerance limits is a major issue for scientific and medical facilities globally.
CCP has been trialling the technology with Monash University and installing it progressively in the university’s facilities, where it has identified 120 potential installation points.
“Working closely with Monash University to address their requirements, CCP has overcome the technical challenges that extreme low temperature presents for reliable accurate monitoring to produce an effective technical solution that can be rolled out at scale,” the company says.
It adds that, in addition to providing real-time monitoring and alerts, the technology can report on equipment life cycles, maintenance and replacement requirements such that outages and unscheduled maintenance can be minimised further reducing the risk of compromising the stored assets.
