Kx Selected by Red Bull Racing for Sensor Analytics

PR70875

LONDON, Nov. 6, 2017 /PRNewswire=KYODO JBN/--

                                    First Derivatives plc

                                   ("FD" or the "Group")

    FD (AIM:FDP.L, ESM:FDP.I) announces that it has been selected by Red Bull

Racing as a team supplier for the use of its Kx technology to analyse sensor

data from its Formula 1 vehicles. Initially, Kx will be deployed for the

analysis of wind tunnel data, a critical element in the development of faster,

more competitive F1 cars.

(Logo: http://mma.prnewswire.com/media/519591/Kx_Logo.jpg )

    It is intended that Red Bull Racing will use Kx for a range of purposes

including wind tunnel experiments and the analysis of in-race data to enable

real-time decisions during Grand Prix races. With over 100 sensors on a typical

F1 car, Kx technology is able to capture, integrate and analyse vast quantities

of data to provide real-time actionable insights. These insights and subsequent

team and driver action have the potential to make the difference to race

results and safety, on cars travelling at up to 300 kilometres per hour.

    Kx's compact footprint and powerful analytics, which make it ideal for the

challenging requirements of F1 cars, provides the potential to open additional

markets where real-time analysis of large volumes of sensor data is a critical

requirement. This includes the growing vehicle analytics market, where Gartner

predicts that by 2020 there will be 250 million connected vehicles on the road,

as well as extending to industries such as discrete manufacturing, logistics

and utilities, an opportunity BGC estimates to be valued at $80bn per annum by

2020.

    Brian Conlon, Chief Executive Officer of Kx, commented: "We at Kx are

delighted to work with Red Bull Racing. Both companies are associated with

power, speed, precision engineering and innovation. Over the years F1 has

proven itself as an ideal testing ground for disruptive technologies and we

look forward to bringing the power of Kx to bear in high-value complementary

markets."

    About FD

    FD is a global technology provider with 20 years of experience working with

some of the world's largest finance, technology, retail, pharma, manufacturing

and energy institutions. The Group's Kx technology, incorporating the kdb+

time-series database, is a leader in high-performance, in-memory computing,

streaming analytics and operational intelligence. Kx delivers the best possible

performance and flexibility for high-volume, data-intensive analytics and

applications across multiple industries. FD operates from 14 offices across

Europe, North America and Asia Pacific, including its headquarters in Newry,  

and employs more than 1,800 people worldwide.

    For further information, please visit: http://www.firstderivatives.com

Source:  Kx