CITM and IF Client Preteckt provides predictive diagnostics for vehicles that is powered by human-in-the-loop machine learning that automates diagnostics decisions. The technology has been demonstrated to help save vehicle fleets over $2500/year per vehicle monitored. Learn more about Preteckt at https://www.preteckt.com/
This article by Katrina Clarke originally appeared in the Hamilton Spectator on August 6, 2019.
Preteckt is one of two companies chosen to work on a year-long pilot project aimed at improving bus service in New York City.
The co-founder of a Hamilton startup chosen to collaborate on a transit pilot project in New York City calls the opportunity “a huge win.”
Preteckt, a startup company based in Hamilton and in Memphis, Tenn., working on vehicle predictive diagnostics, is one of two companies chosen to work on a yearlong pilot project aimed at improving bus service in the Big Apple.
“Knowing that we were able to excite them enough for them to dedicate extra time and resources to us was a huge win in our books,” said Sasha Kucharczyk, Preteckt co-founder and COO. “It is definitely exciting.”
The competition for the pilot project was stiff, with nearly 100 companies competing last fall for a chance to work with the Metropolitan Transportation Authority’s tech accelerator, called the Transit Tech Lab. Four of the six companies selected were later chosen to move forward with pilot projects; two will focus on subways and two — one being Preteckt — will focus on buses.
Preteckt’s pilot will use AI technology and transit data to identify patterns and recognize when a vehicle is approaching the point of needing repairs so the vehicle can be fixed earlier.
“Preteckt’s insights have the potential to reduce time spent on maintenance, prevent service disruptions and reduce fleet costs,” reads a news release from the MTA.
Read the full article online at https://www.thespec.com/news-story/9537242-hamilton-startup-gets-big-win-with-nyc-transit-pilot-project/