ISOTeam Ltd. has incorporated a wholly-owned subsidiary, ISOTeam BuildTech Pte. Ltd., to propel its expertise in building and estate maintenance into the era of Artificial Intelligence ("AI"). ISOTeam BuildTech will lead the Group's business in providing, designing and implementing autonomous solutions for the built environment by leveraging AI and Robotics.

The new subsidiary will offer professional end-to-end managed services to help clients develop an effective robotic workforce with accelerated time-to-live solutions that will enable them to achieve business growth in a digital era. The solutions and services provided by ISOTeam BuildTech have enhanced ISOTeam's own operations and capabilities. The Group currently has several AI-enabled robotic device solutions in various stages of development that will now come under ISOTeam BuildTech.

These include a façade inspection drone with built-in specialised sensor payloads that was developed in collaboration with H3 Dynamics Pte Ltd. and launched in 2021. This drone has been deployed for the façade inspection of more than 800 HDB blocks since its launch. In 2022, the Group developed a façade washing drone together with Acclivis Technologies and Solutions Pte Ltd. and Nippon Paint (Singapore) Co.

Pte Ltd. for high pressure washing before the commencement of painting. The façade washing drone was a precursor to the autonomous painting drone that the Group and its partners intend to commercialise by the end of 2024. Meanwhile, the latest to join ISOTeam's robotic workforce is a fleet of painting robots for interior paint jobs.

The robots are also expected to be launched by the end of 2024. In a study of digital adoption in Asia's construction industry, 75% of the companies surveyed are already using or trialing AI or intends to do so. The majority of these companies perceive AI to generate benefits in terms of improved efficiency, profit margin and competitive advantage as well as reduce costs.

In the longer term, ISOTeam BuildTech may explore offering AI IoT Platform Solutions for smart building management systems, which will elevate the Group's building and estate maintenance capabilities.