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Ascenz Noted By Senior Minister of State As Key Innovation Player For The Maritime Space

9 March 2017

Speech by Senior Minister of State Josephine Teo at Ministry of Transport’s Committee of Supply Debate 2017 on 8 March 2017 - https://www.mot.gov.sg/News-Centre/News/2017/Speech-by-Senior-Minister-of-State-Josephine-Teo-at-Ministry-of-Transport-s-Committee-of-Supply-Debate-2017-on-8-March-2017/

“Take for example Ascenz Solutions which started in 2008 as a two-man show. With co-funding from MPA's Maritime Innovation and Technology Fund, Ascenz created a system called Shipulse that collates data from sensors installed on board ships and transmits it back to shore.  Shipulse allows ship-owners to remotely analyse a ship's speed and fuel efficiency in real-time, and then instruct the crew to adjust the ship's route or carry out energy efficiency measures to save fuel and improve vessel performance.  Shipulse has been installed on over 400 vessels and thousands more could use it.  Having expanded to a team of more than 30 with operations in nine countries, Ascenz is now eyeing the European market.”