StreetMapper Fractional Ownership

"Industries burdened by high fixed costs of assets, high fixed cost of asset ownership, such as service and maintenance, and rapid technological innovation are prime candidates for managing assets through fractional ownership and it is a popular concept in the aviation market," commented Dr Graham Hunter, Managing Director of StreetMapper developers 3D Laser Mapping.

"For StreetMapper customers there are significant advantages. The plan offers real cost savings relative to purchasing a commissioned surveying service and reduced capital outlay and associated staff costs compared to purchase of a full system. This plan allows organisations to take advantage of the very latest laser mapping technology and expert support with high levels of asset utilisation at a much lower risk."

Under the StreetMapper Fractional Ownership Plan potential customers can purchase an actual fraction of a system on an operated basis. This purchase can be shown as an asset on the balance sheet and depreciated, just like any other asset. Ownership under the plan consists of three cost components; an initial investment covering the cost of share of the system, a monthly service fee to cover the cost of managing the system including system maintenance, insurance, extended warranties and overheads etc and a cost per hour or per mile of surveying. Comparison of the costs of a traditional managed survey versus a survey conducted by a fractional owner highlight a cost saving per lane mile of up to $300.

StreetMapper 360, which is a joint development between UK based 3D Laser Mapping and German based guidance and navigation specialist IGI, has been specifically designed for the rapid 3D mapping of highways, runways, railways, infrastructure and buildings. Using vehicle-mounted lasers offering a 360-degree field of view StreetMapper enables high precision mapping to a range of 300 metres, a capacity of 300,000 measurements per second per sensor and recorded accuracies in independent real world projects of better than 10 millimetres.

To find out more about the StreetMapper Fractional Ownership Plan catch up with the StreetMapper team at SPAR 2011, 21st to 24th March, Houston, USA.