The self-styled Google of world forestry is a company on the rise. Deals with the European Space Agency, big money contracts and now the accolade of being crowned it@Cork best technology SME.
On the back of its first major enterprise deal, Cork-based forest monitoring and management platform, Treemetrics is on a mission to take advantage of the more than €1bn worth of timber that 18,000 forest owners are sitting on and the €2bn due to come to market worldwide in the next10 years.
Co-founder Enda Keane, says Treemetrics’s technology is unique and will benefit forest owners, farmers and the environment as well as giving a huge boost to rural economies; creating jobs and providing a major cash injection.
“We bring a new level of precision to forest management, we’ve a satellite mapping piece first so we identify the scale of the forest which is important. We then scan the trees which provides a very accurate measurement of the trees and cutting technology that’s able to predict the yield of sawn timber and that’s the true value before you cut it,” said Mr Keane.
The company which was founded in 2005 by Keane and Garret Mullooly recently signed a contract worth €500,000 as part of its first foray into the eastern European market with Romanian company Silvador, as well as a significant deal with the Irish Farmers Association.
Indigenous tech companies swept the board at the annual it@Cork Leaders Awards including Technically Write IT which claimed the high-potential start-up award and CIX which won the IT department transformation project.