Central regions | Transport, logistics | Finance, business

New industrial scanner focused on global markets

15 Oct '18
InSize, a Russian company, has developed and is offering a special industrial scanner that enables the measuring of the key parameters of goods (height, length, width, weight, etc.) of any shape.

InSize’s key competitive advantages are said to include the high speed of equipment maintenance and a very competitive price among systems used to gauge irregularly shaped items. With the Russian system, additional parameters can be taken into account when gauging goods, such as the type of material, storage conditions, allowance for one item being put inside another, etc.

“InSize will be focused on the Russian market over the following 12 months, covering an estimated market volume of $98m. If it succeeds in scaling up, we can see the opportunity for the team to enter the UK, German and U.S. markets, competing for a share of an aggregate $12bn,” said Nikita Yuryev, an investment manager at Russia’s FRII (Internet Initiatives Development Fund). The government fund earlier invested $265,000 in the company.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Tags: Internet Initiatives Development Fund (14) / parameters of goods (0) / industrial scanner (0) / InSize (0) /

Latest News: Central regions
12 Dec '18 | Technology & innovation | Real estate
11 Dec '18 | Finance, business | Technology & innovation
6 Dec '18 | Finance, business | Technology & innovation
5 Dec '18 | Finance, business | Technology & innovation
 

Feature stories

2 Nov '18
Drawing upon in-depth interviews, the book channels...
27 Aug '18
7 Jun '18
Russian scientists have come up with a new method of...
Search (News archive - 21293)
Advertising
NATT
Advertising
Independent Software Developers Forum
Advertising
Marchmont News

Latest News

12 Dec '18
Alex Pachikov, son of Evernote founder Stepan...
11 Dec '18
TeleMD, a Russian start-up, is developing a software...
10 Dec '18
Researchers in the Russian regions of Komi and Tomsk...

Most read stories from last week

11 Dec '18
TeleMD, a Russian start-up, is developing a software...
12 Dec '18
Alex Pachikov, son of Evernote founder Stepan...