IXUP Limited (ASX: IXU) has welcomed the formal launch of the SEAF project developed by the Western Australian Biodiversity Science Institute (WABSI) and the Western Australian Marine Science Institution (WAMSI).
This groundbreaking data sharing project includes IXUP’s core secure collaboration technology and 5-Safes governance framework which is to be deployed in a Microsoft Azure environment. The SEAF project will launch with a pilot enabling the streamlining of shared environmental data, environmental modelling and assessment and will involve multiple tier 1 stakeholders, including the Western Australian Government, Rio Tinto and BHP Billiton.
IXUP can confirm that final contract terms are now largely documented for its important role in the SEAF deployment, with contract signing anticipated in coming weeks. Details of the expected contract terms can be found on page 3 of this announcement, with final details to be confirmed by IXUP once the contract is completed, with work to commence immediately thereafter.
“Over the past eight years, IXUP has invested over $30 million in developing its data privacy and encryption software and governance platform. We are delighted that after extensive evaluation, the SEAF initiative has sought out IXUP as an integral part of SEAF. Initial SEAF partners include the Government of Western Australia, Microsoft, WAMSI, WABSI, Rio Tinto, BHP and others," IXUP’s CEO, Al Watson, said.
"We are encouraged by the quality of our partners and the rigour with which IXUP’s selection has been undertaken over the past two years. This outcome, which will see IXUP’s globally unique IP being commercialised for the first time, is a testament to the quality and uniqueness of the developed technology and our team.
“We expect this to be the first of many applications of IXUP’s core technology and look forward to working with various partners to explore the global applications of our technology in similar use cases, which require multiple parties to collaborate on sensitive data."
The initial deployment represents a measured launch of the SEAF platform and is initially funded for two important regions of the Pilbara and Cockburn, which represent two of the priority regions that are under consideration for rollout in the coming years.
