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CiDRA Holdings Announces the Spin-out of Its Concrete Quality Systems Business into a Standalone Company

Posted on 10237 CiDRA Holdings has a twenty-year history of conceiving, developing and building leading edge companies and then spinning them out as standalone businesses. CiDRA Concrete Systems, Inc. (“CiDRA Concrete”) is the latest example of this proven business model in action. CiDRA Concrete, headquartered in Eden Prairie, Minnesota, is an IoT based business that provides real time data that continuously measures the concrete quality from the batch plant to the job site via concrete Ready-Mix trucks. This data is captured through the Company’s proprietary SMARThatch sensor mounted on each truck. The data is then delivered for cloud-based access via on-board telematics allowing for real time concrete quality data to be immediately available to the concrete producer. This subscription-based data service and the data generated provides for faster response to concrete quality variability during transport.

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