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CiDRA Holdings Announces the Spin-out of Its Concrete Quality Systems Business into a Standalone Company CiDRA Holdings Announces the Spin-out of Its Concrete Quality Systems Business into a Standalone Company 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 Companys 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 ....
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 transp ....
SIKA EXPANDS COOPERATION WITH US-BASED CIDRA CONCRETE SYSTEMS SIKA EXPANDS COOPERATION WITH US-BASED CIDRA CONCRETE SYSTEMS Sika is expanding its cooperation with CiDRA Concrete Systems Inc., headquartered in Eden Prairie, Minnesota, and has completed a growth equity investment agreement to supplement its existing global relationship. CiDRA specializes in IoT-based digital systems to monitor concrete properties during transport. Sika and CiDRA already offer this service to customers in the US and Canada – now concrete producers in other countries will follow. CiDRA Concrete Systems is a market leader in digital monitoring and information systems for concrete loads in trucks. High-precision on-board systems measure the quality of the concrete during its transport from the batching plants to the job sites. Currently customers in the US and Canada benefit from this offering through a data subscription service, enabling concrete producers to access real-time concrete qua ....