Veris leads successful consortium

Spatial data services provider Veris will be involved in the Victorian state government's Digital Twin Victoria program, after successfully leading a 10-member company consortium.

The Jolimont-based company told the market that the consortium had been appointed a DTV innovation partner and will help provide a raft of services to the platform from June, over a three-year period.

The digital twin concept is a virtual representation of either a physical system or object. Along with spanning the object's lifespan, it's continually updated from up-to-date information.

Launched in 2020, the Victorian state government aimed for all of the state to be online by the middle of 2024, in a bid for stakeholders and the general public to share data and services openly, along with reducing red tape wherever possible.

The DTV program is structured across seven key pillars, including automated approvals and advanced earth observation.

Despite the final value of the consortium's deal presently unavailable due to the scope of services, Veris' managing director and chief executive officer Michael Shirley said it was important for the company's digital strategy. 

“Our team of spatial specialists have an enduring passion and professionalism to unlock innovation to create digital twins and creatively innovate to ensure these digital assets remain current and benefit from real-time monitoring and updates," he said.

"Furthermore, we’ve been able to assemble a remarkable group of spatial and wider expertise through our consortium.

"This win is closely aligned to our digital strategy, and we are thrilled to embark on this transformative journey with Digital Twin Victoria."

Veris is no stranger to the digital twin concept.

In 2020, the company created a digital twin of the Sunbury railway station, located 41km north-east of Melbourne, which included undertaking a 3D laser scanning survey of relevant elements, including architectural and structural - as part of the Sunbury train line's $2.1 billion upgrade. 

Last year, Veris also took home multiple gongs at the Tasmanian geospatial excellence awards, due to its work on both the Hobart Rivulet digital twin and North-West Coast Underwater Bridge inspections project.

Veris last traded at 5.8 cents per share, down 3 per cent, as of 11.09am AWST.