MultiSensor AI Partners with Seek Thermal, Leading Thermal Sensor Manufacturer

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Seek Thermal Customers Now Able to Leverage MultiSensor AI's Leading Condition-Based Monitoring (CBM) Software

HOUSTON, TX and SANTA BARBARA, CA / ACCESSWIRE / October 15, 2024 / MultiSensor AI Holdings, Inc. (Nasdaq:MSAI), a pioneer in AI-powered industrial condition-based maintenance and process control solutions, today announced that it has formalized a strategic partnership with Seek Thermal, Inc. Formed in 2012 by Bill Parrish, PhD and Tim Fitzgibbons PhD, Seek Thermal designs and develops high-quality thermal devices which are manufactured in the USA.

This partnership announcement is the culmination of months of effort between the two organizations to integrate Seek's hardware solutions with MSAI's predictive maintenance software. The partnership will provide Seek's customer base with easy access to cutting-edge software for asset reliability programs, and will provide MSAI's customers with a broader range of thermal imaging solutions.

David Gow, MSAI's Executive Chair, said: "This partnership with Seek Thermal is an important step forward for MultiSensor AI. Seek Thermal has a long, rich history of providing world-class thermal imaging solutions, with hundreds of thousands of units installed globally. Seek's user base will now have access to our AI-Powered, predictive maintenance software, which will allow them to enhance their reliability programs through MSAI's next generation data outputs and predictive analytics."

"We're excited to partner with MSAI," said Jeff Karlson, Seek Thermal's Vice President of Products and Marketing. "MSAI has spent years developing solutions that help their customers monitor critical assets and infrastructure. By integrating their AI-driven predictive maintenance platform with Seek's high-resolution, low-cost Guardian camera line, we are breaking down barriers to thermal monitoring that were once cost-prohibitive. Together, we're delivering a powerful solution that will help customers enhance safety, ensure operational continuity, and reduce costs."

The Strategic Partnership arrangement goes into effect immediately, and is expected to accelerate MSAI's and Seek's commercial activity, especially in the Distribution and Logistics, Electric Vehicle Manufacturing, and Industrial manufacturing markets.

This press release is not an offer for sale of the securities in the United States or in any other jurisdiction where such offer is prohibited, and such securities may not be offered or sold in the United States absent registration or an exemption from registration under the United States Securities Act of 1933, as amended.