Bureau Veritas Partners with Avitas Systems, a GE Venture, to Create the Next Generation of Inspection Services Driven by Advanced Analytics

Bureau Veritas and Avitas Systems will transform industrial
inspection with predictive analytics, robotics, and AI across
industries, focusing short-term on electric power and utilities

PARIS-LA DEFENSE, France & BOSTON–(BUSINESS WIRE)–Today, Bureau
Veritas, a world leader in testing, inspection, and certification
services, and Avitas
Systems, a GE Venture, announced a strategic alliance to bring to
market cross-industry, analytics-based inspection. This partnership will
provide enhanced end-to-end inspection services to customers at a global
scale.

Through the partnership, Bureau Veritas will advance its independent
inspection services with the Avitas Systems cloud-based platform,
combining automated data collection and artificial intelligence
techniques to bring continuous industrial risk management to a new level
for asset owners.

Avitas Systems will provide technologies, including sensors, drones, and
other robotics, paired with deep learning-based data analytics to
automatically recognize asset defects and deliver results via an online
interface with user-accessible data and reporting. New technologies will
prevent inspectors from working in high-risk and repetitive working
conditions, which will improve overall safety and efficiency.

“We are very excited to partner with Bureau Veritas, especially given
its global reach and reputation for industry-leading inspection and
certification,” said Alex Tepper, Founder and Head of Corporate
and Business Development at Avitas Systems. “By combining
resources, we will have an unrivaled digital inspection offering.”

Bureau Veritas will provide its deep-rooted, global expertise in
industrial assets, notably in visual inspection and non-destructive
testing, to create a wide range of integrity assessment models and
upgraded services using Avitas Systems technologies.

The joint offering will initially focus on electric power and utility
assets, notably renewable energy, and will progressively expand to other
industrial assets.

“Digital transformation is a unique opportunity for our customers and
business sector to redefine the way asset integrity and performance are
managed, while improving the safety of inspectors on the field,”
said Joerg Gmeinbauer, Global Market Lead, Power & Utilities at
Bureau Veritas. “This next generation of inspection services will
revolutionize the way industries monitor their assets, while enabling us
to make our core mission of risk reduction and performance improvement a
reality in the digitalized world.”

About Avitas Systems, a GE Venture

Avitas Systems is a GE Venture advancing the inspection services
industry across oil and gas, transportation, and electric power sectors
through predictive data analytics, robotics, and artificial
intelligence. Its solutions increase safety and decrease inspection
costs by providing state-of-the-art robotic-based autonomous and
semi-autonomous inspection management, smart scheduling, and a
cloud-based platform that analyzes and stores comprehensive inspection
data. Avitas Systems delivers advanced insights based on anticipated
risk, boosting facility productivity. For more information, visit http://www.avitas-systems.com/,
or follow on Twitter
(@Avitas_Systems) and LinkedIn.

About Bureau Veritas

Bureau Veritas is a world leader in laboratory testing, inspection and
certification services. Created in 1828, the Group has 74,000 employees
located in 1,400 offices and laboratories around the globe. Bureau
Veritas helps its clients improve their performance by offering services
and innovative solutions in order to ensure that their assets, products,
infrastructure and processes meet standards and regulations in terms of
quality, health and safety, environmental protection and social
responsibility. Bureau Veritas is listed on Euronext Paris and belongs
to the Next 20 index. Compartment A, ISIN code FR 0006174348, stock
symbol: BVI.

For more information, visit http://www.bureauveritas.com,
or follow on Twitter
(@BureauVeritas) and LinkedIn.

Contacts

Avitas Systems, a GE Venture
Dominique Mann, 202-316-7103
dominique.mann@ge.com
or
Bureau
Veritas Group, Media:
Delphine Schroeder, +33 (0)6 82 51 65 29
delphine.schroeder@dscommunication.fr
or
Delphine
Sacleux, +33 (0)6 71 10 80 03
delphine.sacleux@dscommunication.fr
or
Véronique
Gielec, +33 (0)1 55 24 76 01
veronique.gielec@bureauveritas.com
or
Bureau
Veritas Group, Analysts/Investors:
Laurent Brunelle, +33 (0)1
55 24 76 09
laurent.brunelle@bureauveritas.com