LMI Technologies Acquires AI, IIoT Inspection Company FringeAI

VANCOUVER, British Columbia, Feb. 1, 2021 — 3D scanning and inspection company LMI, a producer of vison-based sensors for applications in factory production, has acquired FringeAI, an AI and IIoT (industrial internet of things)/5G inspection company based in Boston. FringeAI provides its integrated deep learning software suite, edge devices, and IIoT/5G-connected cloud services to multiple markets.

In a press release, LMI said it will integrate the acquired company into its existing group of companies, forming an AI solution group. LMI in January announced that Mark Radford, who previously served as the company’s chief operating officer, would succeed Terry Arden as CEO.

About LMI Technologies Inc.

Published: February 2021

Glossary

machine vision: Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
embedded vision: Embedded vision refers to the integration of computer vision technologies into various embedded systems, devices, or machines. Computer vision involves teaching machines to interpret and understand visual information from the world, much like human vision. Embedded vision takes this concept and applies it to systems where the processing occurs locally within the device, as opposed to relying on external servers or cloud-based services. Key components of embedded vision systems include: ...
computer vision: Computer vision enables computers to interpret and make decisions based on visual data, such as images and videos. It involves the development of algorithms, techniques, and systems that enable machines to gain an understanding of the visual world, similar to how humans perceive and interpret visual information. Key aspects and tasks within computer vision include: Image recognition: Identifying and categorizing objects, scenes, or patterns within images. This involves training...

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