Frontier IP Group PLC (AIM:FIPP) said its investee company Celerum launched its Truck Logistics System and landed its first order for the AI-driven software.
Using ‘nature-inspired computing’ the product helps maximise resources across logistics networks, cutting costs, carbon emissions and delivery times.
The unnamed new customer is a ‘road haulier operating a fleet of about 75 trucks and 150 trailers in the north of the UK’.
Frontier owns 33.8% of Celerum. Chief executive Neil Crabb said: "The launch of its first commercial software is an exciting development for Celerum.
“The need for companies to maximise the resource efficiency of their supply chains and logistics has been underlined by recent concerns over lorry driver shortages in the UK and the pressing need to minimise carbon emissions as part of initiatives to tackle climate change."