Latest news with #SMRT
Yahoo
3 days ago
- Business
- Yahoo
SmartRent Enhances Its Platform with AI Intelligence and Energy-Saving Features
SmartRent, Inc. (NYSE:SMRT), a top provider of smart community and operations solutions for the rental housing sector, has announced a major upgrade to its platform by adding an AI-powered intelligence layer and improved energy management tools. These enhancements are designed to help operators make better decisions that reduce utility waste, lower costs, and support environmental, social, and governance (ESG) objectives. A builder wearing a hard hat admiring a newly constructed smart home. The latest innovation, SMRT IQ, uses real-time data from connected devices to give teams comprehensive insights across their entire property portfolio, enabling quicker and smarter operational decisions. This update represents a significant shift for SmartRent, Inc. (NYSE:SMRT), moving beyond simple automation to delivering intelligent solutions that simplify data access and interpretation, allowing operators to take immediate action. Isaiah DeRose-Wilson, Chief Technology Officer at SmartRent, Inc. (NYSE:SMRT), made the following comment: "SMRT IQ marks a significant milestone in SmartRent's evolution. It delivers constant, real-time IoT-device level data and visibility into all aspects of property performance, enabling the decision-making process with insights that just weren't possible before. By combining that data with conversational AI, we're helping teams make smarter decisions faster and act with confidence at scale. It's further connecting teams to their communities, saving them time and improving business agility across the board." Unlike others that offer partial solutions, SmartRent, Inc. (NYSE:SMRT) provides a complete property operations platform tailored for rental housing. It integrates connected hardware, digital workflows, and built-in intelligence to automate tasks for owners, operators, and site teams, helping reduce operating costs while enhancing the resident experience within one unified system. While we acknowledge the potential of SMRT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None. Sign in to access your portfolio
Independent Singapore
5 days ago
- Business
- Independent Singapore
$10,000 cash left on SBS bus miraculously returned to passenger within an hour
Photo: SBS Transit FB SINGAPORE: A passenger who accidentally left a bag containing $10,000 in cash on a public bus had the entire sum returned to him within an hour, thanks to the swift action of SMRT staff and a vigilant bus driver. SBS Transit took to social media on Sunday (1 June) and shared that a passenger who had boarded bus service 39 discovered to his horror that he had left behind a bag carrying a significant amount of cash. In a panic, he quickly called the Tampines Bus Interchange in the hope that someone might be able to recover it. On duty at the time was Choong Seong Kuong, Assistant Director of the Tampines Bus Interchange. Upon receiving the call, Mr Choong acted immediately, alerting the Operation Control Centre and initiating a search for the missing bag. With prompt coordination, the team was able to track down the bus in question. The driver, Dong Depeng, was quickly contacted and informed of the situation. After being notified, Mr Dong began checking the bus and eventually located the bag. Upon his return to the interchange, Mr Dong handed the bag over to Mr Choong, who personally ensured it was safely returned to the relieved passenger — all within the span of just one hour. The passenger, whose identity has not been disclosed, expressed his heartfelt gratitude to the team. 'The staff fulfilled their duties with great responsibility and I'm extremely grateful,' he said. Speaking about the incident, Mr Choong remained humble. 'We didn't think twice — it's our duty to look out for our passengers. We're just doing what's right,' he said, smiling.
Yahoo
5 days ago
- Business
- Yahoo
SmartRent Enhances Its Platform with AI Intelligence and Energy-Saving Features
SmartRent, Inc. (NYSE:SMRT), a top provider of smart community and operations solutions for the rental housing sector, has announced a major upgrade to its platform by adding an AI-powered intelligence layer and improved energy management tools. These enhancements are designed to help operators make better decisions that reduce utility waste, lower costs, and support environmental, social, and governance (ESG) objectives. A builder wearing a hard hat admiring a newly constructed smart home. The latest innovation, SMRT IQ, uses real-time data from connected devices to give teams comprehensive insights across their entire property portfolio, enabling quicker and smarter operational decisions. This update represents a significant shift for SmartRent, Inc. (NYSE:SMRT), moving beyond simple automation to delivering intelligent solutions that simplify data access and interpretation, allowing operators to take immediate action. Isaiah DeRose-Wilson, Chief Technology Officer at SmartRent, Inc. (NYSE:SMRT), made the following comment: "SMRT IQ marks a significant milestone in SmartRent's evolution. It delivers constant, real-time IoT-device level data and visibility into all aspects of property performance, enabling the decision-making process with insights that just weren't possible before. By combining that data with conversational AI, we're helping teams make smarter decisions faster and act with confidence at scale. It's further connecting teams to their communities, saving them time and improving business agility across the board." Unlike others that offer partial solutions, SmartRent, Inc. (NYSE:SMRT) provides a complete property operations platform tailored for rental housing. It integrates connected hardware, digital workflows, and built-in intelligence to automate tasks for owners, operators, and site teams, helping reduce operating costs while enhancing the resident experience within one unified system. While we acknowledge the potential of SMRT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Independent Singapore
5 days ago
- Automotive
- Independent Singapore
SMRT fined S$3 million after six-day East–West Line breakdown: A closer look at what went wrong
SINGAPORE: When trains grounded to a halt on the East–West Line (EWL) from Jurong East to Buona Vista on September 25, 2024, half a million commuters found themselves in limbo for six days. On Tuesday, the Land Transport Authority (LTA) announced it will impose a S$3 million penalty on SMRT, citing the gravity of the incident and the costs already borne by the rail operator. Here's how a seemingly small mechanical failure cascaded into one of Singapore's most disruptive rail incidents in recent memory—and how both LTA and SMRT are racing to ensure it never happens again. How a dislodged axle box sparked six days of chaos On the morning of Sept 25, a Kawasaki Heavy Industries (KHI) train was being withdrawn from service near Dover Station on its way back to Ulu Pandan Depot. That routine move took a sudden, unexpected turn: one of the axle boxes—an essential housing that supports the train's wheels—came loose and fell off the track. As the train continued on its journey, the third carriage's bogie (wheel assembly) derailed, gouging 2.55 km of rail and trackside equipment, including power cables and the third rail that supplies electricity. Passengers on board felt a burning smell; SMRT immediately halted the train at Clementi and evacuated riders safely. But the derailed bogie had already ripped up track and cables between Dover and Ulu Pandan, forcing LTA to suspend EWL services for six days until repairs were completed on Sept 30. Services resumed on Oct 1, but not before thousands of journeys were severely delayed or rerouted. LTA's findings: Degraded grease and deferred maintenance LTA's thorough investigation—supported by an independent forensic analysis from SGS Testing and Control Services—could not pinpoint a single 'smoking gun,' but it zeroed in on a likely culprit: degraded grease within the axle box. Over time, this grease failed to lubricate the bearings properly, causing excessive friction and heat. High temperatures, hidden alerts : A Hot Axle Box Detection System (HABDS) near Lavender station had registered 118°C on the affected axle box in the hours before the derailment—nearly twice the normal operating temperature of 65°C. Unfortunately, an internal system error at SMRT meant that maintenance staff could not identify which train had triggered the alert. As a result, no follow-up action was taken. : A Hot Axle Box Detection System (HABDS) near Lavender station had registered 118°C on the affected axle box in the hours before the derailment—nearly twice the normal operating temperature of 65°C. Unfortunately, an internal system error at SMRT meant that maintenance staff could not identify which train had triggered the alert. As a result, no follow-up action was taken. Chevron springs and catastrophic failure : As the bearings overheated, the rubber layers between the chevron springs (metal plates bonded with rubber) began to burn. LTA's report found traces of burnt rubber and metal debris along the track, indicating that the springs disintegrated first. With support weakened, the axle box eventually dislodged completely. : As the bearings overheated, the rubber layers between the chevron springs (metal plates bonded with rubber) began to burn. LTA's report found traces of burnt rubber and metal debris along the track, indicating that the springs disintegrated first. With support weakened, the axle box eventually dislodged completely. Extended overhaul intervals: Regular preventive maintenance on this train on September 10, 2024, showed no anomalies, and the bearings and springs appeared nominal. However, SMRT had twice extended its overhaul intervals—beyond the stipulated 500,000 km—first to 575,000 km in August 2022, and then to 750,000 km in August 2024, citing overall fleet reliability. By the time of the incident, the train had clocked 690,000 km since its last overhaul in 2018. LTA notes that, had this train been overhauled 'in a more timely manner,' degraded grease could have been replaced sooner. The S$3 million penalty: Proportionate costs and public interest In determining the penalty, LTA weighed several factors: SMRT had already spent over S$10 million on emergency repairs, free shuttle buses and trains, and allowing commuters free travel between Jurong East and Buona Vista for the six-day duration. Rather than funnelling the fine to general revenue, LTA will channel the S$3 million into the Public Transport Fund, which supports lower-income families with travel subsidies—an acknowledgement that no matter how many repairs happen behind the scenes, commuters shoulder the immediate impact. SMRT Trains posted a net profit of S$7.5 million on revenues of S$886.7 million—meaning a S$3 million fine, while significant, is proportionate. Lessons learned, and the road ahead For half a million daily riders, six days without EWL service underscored how a single mechanical failure can ripple across an entire city's routines—from late-night hospital shifts to early-morning school commutes. LTA's final report makes one thing clear: routine maintenance and monitoring data must be treated as urgent red flags, not background noise. SMRT Trains president Lam Sheau Kai acknowledged at a briefing that, despite decades of reliable service, 'a convergence of factors'—delayed train deliveries, extended overhaul intervals, supply-chain bottlenecks—'caught them off guard.' He added, 'In hindsight, we could perhaps have exercised greater caution in how we managed the transition and decommissioning of older trains.'
Independent Singapore
6 days ago
- Business
- Independent Singapore
SMRT fined S$3M for September's train disruption; funds to help low-income families
Photo: FB screengrab/SMRT SINGAPORE: The Land Transport Authority (LTA) announced a S$3 million fine against Singapore public transport operator SMRT due to a six-day MRT disruption on the East-West Line (EWL) in September last year. The penalty will go to the Public Transport Fund to help lower-income families with their public transport expenses, Bernama reported. LTA said the disruption from Sept 25 to 30 last year was likely caused by a degraded grease in the train's axle box, which caused it to overheat and fail. 'Degraded grease can cause increased wear and tear of the axle bearings, eventually causing overheating and failure,' LTA said in its Facebook post. LTA noted that burnt rubber and metal parts from the chevron springs were found along the track where the train passed. However, LTA said it was not possible to establish a definitive root cause. 'LTA also found that SMRT had extended its overhaul interval for the incident train beyond its stipulated maintenance requirement of 500,000km to 575,000km in August 2022 and 750,000 km in August 2024. These extensions were carried out based on their internal procedures, without any detailed engineering and risk assessment, as axle box failures are not common,' it stated. See also Transport Minister apologises for MRT power disruptions In deciding the penalty amount, LTA took into account the over S$10 million SMRT had already spent on repair works and on providing free alternative bus and shuttle train services at affected stations during the disruption period. Train services fully resumed on Oct 1, 2024, after six days of repair work. The following month, LTA announced a decline in the Rail Service Reliability Performance , particularly for the East-West Line (EWL). /TISG Read also: F&B operators near Buona Vista MRT station said their sales dropped up to 70% amid East-West Line service disruption
