HOUSTON, May 10, 2017 /PRNewswire/ -- Panton International (www.pantoninc.com) has announced its acquisition of MetLoop Precision Weather Technologies (www.metloop.com) for an undisclosed sum, effective April 10th, 2017.
The move combines MetLoop's precision-driven predictive weather technology with Panton's robust analytics capabilities. Dave Carlson, who co-founded MetLoop along with Trevor Leeds and Brad Hakala, will become President of Panton International, and stated: "The combined company will have the ability to be an all-in-one service for the insurance industry for weather-related events. With MetLoop's vast capabilities, Panton International will offer insurers the ability to predict, with advance precision, the track of incoming severe weather events such as hail and tornado, helping to save both insurers and their clients millions of dollars in damage with each event."
Frank Li, Chairman of the Board for Panton International, stated: "We are very excited to have MetLoop in the Panton family as their technology-driven systems are a great fit for our analytics-based business and will greatly enhance our offerings to our core clients and allow for expansion into other areas."
Joseph Liu, CEO of Panton International, added: "When you combine MetLoop's ability to predict and track incoming severe weather events with Panton International's analytics and aerial roof diagnostics capabilities to assess post-weather damage, the combined company will be able to efficiently and cost-effectively service its clients on both ends of severe weather events, saving our clients untold millions of dollars in damages."
The combined company will be based in Houston, TX, at Plaza Professional Offices, 24 Greenway Plaza #1150, and can be contacted via email: email@example.com.
About Panton International
Panton provides a big data business platform and connects a variety of industry sectors. Panton's current breakthrough area is Roof Damage Claims Process in the Insurance and Roofing Industry. Panton provides the first and the only commercialized End-to-End Drone-Enabled Claims platform in the US, which is powered by computer vision and deep learning technology. The market size that Panton is currently disrupting is $10 billion per year. Its current clients include top national insurance, roofing and construction companies, and the client base is growing exponentially.
MetLoop is a revolutionary company created by meteorologists, building contractors, technology developers and seasoned executives. The Fort Walton Beach, Fla.-based company takes a unique approach to weather forecasting and analysis, having re-purposed military-grade technology for the civilian market, bringing a new level of accuracy.
MetLoop is the only company that only uses meteorologists who are both military-trained and NEXRAD certified. MetLoop works in conjunction with a variety of industries and companies including insurance carriers, building contractors, utility and energy companies, manufacturers, suppliers, and home security and automation companies.
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SOURCE Panton International