Administration of Equity Investment for Skycatch, Inc.

Skycatch's core business is providing industry-leading technology for fast and reliable three-dimensional (3D) drone data capture, processing, visualization, and analysis. Its technology enables infrastructure project clients to improve planning and operational efficiency significantly, thereby cutting costs and lead times and reducing environmental waste and carbon dioxide (CO2) emissions. Skycatch is operating in multiple DMCs, including the Peoples Republic of China, Indonesia, Nauru, the Philippines, and Thailand. The initial target segments include construction and renewable energy industries. Skycatch's global technical support operations, which is an important part of its core business, is currently located in the Philippines. The development impact of Skycatch's technology aligns with ADB's operational priorities to tackle climate change, build climate and disaster resilience, and enhance environmental sustainability in Asia and the Pacific.Infrastructure projects. Emerging Asia's infrastructure market will account for about 60% of the world total by 2037.4 The global infrastructure industry is a significant contributor to global CO2 emissions, while facing major challenges in terms of project delays and cost overruns. For example, an estimated 90% of large construction projects face cost overruns (on average 80% higher than original estimates) and schedule delays (on average 20 months). The construction industry accounted for 11% of global CO2 emissions in 2018 and is a major contributor to environmental pollution.Aerial surveying of infrastructure projects. Drone technology can play a critical role in improving the performance of infrastructure projects in DMCs. Project site supervisors depend on human observations, which are prone to error and often costly. This leads to difficulties in tracking project progress in real time and the early detection of problems. The outcome is often protractedproject delays resulting in massive waste and declines in productivity, efficiency, and profit. The use of drone technology for high-precision aerial surveying and digital 3D mapping of infrastructure projects allows for more accurate, detailed, and frequent tracking throughout the project life cycle. The potential benefits include significant cost and time savings, reduced wastage through smarter use of resources, and improved safety.