BT Brands merger partner Aero Velocity to collaborate with HMT

BT Brands (BTBD) announced a strategic collaboration between its proposed merger partner, Aero Velocity, and privately held HMT. “Industrial inspection is entering a new era in which safety and data quality are rising, while costs and business disruptions are falling,” said Mark Hastings, CEO of Aero Velocity. “The U.S. above-ground tank inspection market is large, highly regulated and recurring by nature. We built our industrial solutions business to capture inspection-grade data quickly and repeatably at scale. Combined with HMT’s industry leadership, this collaboration modernizes how tanks and other critical assets are documented-improving safety and lowering costs while giving operators better information to plan maintenance and manage risk.”