Summary
- Profile Type
- Business Offer
- POD Reference
- BOGB20240731010
- Term of Validity
- 2 August 2024 - 2 August 2025
- Company's Country
- United Kingdom
- Type of partnership
- Commercial agreement
- Targeted Countries
- Canada
- Germany
- United States
- South Korea
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General information
- Short Summary
- The UK company has developed a family of AI enabled industrial sensors which ensure ultra-high productivity of industrial assets by predictive maintenance of production machinery. They would like to build upon their UK success and are now looking to further develop their sales channels by increasing commercial partnerships into overseas territories.
- Full Description
-
In manufacturing, recurrent breakdowns of crucial machinery causes significant production delays due to inadequate monitoring of high-value assets like motors, conveyors, and processing units.
Traditionally, costly periodic service visits were the norm, driving up maintenance expenses and prolonging downtimes. The absence of real-time monitoring and predictive maintenance worsens the situation, making it hard to foresee and address potential failures promptly. This increases costs and reduces productive time, straining finances and operations.
In manufacturing, recurrent breakdowns of crucial machinery causes significant production delays due to inadequate monitoring of high-value assets like motors, conveyors, and processing units.
Traditionally, costly periodic service visits were the norm, driving up maintenance expenses and prolonging downtimes. The absence of real-time monitoring and predictive maintenance worsens the situation, making it hard to foresee and address potential failures promptly. This increases costs and reduces productive time, straining finances and operations.
To address these challenges, manufacturing plants must revolutionise their maintenance approach. Adopting advanced monitoring technologies and predictive maintenance methodologies is crucial. These innovations enable continuous machinery health monitoring, allowing early detection of anomalies and potential failures. Transitioning from reactive to proactive maintenance practices can significantly reduce unplanned downtime, boost operational efficiency, and strengthen financial resilience.
In response to these challenges UK company has developed a retrofit plug-and-play solution meticulously crafted for seamless integration onto individual high-value assets. The industrial sensors capture vital machine information to foresee potential failures, ensuring uninterrupted operations.
The sensors monitor electrical current drawn, operational temperature, vibration, and the unique sound signature of each asset, enabling the advanced algorithm to detect abnormalities with precision.
The sensors also include advanced environmental monitoring system, tracking CO₂ emissions, temperature, humidity, and air quality to meet upcoming carbon footprint regulations.
The company now seeks commercial sales partnerships in overseas territories to increase their sales revenues and gain market share in the industrial monitoring sector.
Limit - Advantages and Innovations
-
AI Machine Health Monitoring
The AI sensor package includes vibration, temperature, current and sound sensors, that help in the early detection of potential issues, allowing for predictive maintenance and reducing downtime.
Integrating these sensors enables remote monitoring and analytics, enhancing operational efficiency and decision-making. The use of advanced machine monitoring sensors not only extends the lifespan of machinery but also optimizes resource utilization and ensures safety in industrial environments.
The sensors enable asset owners to observe in real time the stress of industrial assets and prevent expensive unplanned downtime of production lines.
The technology offers significant reductions in cost and enables the infrastructure owner to gain a better understanding of their machinery and plan for future maintenance.
The business has two routes to market.
1. Through commercial partnerships with specialist manufacturing technology integrators
2. Direct to large infrastructure owners E.g. Rolls Royce, Shell, BP, Tata etc.
Key Features:
Retrofittable advanced sensing capabilities
Cutting-edge data transmission and storage
Advanced analytics and predictive maintenance models
Real-time remote monitoring dashboard
Integration with maintenance workflow platforms
Key Benefits
Downtime reduction and cost savings
Overall equipment efficiency (OEE) improvement
Proactive decision-making
Reduced carbon footprint
Employee training and adoption
The company would like to meet technology integrators who are engaged with the industrial manufacturing sector and can add the sensor technology into their existing portfolio of hard tech services.
The business is fully committed to the support of their commercial partners through regular sales and technical training, marketing materials and product updates. - Technical Specification or Expertise Sought
- Commercial Partners must have experience in the industrial software and industrial infrastructure sector and be able to offer reach into the end user market.
- Stage of Development
- Already on the market
- Sustainable Development Goals
- Goal 9: Industry, Innovation and Infrastructure
- Goal 12: Responsible Consumption and Production
- IPR status
- IPR granted
Partner Sought
- Expected Role of a Partner
-
Partners will be expected to have an existing customer base and experience in industrial sectors.
Partners will be expected to integrate the industrial sensors into their solution portfolio and work with the UK business to develop the market in line with commercial sales agreements.
Full sales materials and technical support will be available for the solutions to with a view of building long term relationship between the channel partner and the UK business. - Type and Size of Partner
- Big company
- Type of partnership
- Commercial agreement
Dissemination
- Technology keywords
- 02003002 - Manufacturing plants networks
- 02003001 - Process automation
- 02003005 - Information processing & Systems, Workflow
- Market keywords
- 08002005 - Machine vision software and systems
- 08003005 - Other industrial machinery for textile, paper & other industries
- 08002002 - Industrial measurement and sensing equipment
- Sector Groups Involved
- Electronics
- Energy-Intensive Industries
- Targeted countries
- Canada
- Germany
- United States
- South Korea