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Startup offering AI based predictive maintenance industry solutions seeks industry partners and machine manufacturers

Summary

Profile Type
Technology offer
POD Reference
TODE20230607012
Term of Validity
7 June 2023 - 6 June 2024
Company's Country
Germany
Type of partnership
Commercial agreement with technical assistance
Targeted Countries
United StatesItalyPolandSouth KoreaUnited KingdomAustriaSpainGreecePortugalSloveniaJapanSlovakiaFranceLithuaniaNorwayVietnamEstoniaHungaryBelgiumCzechiaNetherlandsDenmarkLatviaSwitzerlandSwedenFinlandCanadaSingapore
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General information

Short Summary
A Northern German startup developed a data based predictive maintenance solution for machines that can prevent industry from significant downtimes caused by machine failure. Today, the company targets the automotive-, plastics- and packaging industry, as well as machine manufacturers. The industrial interface “Open Platform Communications Unified Architecture“ (OPC UA) is required for implementation.
Full Description
Machine or engine failure cause significant damage for industry: Loss of time and loss of a lot of money. Using advanced technologies for predictive maintenance, deteriorations in machinery and equipment can be detected at the onset and preventive measures may be taken before down time occurs.

A Northern German startup develops a unique algorithm on the base of probabilistic models that ensures an advantage to any other solution for predictive maintenance of nearly any kind of machine or engine. Based on sensor data, an algorithm combines statistics with neural networks to create a digital twin of the machine. The software detects anomalies at early stage and can predict machine failure up to one week in advance. It can identify the cause of malfunction and continuously supports with automatic condition monitoring. It creates a way more stable and less prone to errors prediction for machine failures, reducing down times of machinery by up to 20%.

The startup offers cooperation to machinery manufacturers from EU, US and Asia, that want to integrate the predictive maintenance solution into their machinery or as an add-on feature into their portfolio.

Machine manufacturers can benefit from cooperation by gaining a permanent overview of the vitality status of the machines and by offering their customers utmost advanced technology for predictive maintenance, increasing sustainability through optimization of production processes and extension of machinery lifetime thanks to prevention of major damages. Technical cooperation agreements are envisaged.
Advantages and Innovations
- Sophisticated, data based solution that reduces maintenance costs and increases sustainability. The unique algorithm on the base of probabilistic models ensures an advantage to any other solution.
- Down times of machinery will be reduced by up to 20%.
- Maintenance costs are reduced by up to 17%.
- Clear operating instructions for engineers.
- Permanent overview of the vitality status of the machine.
Stage of Development
Already on the market
Sustainable Development Goals
Goal 9: Industry, Innovation and Infrastructure

Partner Sought

Expected Role of a Partner
Machinery manufacturers within European Union, US or Asia with an interest to integrate the predictive maintenance solution into their machinery or offer it as an add-on feature. The industrial interface “Open Platform Communications Unified Architecture“ (OPC UA) is required for seemless implementation.
Type and Size of Partner
SME 11-49SME 50 - 249Big company
Type of partnership
Commercial agreement with technical assistance

Call details

Coordinator required
Yes

Dissemination

Technology keywords
01004011 - Maintenance Management System01003003 - Artificial Intelligence (AI)02002009 - Machine Tools
Market keywords
02007016 - Artificial intelligence related software02007014 - Other industry specific software08003005 - Other industrial machinery for textile, paper & other industries
Sector Groups Involved
Mobility - Transport - AutomotiveElectronicsAerospace and DefenceDigital
Targeted countries
United StatesItalyPolandSouth KoreaUnited KingdomAustriaSpainGreecePortugalSloveniaJapanSlovakiaFranceLithuaniaNorwayVietnamEstoniaHungaryBelgiumCzechiaNetherlandsDenmarkLatviaSwitzerlandSwedenFinlandCanadaSingapore