relayr, a global industrial internet of things (IIoT) technology company, has moved into into a strategic contract with FLANDERS. FLANDERS is a global leader in electric machine repair, power systems engineering, custom manufacturing, integration, and the deployment of advanced technologies for the world's biggest machines with electric turning systems in heavy industry. Together, the companies are establishing and deploying remotely monitored, intelligent solutions with secured business outcomes to FLANDERS' global customers.
The partnership leverages relayr's artificial intelligence-based IoT technologies to disrupt how mainstream assets in high-demand scenarios are managed in heavy industrial environments, like mining, mills, and other manufacturing plants. This gives FLANDERS' customers access to new digital services to deeper reduce unanticipated downtime and improve asset results. Operators are supplied with ongoing and thorough insights into critical breakdowns and efficiency levels in a predictive fashion. The new digital services also lower capital expenditures and ensure maximum production of critical assets - which is guaranteed through relayr's parent company, Hartford Steam Boiler/Munich RE.
'The results of a digital transformation can be significant, and an increasing number of businesses across nearly every industry are embracing IoT solutions to enhance operational efficiency, maximize productivity, and typically change the way they do business for the better,' said Guneet Bedi, GM of the Americas for relayr. 'Our partnership with FLANDERS will have a far-reaching impact on our respective customers, and we're happy to begin working with them on this exciting new endeavor.'
For FLANDERS, the partnership includes a shift to a predictive service model, which offers uptime and business interruption guarantees. These assures are available through relayr's years of domain experience mixed with predictable algorithms that determine revenue and cost certainty for FLANDERS' customers. FLANDERS is also evaluating the offerings of a pay-per-use model for its custom manufactured products and services, an industry first in this segment.
'As we move additionally into the world of Industry 4.0, it is extremely clear that undertaking a digital transformation is a essential move in order for us to maintain to serve our customers with the world-class electrical expertise FLANDERS is known for,' said Shawn Collins, FLANDERS' Executive Director, US Regional Service Centers. 'relayr's expertise and thought leadership in IIoT, merged with our application knowledge, will yield solid business outcomes for our customers.'
Both relayr and FLANDERS have an agnostic position towards automation equipment for flexibility and agility to achieve success within the complexity of today's industrial environment.