Nanoprecise prevents unexpected downtime
18/04/2023
Frost & Sullivan has researched the artificial intelligence (AI)-based predictive maintenance industry and, based on its analysis, has recognised Nanoprecise Sci Corp (Nanoprecise) with the 2022 North America New Product Innovation Award. The company provides customised Industrial Internet of Things (IIoT) and AI-based predictive maintenance and condition monitoring solutions for rotating machinery in industrial or building facilities. By effectively monitoring and analysing six important parameters, Nanoprecise prevents machine downtime and enhances overall performance and lifespan, thereby reducing the associated emissions. Nanoprecise’s IIoT and AI-based predictive maintenance and condition monitoring solutions allow customers to reduce false positives to less than 5% and false negatives to less than 1%, providing seamless accessibility through an intuitive and open user interface.
It is claimed that Nanoprecise’s MachineDoctor is the world’s first and only IIoT hardware that offers real-time insights into the health and performance of industrial assets by measuring vibration, acoustic emissions, speed, magnetic flux, temperature and humidity. It works on cellular networks (3G/4G/5G) using an eSIM to connect the machines to the internet and lasts for five to eight years in terms of battery life. MachineDoctor is ATEX and IECEx Zone 0 certified, enabling it to be used within explosive atmospheres/hazardous industrial environments, thereby bringing productivity and safety benefits to manufacturing operations. It is truly wireless, which also helps to avoid the issues associated with complex wiring. It offers extensive coverage and also provides a high level of security for communication.
RotationLF is a scalable and sensor-agnostic platform that monitors the condition of the machines in real time and predicts their remaining useful life. It automatically detects patterns by building a prediction model that identifies when a given piece of equipment and its components are approaching the end of their remaining useful lives or are at risk of failure. It receives data from MachineDoctor sensors through an encrypted and secured network and analyses it using a combination of artificial intelligence and physics-based models to detect even small changes in the machine, thereby preventing unplanned downtime and increasing the overall efficiency of the manufacturing operations.
NrgMonitor is an energy efficiency feature, which is an addition to the RotationLF platform, and helps manufacturers track their energy efficiency and carbon footprint.
Isaac Premsingh, Senior Consultant at Frost & Sullivan, noted: “Frost & Sullivan recognises Nanoprecise for its visionary solutions and its continued success in addressing key challenges that customers face across various industries. Its successful use-cases demonstrate the company’s sought-after partnership position and flexible options for MachineDoctor to meet customer needs.”
Steven Lopez, Best Practices Research Analyst at Frost & Sullivan, added: “Nanoprecise’s flagship products enable 24/7 monitoring and give access to end-to-end capabilities across various wireless connectivity options for all asset management system levels. The company continues to grow by building strategic partnerships across various industries and garnering customer trust, proven by successful use-cases.”
With its strong overall performance, Nanoprecise earned Frost & Sullivan’s 2022 North America New Product Innovation Award in the AI-based predictive maintenance industry. Each year, Frost & Sullivan presents this award to the company that develops an innovative element in a product by leveraging leading-edge technologies. The award recognises the value-added features/benefits of the product and the increased return on investment (ROI) it gives customers, which, in turn, raises customer acquisition and overall market penetration potential.
