[Stockholm, Sweden, February 23, 2018.] H&D Wireless, The Swedish supplier of IoT and RTLS Clouds Platform Solutions, recently listed on Nasdaq First North, has been evaluated and approved in a project with another Swedish industrial company. The truck manufacturer Scania has evaluated H&D Wireless GEPS indoor positioning system in its ���SmartFactory Lab” in Södertälje, Stockholm, with the goal of getting a better overview of processes and objects through production.
After several successful demonstrations and presentations in recent months, H&D Wireless (HDW) has now been invited to quote their services to a pilot project in Scania’s factories. As early as June 2017, HDW was chosen as supplier of indoor positioning, RTLS (Real-Time Locating System), to Scania’s concept factory in Södertälje, called “SmartFactory Lab”. The system digitizes and visualizes physical processes and identifies, among other handling of material, production bottlenecks, uneven production flow and unexpected machine interrupts.
“We are proud, after 6 months of evaluation in SmartFactory Lab, to have passed a very important milestone with one of the world’s largest truck manufacturers, that is, to be invited to offer in a pilot project at Scania”, said Pär Bergsten, CEO and founder of H&D Wireless AB. “We know that our solution GEPS for industry (Griffin Enterprise Positioning Services) Creates business value: The industrial companies that implement RTLS solutions can expect 20-40 percent improved utilization of their equipment, as well as 6-12 months payback. This also applies to the automotive industry.”
“At Scania SmartFactory Lab, we evaluate new technologies and solutions to see what you can achieve. Furthermore, we are demonstrating the technologies in the most real way possible regardless of the on-going production”, explains Lars Hanson, Project Manager for SmartFactory Lab at Scania.
SmartFactory Lab is a new key part of a structured process to introduce new technologies to Scania’s global factories, including the sister company MAN’s factories.
GEPS for Industry Launched in spring 2017 and has further strengthened Swedish H&D Wireless position on the fast-growing market for Industrial IoT solutions now also wireless real-time tracking (RTLS). H&D Wireless System Supports multiple wireless technologies such as UWB, BLE, RFID, GPS, NB-IoT, LTE and Wi-Fi, which combined with Security Protocols, Data analysis and Artificial Intelligence, Can Follow Everything from forklifts to materials, people, products and work processes. The market for smart factories and industrial IoT is growing strongly and is expected to be worth more than $225 billion in 2022 (Markets and Markets Research).
This information is such information that H&D Wireless AB is required to disclose under the EU market abuse regulation. The information was provided, through the above contact person, for publication 08:30am CET on 23rd February 2018.