Nanoprecise | Top 10 Smart Infrastructure Solutions Company In Canada - 2024
Nanoprecise: Applying IoT and AI to Optimize Machine Performance and Lifespan
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CIOREVIEW >> Smart Infrastructure >> Nanoprecise

Nanoprecise has been recognized by CIOReview Magazine as the recipient of “Top 10 Smart Infrastructure Solutions Companies In Canada - 2024,” based on our proprietary methodology, reflecting its position in the industry. This profile has been developed by the CIOReview research and editorial team based on insights from an interview with Sunil Vedula, CEO and Founder.

Nanoprecise
Applying IoT and AI to Optimize Machine Performance and Lifespan

Nanoprecise

Sunil Vedula, CEO and Founder
Industrial equipment frequently operates inefficiently before breaking down, leading to increased energy consumption and production disruption. This ineffectiveness results in substantial losses. Therefore, improving equipment efficiency is crucial for achieving business sustainability. The situation raises the question of how to maintain sustainability while minimizing losses. The answer to this lies in the optimization and vigilant monitoring of equipment operations.

This led to the creation of Nanoprecise, a company that specializes in predictive maintenance solutions for industrial machinery. The company employs Energy Centered Predictive Maintenance to monitor and diagnose critical machines that keep the operations moving. It prevents production losses and ensures that manufacturing supply chains produce goods optimally.

“Our company never allows the machinery to lapse and always keeps it at its best,” says Sunil Vedula, CEO and Founder of Nanoprecise.

The company aims to determine when the machinery might fail. It believes in taking faster maintenance action to ensure the equipment runs efficiently during production. It understands that machines, like humans, exhibit certain signs when not functioning properly. To detect these signs, the company uses an IoT device called MachineDoctor.

MachineDoctor is a wireless sensor designed to be scalable and globally applicable, thanks to its ability to communicate with a global SIM card. The method is similar to smartphones and works in 175 countries with 375 telecom operators. It is engineered to collect data on six parameters. These parameters include vibration, sound, temperature, magnetic field, speed of the machine and humidity. The sensor can detect and capture data in any situation and has found applications in various sectors, including manufacturing.

Once MachineDoctor collects the data, a platform that combines AI and physics-based models named RotationLF analyzes it. It is a scalable, sensor-agnostic platform that monitors machine conditions in real-time, analyzes complex health data and predicts the remaining useful life (RUL).

The software detects anomalies, diagnoses problems related to components like bearings or shafts and predicts the remaining time to failure. It also calculates the increased energy consumption due to the fault, emphasizing the importance of maintenance to prevent unnecessary energy use.

After identifying the problem, its impacts and root cause, the software recommends actions to rectify it.

RotationLF works seamlessly with MachineDoctor sensors, receiving data through an encrypted and secured network and detecting even small changes in the machine. It is the only software that uses the sophisticated CEEMDAN algorithm for early machine failure detection. Using it enhances machine longevity, enables advanced planning for maintenance activities, prevents overload from false notifications and averts the recurrence of faults.

Our company never allows the machinery to lapse and always keeps it at its best


An apt example of this is when Nanoprecise helped Nutrien, a potash miner, improve machinery efficiency. It installed sensors on about 100 gearboxes, which were essential for Nutrien’s production. These sensors were capable of detecting even minor signs of potential failure.

Within three months, the sensors detected a gearbox issue. Earlier, such an issue would have caused 12 hours of downtime, costing Nutrien $120,000 per hour. Early detection allowed planned downtime and gearbox replacement, saving about $720,000 by reducing downtime to six hours. Thus, the company’s solution helped Nutrien prevent unexpected machinery failure, reduce downtime and save a significant amount of money.

The key differentiating factor of the company is its multidisciplinary team. It possesses a diverse array of expertise, ranging from software development and hardware engineering to sales, marketing and condition monitoring. This unique blend of skills and knowledge, coupled with business acumen, enables it to deliver a comprehensive solution that adds value to customers.

Integrating domain expertise with AI also ensures accurate and reliable machine health diagnostics, avoiding the pitfalls of data misinterpretation. This approach is instrumental in delivering a product that provides a quick return on investment.

The speed and efficiency of Nanoprecise's solution, is demonstrated by its ability to detect problems instantaneously. This agility and responsiveness set it apart in the predictive maintenance market, reinforcing its position as an industry leader.

Nanoprecise

News

Nanoprecise Sci Corp baut energiezentrierte vorausschauende Wartung in Europa und Afrika aus

Tuesday, April 23, 2024

HANNOVER - Die Nanoprecise Sci Corp is pleased to announce the expansion of its Energy Centered Predictive Maintenance (ECM) activities into Europe and Africa. This expansion acknowledges the significant shift towards corporate sustainability in these regions, accompanied by a growing demand for technological solutions that enhance both environmental awareness and operational safety.

Motor-driven machinery accounts for 65% of global electricity consumption, with poorly maintained equipment inefficiently consuming up to 30% of this energy. Nanoprecise's ECM solution provides enhanced insight into device energy usage, enabling companies to prioritize preventive maintenance based on energy consumption. This approach contributes to reducing energy consumption and carbon dioxide emissions while ensuring operational uptime and reliability.

A key development in the regional expansion is the appointment of Kalyan Meduri as Sales Director for Europe and Africa. With over 18 years of global experience in developing new technologies, scaling businesses, and inspiring teams to solve customer problems differently, Kalyan brings a wealth of expertise from India, France, and Denmark. He is passionately committed to leveraging technology and collaboration to create positive impacts for future generations, stating, "The pronounced trend towards sustainability in Europe makes it a prime market for our ECM solution. By integrating our cutting-edge predictive maintenance solutions with strategic energy management, we help companies achieve their sustainability goals while improving operational efficiency. It's a win-win for them and for the planet!"

Nanoprecise has evolved into a preferred provider of ESG solutions for industrial enterprises worldwide, now extending its services to European companies seeking to accelerate their efforts in emissions reduction and increased uptime without additional capital expenditure. With the recently announced money-back guarantee, companies can transition to energy-centered predictive maintenance risk-free, with a guaranteed ROI.

Visit Kalyan and the Nanoprecise team at the Hannover Messe in Hall 7, Booth No. D28, and explore the possibilities and benefits of ECM.

Top 10 Smart Infrastructure Solutions Companies In Canada - 2024

Company
Nanoprecise

Headquarters
.

Management
Sunil Vedula, CEO and Founder

Description
Nanoprecise is a global leader in predictive maintenance, leveraging IoT, AI and LTE technologies. Its innovative solution provides real-time monitoring, accurate diagnostics and predictive insights for industrial machinery health, ensuring efficient and sustainable operations.

Top 10 Smart Infrastructure Solutions Companies In Canada - 2024

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