- Email: [email protected]
Condition monitoring diagnostics firm closes funding round
NEWS/IN BRIEF ‘By continually expanding our international logistics capabilities, we can ensure advanced delivery and offer the best engineered products that leverage 60 years of global aerospace experience.’ ‘This acquisition further equips Trelleborg Sealing Solution to maintain its leadership position in elastomer, polytetrafluoroethylenebased and airframe seals. In addition, it brings some interesting spring-energised sealing technology to its growing portfolio.’ Gregory Jones, General Manager, Aerospace Hub Americas (AHA), Trelleborg Sealing Solutions, added: ‘We are excited because this acquisition provides our customers with an even wider product range that meet MS and SAE standards, and further increases our US market share.’ ‘Additionally it is a testament to our dedication to aerospace customers that want to partner with their supplier, receive great service, high-quality products and world-class engineering collaboration.’ Contacts: Trelleborg Sealing Solutions Aerospace Hub Distribution & Engineering, 2531 Bremer Road, Fort Wayne, IN 46803, USA. Tel: +1 260 749 9631 Trelleborg Sealing Solutions Germany GmbH, Handwerkstrasse 5–7, 70565 Stuttgart, Germany. Tel: +49 711 7864 0, Fax: +49 711 7803 171, Web: www.tss.trelleborg.com
Condition monitoring diagnostics firm closes funding round
U
K-based Senseye Ltd, which develops cloud-based software that automates condition monitoring diagnostics and prognostics to predict failures in machinery, recently closed a significant seed-funding round, led by Breed Reply, alongside IQ Capital. Existing angel investors also participated. The capital will be used to launch Senseye’s predictive maintenance software, which automates the analysis of condition monitoring data and enables advanced prognostics – automatically diagnosing failures and forecasting when a machine is likely to fail. The software is cloud-based and designed to be used without any technical expertise in condition monitoring. It is already trusted by a major automotive OEM, helping it to avoid unplanned downtime which can cost in excess of $2 million per hour. Industry 4.0 is already generating a huge amount of information that goes largely
January 2017
unexploited because of the amount of manual analysis needed to extract value from condition monitoring and prognostics using traditional methods. ‘Our software is a data scientist and diagnostic engineer in the cloud. It brings advanced predictive maintenance to companies that do not want to spend a fortune on manual analysis, but want to save money on operations and maintenance,’ explained Simon Kampa, CEO, Senseye. ‘We are delighted to welcome Senseye into our growing IoT portfolio of 14 companies. Senseye brings immense benefits to manufacturing prognostics with its innovative approach within Industry 4.0,’ commented Emanuele Angelidis, CEO, Breed Reply. IQ Capital partner Ed Stacey, added: ‘I was particularly impressed by the depth of Senseye’s automated analysis across a wide range of manufacturing assets.’ Contact: Senseye Ltd, Epsilon House, Enterprise Road, Southampton Science Park, Southampton SO16 7NS, UK. Tel: +44 845 838 8615, Web: www.senseye.io
Collaboration aims to advance the use of active magnetic bearing technologies
S
KF and GE Oil & Gas have signed a non-exclusive, licence-based collaboration agreement, aimed at further advancing the use of active magnetic bearing technologies within the oil and gas sector. As part of this agreement GE Oil & Gas will make use of SKF’s leading magnetic bearing technologies, from front-end engineering design to installation, testing and service to customers. The partnership also provides the basis for future collaboration, to widen the scope of applications of active magnetic bearings covering other GE Oil & Gas turbomachinery, such as steam and gas turbines. Victoria van Camp, President, Business and Product Development, SKF, said: ‘SKF’s active magnetic bearing technology has already enabled a number of breakthroughs within the oil and gas sector. Through this agreement we are strengthening our technology leadership and enhancing our relationship with the company. We are also implementing a new business model, which will ensure that we widen the scope of applications for these technologies.’
IN BRIEF Corrections to Sealing Technology’s December feature The author of the feature published in Sealing Technology December 2016 (pages 2–14) has submitted two corrections to captions that accompany the figures. Figure 6 should read: ‘Peaked asperities of an unworn surface (left). The wear track of the same surface after pinon-disk testing showing flattening of asperities in plastic deformation (right).’ Figure 9 should read: ‘Photomicrograph of the edge of a wear track after 24 hours running in flashing hot-water. The unworn surface has peaked asperities, whereas the wear track is smooth.’ BSI revises ISO 6892-1:2016 standard BSI Group, the business standards company, has revised ISO 6892-1:2016 (Metallic materials. Tensile testing. Method of test at room temperature). The standard, which is part of the ISO 6892 suite, brings together the European and international methods of testing metallic materials at ambient conditions. More information: Web: www.iso.org/iso/home/ store/catalogue_tc Forgeway accurately matches sealant In response to a problem encountered by one of its aerospace clients, UK-based Forgeway Ltd has added a custom colour to its Formoa adhesive and sealant range. The company was contacted by Jamco America, which was struggling to match a material used on its aircraft seats to a sealant. Forgeway found the solution and added a bespoke metallic pigment to its Formoa crystal polymer base. SKF informed of initiation of lawsuit pertaining to settlement with the EC SKF reports that it has been informed of the initiation of a lawsuit, with a claim for damages, by BMW AG and several group companies against bearing manufacturers, including AB SKF, that were part of the settlement decision by the European Commission (EC) for violation of European competition rules. BMW has filed the lawsuit with the High Court of Justice in London, UK. SKF has not, at this stage, received definitive information about the size of damages claimed. The decision by the EC in March 2014 covered violations of European competition rules with respect to sales of bearings to the automotive manufacturing industry in Europe. SKF was one of six bearing manufacturers involved in the investigation.
Sealing Technology
5
Condition monitoring diagnostics firm closes funding round
U
K-based Senseye Ltd, which develops cloud-based software that automates condition monitoring diagnostics and prognostics to predict failures in machinery, recently closed a significant seed-funding round, led by Breed Reply, alongside IQ Capital. Existing angel investors also participated. The capital will be used to launch Senseye’s predictive maintenance software, which automates the analysis of condition monitoring data and enables advanced prognostics – automatically diagnosing failures and forecasting when a machine is likely to fail. The software is cloud-based and designed to be used without any technical expertise in condition monitoring. It is already trusted by a major automotive OEM, helping it to avoid unplanned downtime which can cost in excess of $2 million per hour. Industry 4.0 is already generating a huge amount of information that goes largely
January 2017
unexploited because of the amount of manual analysis needed to extract value from condition monitoring and prognostics using traditional methods. ‘Our software is a data scientist and diagnostic engineer in the cloud. It brings advanced predictive maintenance to companies that do not want to spend a fortune on manual analysis, but want to save money on operations and maintenance,’ explained Simon Kampa, CEO, Senseye. ‘We are delighted to welcome Senseye into our growing IoT portfolio of 14 companies. Senseye brings immense benefits to manufacturing prognostics with its innovative approach within Industry 4.0,’ commented Emanuele Angelidis, CEO, Breed Reply. IQ Capital partner Ed Stacey, added: ‘I was particularly impressed by the depth of Senseye’s automated analysis across a wide range of manufacturing assets.’ Contact: Senseye Ltd, Epsilon House, Enterprise Road, Southampton Science Park, Southampton SO16 7NS, UK. Tel: +44 845 838 8615, Web: www.senseye.io
Collaboration aims to advance the use of active magnetic bearing technologies
S
KF and GE Oil & Gas have signed a non-exclusive, licence-based collaboration agreement, aimed at further advancing the use of active magnetic bearing technologies within the oil and gas sector. As part of this agreement GE Oil & Gas will make use of SKF’s leading magnetic bearing technologies, from front-end engineering design to installation, testing and service to customers. The partnership also provides the basis for future collaboration, to widen the scope of applications of active magnetic bearings covering other GE Oil & Gas turbomachinery, such as steam and gas turbines. Victoria van Camp, President, Business and Product Development, SKF, said: ‘SKF’s active magnetic bearing technology has already enabled a number of breakthroughs within the oil and gas sector. Through this agreement we are strengthening our technology leadership and enhancing our relationship with the company. We are also implementing a new business model, which will ensure that we widen the scope of applications for these technologies.’
IN BRIEF Corrections to Sealing Technology’s December feature The author of the feature published in Sealing Technology December 2016 (pages 2–14) has submitted two corrections to captions that accompany the figures. Figure 6 should read: ‘Peaked asperities of an unworn surface (left). The wear track of the same surface after pinon-disk testing showing flattening of asperities in plastic deformation (right).’ Figure 9 should read: ‘Photomicrograph of the edge of a wear track after 24 hours running in flashing hot-water. The unworn surface has peaked asperities, whereas the wear track is smooth.’ BSI revises ISO 6892-1:2016 standard BSI Group, the business standards company, has revised ISO 6892-1:2016 (Metallic materials. Tensile testing. Method of test at room temperature). The standard, which is part of the ISO 6892 suite, brings together the European and international methods of testing metallic materials at ambient conditions. More information: Web: www.iso.org/iso/home/ store/catalogue_tc Forgeway accurately matches sealant In response to a problem encountered by one of its aerospace clients, UK-based Forgeway Ltd has added a custom colour to its Formoa adhesive and sealant range. The company was contacted by Jamco America, which was struggling to match a material used on its aircraft seats to a sealant. Forgeway found the solution and added a bespoke metallic pigment to its Formoa crystal polymer base. SKF informed of initiation of lawsuit pertaining to settlement with the EC SKF reports that it has been informed of the initiation of a lawsuit, with a claim for damages, by BMW AG and several group companies against bearing manufacturers, including AB SKF, that were part of the settlement decision by the European Commission (EC) for violation of European competition rules. BMW has filed the lawsuit with the High Court of Justice in London, UK. SKF has not, at this stage, received definitive information about the size of damages claimed. The decision by the EC in March 2014 covered violations of European competition rules with respect to sales of bearings to the automotive manufacturing industry in Europe. SKF was one of six bearing manufacturers involved in the investigation.
Sealing Technology
5