HAMILTON, Ontario, April 06, 2021 (GLOBE NEWSWIRE) -- Next Generation Manufacturing Canada (NGen), the industry-led organization leading Canada’s Advanced Manufacturing Supercluster, has announced a $3 million collaborative project, featuring over $1.4 million in co-funding, to develop and scale a novel production monitoring and optimization platform.
Along with partners Saputo and Accuenergy, Panevo is building on successes from a 2020 Pilot Project which was launched to address the food processing sector’s lagging adoption of industry 4.0 technologies. The consortium will apply a novel solution for determining the performance of production assets across food processing and related supply chains. The new project will create a scalable, commercially ready real-time monitoring and advanced analytics platform which will lead to significant commercial opportunities for the consortium partners.
During the project, Panevo’s ioTORQ software, which is hosted in Canada on Microsoft’s Azure cloud service, will be demonstrated with support from a network of Supercluster members. By leveraging connections within the food processing sector and related supply chains, the consortium aims to develop Overall Equipment Effectiveness (OEE) and related metrics in true real time, along with advanced machine learning analytics, and ultimately enable a step-change in productivity.
The solution primarily utilizes Accuenergy’s IoT gateways to readily integrate with established manufacturing operations and their production assets irrespective of type or age, facilitating a smoother transition and simpler adoption of industry 4.0 technologies.
As experts in industrial energy management and resource conservation, Panevo also estimates that even modest productivity improvements in the food processing sector could unlock significant potential to reduce industrial GHG emissions. As data sets grow, the consortium partners anticipate that new growth opportunities will arise in many sectors beyond food processing.
“Supporting innovative technologies like ioTORQ from development to deployment is essential in building up the capabilities of Canadian manufacturers,” said Jay Myers, CEO, NGen. “This project will leverage NGen’s network to support the development of leaner, modernized, and more flexible manufacturing operations in Canada, while reducing energy consumption and carbon emissions.”
“Canada’s Advanced Manufacturing Supercluster is leveraging the power of collaboration to accelerate the creation and adoption of cutting-edge technologies to bolster our domestic manufacturing capabilities,” said the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry. “Canada’s Superclusters are supporting SMEs like Panevo, whose project is a great example of how real-world solutions can give Canada’s food processors a significant competitive advantage globally, both today and in the future.”
“Our focus for this exciting project is to promote Industrial 4.0 technology adoption to Canadian manufacturers, enabling them to achieve productivity improvements and become world-class,” said Panevo’s founder and CEO Craig Holden. “With support from NGen and Microsoft, our team of experienced developers and professional engineers look forward to making the project a success.”
“Accuenergy’s devices are engineered for easy integration into IoT manufacturing environments,” said Howard Wang, Director of Business development at Accuenergy. “As the manufacturing industry evolves towards increasing interconnectivity, accurate data transfer will continue to be an indispensable part of effectively managing these complex ecosystems.”