Shiratech, a world-leading AI specialist in Industry 4.0-based condition monitoring and predictive maintenance technologies, has received a major investment from Unicorn Technologies. Unicorn, a global public partnership that invests in companies demonstrating disruptive levels of innovation, will inject NIS 5 million (€1.27M) into Shiratech at a value of NIS 58 million (€14.7M) before cash, in return for 8% of the company’s shares.

In addition to this investment, Shiratech is about to close further funding activities. The company is in the advanced stages of planning an Initial Public Offering (IPO) on the Tel Aviv Stock Exchange. The estimated amount of the IPO will be NIS 30-40 million (€7.6-10.1M) at a value of NIS 120-150 million (€30.4-38.1M) before cash.

“Shiratech is proving highly attractive to investors thanks to its success in combining extensive hardware design expertise with the benefits of advanced sensor-driven data monitoring and multi layered artificial intelligence to make assets smart” said David Vactor, Managing Director of Shiratech.

Among its breakthrough product offerings is iCOMOX™, an intelligent condition monitoring platform built for Industry 4.0 with integral sensors for vibration, magnetic field, temperature, and sound. “iCOMOX AI solutions save factories huge amounts of money by performing complex data analyses and providing advance warning of impending failure before costly breakdowns can occur” continued David Vactor. “The purpose of the platform is to give our customers immediate efficiency metrics, saving thousands of dollars on daily maintenance while achieving improvements worth millions of dollars in plant output.”

Notably, iCOMOX is non-invasive and does not require the stoppage of production lines. In terms of global penetration, Shiratech has agreements in place with integrators on five continents, all in the field of Industry 4.0 and cellular communications. Many of the world’s leading industrial companies are currently trialling the solution. Shiratech also boasts some 45 paid PoCs worldwide, from countries as varied as South Africa, Peru, or Vietnam. Among its many distributors is globally operating Arrow Electronics.

According to an Arrow executive, the iCOMOX™ platform will be among the ‘megatrend’ technologies for 2021 as it offers more ways to connect industrial assets with the cloud, facilitating predictive maintenance and extending equipment service life, while reducing unplanned downtime. The upshot is a reduction in maintenance costs and savings in energy consumption for iCOMOX™ users in sectors that include automotive, general manufacturing, industrial automation, heavy industry, and food & beverage.

Moving forward, Shiratech will continue turning advanced condition monitoring and predictive maintenance concepts into reality for any company seeking genuine competitive gain. After all, a recent study by Aberdeen research shows that 82% of companies have experienced unplanned downtime over the past three years, and that such disruption can cost as much as €215,000 per hour. The iCOMOX platform offers the potential to reduce these losses to zero.

For more information, visit www.shiratech-solutions.com.

YouTube video: 2021 Global Megatrends with Arrow Electronics.

Über Shiratech Solutions Ltd.

Shiratech is an experienced Industry 4.0 solution provider owned by A.Y. Electronics Group, an established electronics supply chain management company. Shiratech’s design engineering capabilities, advanced manufacturing excellence and new product introduction expertise, as well as its presence in Germany, make it a partner of choice. The company’s objective is to match innovative solutions with the right people. Shiratech is doing that by creating flexible, easy-to-try solutions that enable its customers to better monitor and protect their assets, with a clear focus on advanced AI solutions and a SaaS business model.

Visit www.shiratech-solutions.com

Firmenkontakt und Herausgeber der Meldung:

Shiratech Solutions Ltd.
Am Gänsberg 7
65510 Idstein
Telefon: +49 (163) 5510770
http://www.shiratech-solutions.com/

Für die oben stehende Pressemitteilung ist allein der jeweils angegebene Herausgeber (siehe Firmenkontakt oben) verantwortlich. Dieser ist in der Regel auch Urheber des Pressetextes, sowie der angehängten Bild-, Ton-, Video-, Medien- und Informationsmaterialien. Die United News Network GmbH übernimmt keine Haftung für die Korrektheit oder Vollständigkeit der dargestellten Meldung. Auch bei Übertragungsfehlern oder anderen Störungen haftet sie nur im Fall von Vorsatz oder grober Fahrlässigkeit. Die Nutzung von hier archivierten Informationen zur Eigeninformation und redaktionellen Weiterverarbeitung ist in der Regel kostenfrei. Bitte klären Sie vor einer Weiterverwendung urheberrechtliche Fragen mit dem angegebenen Herausgeber. Eine systematische Speicherung dieser Daten sowie die Verwendung auch von Teilen dieses Datenbankwerks sind nur mit schriftlicher Genehmigung durch die United News Network GmbH gestattet.

counterpixel