Large Auto OEM Extends Smart Factory System

RNS Number : 8606S

Ubisense Group PLC

13 November 2013

 



13 November, 2013

Large European Automotive Manufacturer extends Ubisense Smart Factory System installation with a further >$1m contract

Cambridge, UK - Ubisense Group plc ("Ubisense" or the "Company") (LSE:UBI), a market leader in real time location intelligence solutions, is pleased to announce that a large European automotive manufacturer has chosen to extend their initial Smart Factory System deployment after going into production with the system earlier in July. The order, valued at approximately $1 million, is part of a global framework agreement with the manufacturer and will extend the system from their assembly line to the finishing facility.

The Ubisense Smart Factory System has already been integrated into the manufacturer's Manufacturing Execution System (MES), making the business case compelling to extend the system across further areas of their facility, including the finishing process area, both indoor and outdoor, facilitating the location of thousands of vehicles.

The Smart Factory System brings many benefits to manufacturers by providing visibility and control across the assembly and finishing areas, for example enabling manufacturers to reduce costs by eliminating non-value added search processes and by reducing work in progress, resulting in significantly reduced vehicle production times.

Richard Green, Ubisense Chief Executive Officer, said: "We are delighted to be extending our relationship with this industry leader in the automotive field. Our Smart Factory System continues to evolve to meet the growing needs of our customers and is delivering proven return on investment across plants from China to Western Europe and North America."

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About Ubisense

Ubisense is a market leader of location-based smart technology which enables companies to optimise their business processes. By keeping track of key assets, Ubisense solutions bring clarity to complex operations whilst also improving quality and reliability. Ubisense Real-Time Intelligence Solutions are used by a number of blue chip customers across the world, such as AGCO, Airbus, Aston Martin, BMW, Cablevision, Daimler, Deutsche Telekom, Duke Energy, John Deere, MINI and VW.

Ubisense is headquartered in Cambridge, UK, with offices in the USA, Canada, Germany, France and Singapore. For more information visit: www.ubisense.net.

Contact Ubisense Group Richard Green  Gordon Campbell	Tel: [phone]
Canaccord Genuity Limited (NOMAD)	Tel: [phone]
Simon Bridges
Lucy Tilley
FTI Consulting	Tel: [phone]
Jon Snowball
Tracey Bowditch

 

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