Nanoprecise Sci Corp Receives the Best Practices New Product Innovation Award by Frost & Sullivan
Frost & Sullivan recognized Nanoprecise Sci Corp for its outstanding contribution towards preventing sudden industrial equipment downtime and related losses with its AI-based predictive maintenance solution.
Nanoprecise Sci Corp, an automated end-to-end predictive maintenance solutions provider has been recognized with the New Product Innovation Award by Frost & Sullivan, the leading market research, analysis and consulting company.
Nanoprecise Sci Corp offers Industrial Internet of Things (IIoT) and AI-based predictive maintenance and condition cum efficiency monitoring solutions that facilitate early detection of even small changes in the rotating machinery in industrial or building facilities, well before they impact production or cause downtime.
Frost & Sullivan recognized Nanoprecise Sci Corp with the 2022 North America New Product Innovation Award, for its outstanding contribution towards preventing sudden industrial equipment downtime and related losses with its AI-based predictive maintenance solution. Industry analysts compared market participants and measured performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.
Each year, Frost & Sullivan presents this award to the company that develops an innovative element in a product by leveraging leading-edge technologies. The award recognizes the value-added features/benefits of the product and the increased return on investment (ROI) it gives customers, which, in turn, raises customer acquisition and overall market penetration potential.
Nanoprecise Sci Corp has been bestowed with this award for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Nanoprecise prevents machine downtime and enhances overall performance & lifespan, by effectively monitoring & analyzing vibration, acoustic emissions, magnetic flux, speed, and temperature data, thereby reducing the associated emissions.
Frost & Sullivan’s Senior Consultant, Isaac Premsingh, noted, “Frost & Sullivan recognizes Nanoprecise for its visionary solutions and its continued success in addressing key challenges that customers face across various industries. Its successful use cases demonstrate the company’s sought-after partnership position and flexible options for MachineDoctor™ to meet customer needs.”
“Nanoprecise’s flagship products enable 24/7 monitoring and give access to end-to-end capabilities across various wireless connectivity options for all asset management system levels. The company continues to grow by building strategic partnerships across various industries and garnering customer trust, proven by successful use cases,” added Steven Lopez, Frost & Sullivan’s Best Practices Research Analyst.
With its strong overall performance, Nanoprecise earns Frost & Sullivan’s 2022 North America New Product Innovation Award in the AI-based predictive maintenance industry.
About Nanoprecise Sci Corp
Nanoprecise Sci Corp is an automated AI-based predictive maintenance solution provider that facilitates early detection of even small changes in machine operations well before they impact production or cause downtime. Nanoprecise specializes in the implementation of Artificial Intelligence and Industrial IoT technology for predictive asset maintenance and condition monitoring. The AI-based solution offers real-time predictive information about the genuine health and performance of industrial assets. Nanoprecise is headquartered in Edmonton, Canada, and works with companies across various sectors to help drive their Industry 4.0 journey.