Quarter 3 at a Glance

Nanoprecise 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. The Predictive Maintenance Solutions from Nanoprecise work towards achieving productive results, by offering highly valuable insights about the equipment and machinery, with a combination of AI + IoT driven seamless monitoring by implementing state of the art scalable technology to monitor the equipment health and eliminate unplanned downtime.

With the ongoing Covid-19 pandemic and the uncertainty that comes along with it, remote monitoring of industrial assets has gained significant interest. The sense of urgency and the requirement of highly skilled personnel to collect & analyze data, has brought about a shift in the maintenance paradigm, thereby fuelling the industry 4.0 journey of asset owners and operators. With the help of Artificial Intelligence and Physics-based models, our predictive maintenance solution enhances the holistic life of the machines and gives you and your team the time to focus on value added tasks rather than data collection and routine analysis.

Our Journey So Far

During quarter 3, we have seen continued growth internationally and helped customers across sectors as diverse as metals and consumer electronics. The main drivers of success for Nanoprecise are the combination of a state-of-the-art piece of hardware with both Wi-Fi and Cellular communication capabilities that is then coupled with a software package that reduces nuisance alerts and keeps your team focused on real issues. The increased adoption of advanced predictive maintenance at scale by customers striving to achieve their goal of automating their manufacturing operations will only happen if they can see a good return on investment and Nanoprecise is constantly driving to best in class performance.

Our dedication and continued commitment have further increased our operational performance in the course of the last quarter. The following table summarizes our consolidated growth in Quarter 3:

In the past 3 months, our team has grown by 25%. Our team combines the full stack of experienced technical talent with domain expertise in Customer Success, Condition Monitoring, Data Science, Software Engineering and UI/UX design, among others. This has allowed us to deliver products and services of utmost quality to our customers; We are not just a sensor company; We are a solution company that understands the various aspects of making these technologies work.

Our automated AI-based analytics platform has processed 2.8 TB of raw data for customers across Automotive, Chemicals, Cement, Coal, Consumer Electronics, Forestry, HVAC, Metals, and Mining, among other sectors. Our system witnessed 10,91,159 data uploads (files) from sensors at different locations, across the plants of our customers. Our advanced AI sent 500+ notifications to customers, notifying the maintenance teams about anomalies and faults in different machines, across different sectors, thereby giving Peace of Mind to our customers.

Way Forward

We bring peace of mind to customers with our truly wireless IoT hardware that communicates over Wi-Fi or Cellular networks. Moreover, edge analytics allows for full-time monitoring without full-time connectivity. Our IoT hardware is certified for ATEX and IECEx, with zone 0 compliance. The certification acknowledges our continual commitment towards quality and dedication to provide customers with industry-leading products and services that ensures higher safety and improves the overall efficiency of the machine operations.

Our long-term investments in Artificial Intelligence (AI) and Industrial Internet of Things (IoT) hardware is helping drive the predictive and prescriptive maintenance strategies for our customers across the world, with our unique 6-in-1 Machine Doctor sensor.

Our global footprint continues to grow with new customers and partnerships across Asia, Europe, North America and Oceania. With continuous investment in our team of innovative and skilled professionals, we are empowering you and your team of modern industrial personnel with the right data at the right time, to manage critical assets remotely from anywhere everyday.