Home > Resources > Articles > Industrial IoT Business Guide: Concept, Application, Challenges, and Solutions

Industrial IoT Business Guide: Concept, Application, Challenges, and Solutions

Bhagyashri Kambale | March 01, 2022 | 680 views
INDUSTRIAL IOT BUSINESS GUIDE
Industrial IoT (IIoT) is an abbreviation for the Industrial Internet of Things, originally defined as the Internet of Things (IoT). It is utilized across industries, including manufacturing, and shows great positive results, supporting overall business growth.

According to Grand View Research, globally, the industrial internet of things market size was worth around $216.13 billion in 2020 and is predicted to reach over $1.1 trillion by 2028. Is IIoT similar to IoT? The answer is yes.

“If you think internet has changed your life, think again. The internet of things is about to change it all over again.”

– Brendan O’Brien

Like the Internet of Things, the Industrial IoT has multiple use cases and applications. Additionally, the Industrial Internet of Things (IIoT) opens up new opportunities in multiple areas. Some of the industrial internet of things examples are as follows: 

  • The Internet of Things industrial automation and optimization
  • Intelligent manufacturing and smart industries
  • Asset performance management and industrial control
  • Moving towards an on-demand service model
  • New ways of servicing customers
  • New revenue streams

Internet of Things Industrial Applications

According to IDC, manufacturing operations are the primary use case for the IoT in manufacturing. In this article, we'll look at five particular IIOT applications in manufacturing operations, production asset management, and field services that are driving Industrial IoT adoption in manufacturing.

Production Visibility

Industrial IoT can link machines, tools, and sensors on the shop floor, providing much-needed visibility into production for process engineers and management. For instance, businesses may use sensors like RFID and break beams to track components as they travel through assembly automatically. Additionally, industrial IoT apps may provide supervisors and plant managers with a real-time picture of their teams' yield by linking operators’ tools and production equipment. Organizations may utilize this degree of visibility to detect bottlenecks, determine the main cause of issues, and improve more rapidly. Dashboards for real-time IIoT production visibility can help businesses find problems and track productivity in real-time.

Continuous Monitoring for Quality Improvement

Environmental sensors continuously monitor necessary quality conditions and notify management when crucial quality thresholds exceed permissible limits. For instance, temperature control is crucial to pharmaceutical manufacturing. By utilizing IoT-connected sensors, managers may monitor temperature and humidity and receive quick alerts if they deviate from expected values. Continuous monitoring, similar to machine monitoring, can help you keep an eye on your assets in real-time.

Maximize Machine Use

The Industrial Internet of Things enables businesses to link their machinery to the internet. This technology enables organizations to monitor their machines in real-time while also tracking critical KPIs such as overall equipment effectiveness (OEE) and overall process effectiveness (OPE). By monitoring these indicators, businesses may discover and resolve sources of unscheduled downtime, perform preventive maintenance on their equipment, and maximize machine used throughout the operation. According to a recent McKinsey article, sensor data used to forecast equipment failure in production may reduce maintenance costs by up to 40% and unscheduled downtime by half. So, by applying IIoT, you may monitor the key performance indicators (KPIs) that are most important to you.

Improve Plant Management

Using sensors in production plants may enhance their management and minimize the operating expenses of a plant. For example, by employing sensors such as RFID tags to monitor facilities, manufacturers may gather insights to help them optimize space consumption. Using IoT-enabled sensors to monitor environmental factors like temperature, humidity, and others may also help firms better manage their buildings. Finally, businesses can save energy, cut costs, and improve operational efficiency by keeping an eye on their machines and making sure they are running in the right conditions.

Optimize Supply Chain Management

The Internet of Things enables sensors to monitor events across a supply chain, delivering real-time data by tracking inputs, equipment, and products. RFID tags and other sensors can track inventories throughout the supply chain. This gives businesses a better understanding of their inventory and more realistic deadlines for material availability, work in progress, and others. Organizations may use this data to detect interdependencies, map material flow, and monitor production cycle durations. This data aids businesses in predicting risks. It also lowers inventory levels and, perhaps, capital requirements. No code tables hold all of your inventory data. Tables are automatically updated as inventory is consumed during operations.

Industrial Internet of Things vs Internet of Things (IIoT Vs IoT)


IIoT IoT
It is geared for industrial applications such as manufacturing, power generation, and oil and gas. It focuses on a broad range of applications, from wearables to robotics and machinery.
To avoid life-threatening or other emergency circumstances, it employs crucial equipment and gadgets connected through a network that requires precise sensors. Its deployment begins on a modest scale, eliminating the possibility of life-threatening scenarios.
It deals with extensive networks. It deals with modest networks.
It is capable of processing data ranging from mild to high. It is capable of processing enormous amounts of data.
It is highly reliable. It is less reliable.

 

IIoT Adoption Challenges & Solutions


Investment Costs

Significant investment expenses are necessary to transform operations, including hardware, software, and human capital. Businesses frequently view IIoT as a giant leap ahead, resulting in a massive bill. A more effective strategy is to break the projects down into bite-sized implementations with set milestones. This will pave the way for outcome-driven success that can be quantified by top-tier management, resulting in a more passionate reaction and maybe a larger scale resource limitation.

Additionally, expenses can be reduced by utilizing public infrastructure and software-as-a-service rather than custom-built installations. While the cost of IoT continues to decline, numerous organizations' executives are playing the waiting game. This strategy may be good for the short term, but if you wait for prices to go down for a long time, you ccoul lose your competitive advantage and let other people get a better deal.

Data Security

It's easy to get paranoid about the attacks and problems because of all the news about cyber security. One must address these security concerns methodically and recognize measures to secure critical industrial information. Depending on the level of sensitivity, data can be checked and encrypted using a variety of one-way interactions. SCADA systems do not have to combine and act on sensor data; they can be digitally segregated. Additionally, the cloud infrastructure might be networked inside to create a "private" or corporate cloud with no external access. These security challenges can be surmounted if the advantages of the IIoT outweigh the hazards.

Lack of Skilled Professionals

While it is true that the digital world is rapidly merging with the industrial world, the issue remains as to who in the organization can take charge. An individual or team must bridge the IT and OT cultures and meet opposing demands. The program requires a blended IT/OT viewpoint to achieve IIoT goals while increasing operational complexity and responsibilities.

There are several data science certifications, online courses, and conferences available to educate middle management. Start growing competency while making learning and education a management team KPI. Consider partnering with institutions and educational vendors. The executive team's appetite for knowledge must be continual. Learning will be viewed as a lifetime process requiring dynamic stability and continual mobility.

A shortage of competent personnel was also stated in the Morgan Stanley-Automation World Industrial Automation Survey, with 24% of respondents citing a labor shortage. There is a general shortage of highly specialized talents, but it may also be necessary to look 'outside' to get the essential skills. If there is one thing that is certain in this age of digital transformation and the Industrial Internet of Things, it is that no organization can flourish entirely on its own and that networks, ecosystems, and platforms of partners are critical to success.

Final Words

Starting an IIoT project should be done with a straightforward and practical approach. This is not a big company-changing initiative, but a series of small projects or digital test beds that might raise sales, profits, or customer retention. Read our latest industrial internet of things infographic for quick tips on tackling IIoT adoption issues.

FAQ


What are IIoT devices?

IIoT refers to linked sensors, instruments, and other devices networked with industrial applications like manufacturing and energy management.

What is an IIoT platform?

Gartner describes IIoT platforms as a collection of integrated software capabilities. The platform is designed to support industrial assets and their operational environments in safety, security, and mission criticality.

What is the IoE?

The Internet of Everything (IoE) is a concept that builds on the Internet of Things (IoT). It focuses on machine-to-machine (M2M) connections to represent a more complicated system that includes people and processes.

Spotlight

Hubbell Power Systems

Hubbell Power Systems (HPS) engages in the design and manufacture of a wide variety of transmission, distribution, substation, underground, OEM and communications products used by utilities. HPS products are also used in the civil construction, transportation, gas and water industries.

OTHER ARTICLES

Achieving Interoperability in an Industry 4.0 Factory

Article | February 11, 2020

As a part of the Industry 4.0 movement, factory engineers are increasingly adopting some form of industrial Ethernet to interconnect the machines and other equipment implementing their production processes. Ethernet has been around in multiple forms for over 40 years. Most of it serves the IT community by interconnecting PCs and other equipment to a company LAN. Because of its flexibility, Ethernet has been adapted to many industrial uses.

Read More

The Impact of Coronavirus on Electronic Manufacturing

Article | February 11, 2020

Wuhan, the epicenter of the outbreak, is considered a crucial hub in the middle of China, a place of high importance for the production of automobiles, electronics, optics, and fiber optics. Wuhan and surrounding cities in the Hubei province are currently on a government-imposed quarantine at a scale the world has never seen before, some Chinese officials have referred to the situation as warlike.

Read More

Digitalizing Your Manufacturing Ecosystem

Article | February 10, 2020

Making digitalization work for you requires an understanding of your manufacturing ecosystem. Standards - such as ISA-95 - only guide you on a journey to more deeply comprehend the workings of your unique process for manufacturing your products. A batch manufacturing ecosystem often includes campaign management. Campaign management is not mentioned in ISA-95, which only speaks generally of order processing.

Read More

4 Food and Beverage Manufacturing Trends on Tap for 2020

Article | February 10, 2020

It’s the food and beverage industry’s job to appeal to consumer tastes by keeping tabs on what’s hot and what’s not. In the 1990s, for instance, fat free or reduced fat was all the rage, evidenced by the variety of products with such descriptions featured in bold typeface on cartons, cardboard and boxes. Fast forward to today, thanks in part to advancements in nutrition science, fat is back and is recommended in low-carb diets such as Atkins and Keto.

Read More

Achieving Interoperability in an Industry 4.0 Factory

Article | February 11, 2020

As a part of the Industry 4.0 movement, factory engineers are increasingly adopting some form of industrial Ethernet to interconnect the machines and other equipment implementing their production processes. Ethernet has been around in multiple forms for over 40 years. Most of it serves the IT community by interconnecting PCs and other equipment to a company LAN. Because of its flexibility, Ethernet has been adapted to many industrial uses.

Read More

The Impact of Coronavirus on Electronic Manufacturing

Article | February 11, 2020

Wuhan, the epicenter of the outbreak, is considered a crucial hub in the middle of China, a place of high importance for the production of automobiles, electronics, optics, and fiber optics. Wuhan and surrounding cities in the Hubei province are currently on a government-imposed quarantine at a scale the world has never seen before, some Chinese officials have referred to the situation as warlike.

Read More

Digitalizing Your Manufacturing Ecosystem

Article | February 10, 2020

Making digitalization work for you requires an understanding of your manufacturing ecosystem. Standards - such as ISA-95 - only guide you on a journey to more deeply comprehend the workings of your unique process for manufacturing your products. A batch manufacturing ecosystem often includes campaign management. Campaign management is not mentioned in ISA-95, which only speaks generally of order processing.

Read More

4 Food and Beverage Manufacturing Trends on Tap for 2020

Article | February 10, 2020

It’s the food and beverage industry’s job to appeal to consumer tastes by keeping tabs on what’s hot and what’s not. In the 1990s, for instance, fat free or reduced fat was all the rage, evidenced by the variety of products with such descriptions featured in bold typeface on cartons, cardboard and boxes. Fast forward to today, thanks in part to advancements in nutrition science, fat is back and is recommended in low-carb diets such as Atkins and Keto.

Read More
MORE ARTICLE

Spotlight

Hubbell Power Systems

Hubbell Power Systems (HPS) engages in the design and manufacture of a wide variety of transmission, distribution, substation, underground, OEM and communications products used by utilities. HPS products are also used in the civil construction, transportation, gas and water industries.

Related News

MANUFACTURING TECHNOLOGY, SMART FACTORY

XNRGY to Double Capacity of its Montreal Manufacturing Facility

PR Newswire | May 31, 2023

XNRGY Climate Systems, a leader in the design and manufacturing of energy efficient commercial heating, ventilation, and air conditioning systems ("HVAC"), today announced that is has secured financing from Divco, a Montreal-based commercial real-estate builder, to add an additional 100,000 sq. ft. of production capacity to its state-of-the-art manufacturing facility in Montreal. This expansion will bring the total manufacturing capacity in Montreal to 200,000 sq. ft. in 2024. Led by industry pioneers with decades of combined working experience, XNRGY is on a mission to reduce the carbon footprint of commercial buildings. XNRGY's high-performance HVAC systems are designed to increase energy efficiency, reduce costs, and provide superior indoor air quality to mission critical customers including hospitals, clean rooms, educational institutions, and data centers. The expanded state-of-the art facility in Montreal will primarily manufacture custom air handling units and DX systems for delivery to building owners across North America. The additional space and equipment will add significant capacity and accelerate the ability of XNRGY's world-class team to meet the rapidly growing customer demand spanning coast to coast. "We're expanding capacity to meet significant customer demand for XNRGY products. This increased capacity coupled with investment in the management systems to support rapid growth will enable XNRGY to accelerate production, expedite delivery and increase our market share," said Wais Jalali, the Founder, Chairman and Chief Executive Officer of XNRGY. "We sincerely thank our valued customers, development partner Divco, the greater Montreal business community, and our dedicated XNRGY team for their strong support during this surge in demand." "We are thrilled to have had the pleasure of working together on the first phase of XNRGY's Montreal facility, and our team is excited to continue our partnership with XNRGY for the second phase." said Adam Turner, President of Divco. "The synergy and shared commitment to excellence between our organizations have laid the foundation for continued success. With great enthusiasm, we look forward to the successful realization of this next phase." About XNRGY Climate Systems XNRGY is a privately held climate technology company which designs, engineers, and manufactures sophisticated, sustainable innovative solutions focused on reducing carbon footprint, water usage and energy consumption. Key products include large custom refrigeration and chilled water air handling units, vertical and horizontal CRAC and CRAH units up to 600 kW, clean room systems, energy recovery systems, low dewpoint EV manufacturing units, and factory installed turnkey controls platform. XNRGY uses BIM/CFD to prevent transient performance failures in mission-critical facilities. XNRGY looks at iso vectors and pressure distribution to design the most efficient systems for clients. This contributes to lower KW while delivering the maximum air to the buildings as well as adding to LEED and NET ZERO initiatives (Paris Climate Accord).

Read More

ADDITIVE MANUFACTURING

NUBURU Delivered First Units Under Partnership with Essentium in Additive Manufacturing for Metal Industrial Parts

Businesswire | May 31, 2023

NUBURU, Inc., a leading innovator in high-power and high-brightness industrial blue laser technology, today announced that multiple units were delivered to Essentium, a worldwide leader in industrial additive manufacturing (AM). In May 2022, Essentium and NUBURU jointly announced a multi-year, multi-million-dollar agreement to develop and manufacture a blue laser-based metal AM platform. The deliveries announced today signify the initial execution of this agreement. Essentium expects strong growth across new applications and markets as a result of this technology integration. NUBURU has begun delivering and Essentium has begun integrating NUBURU’s proprietary blue laser technology with its High Speed Extrusion (HSETM) 3D Printing technology. The new AM platform is designed to deliver breakthrough throughput for extremely high part quality and broad-scale use in major industrial markets, including automotive, aerospace, and defense. Dr. Mark Zediker, CEO and Co-Founder of NUBURU, said, “We are excited to have delivered our first units to Essentium, and we look forward to delivering additional units over the course of 2023 and the coming years.” Essentium launched EPOD (Essentium Parts on Demand), an in-house production service using its HSETM 3D printing technology in March 2023. The service offers fast and cost-effective production of parts at scale and access to Essentium's open AM ecosystem of solutions. NUBURU is excited to support Essentium's growth through partnerships with existing additive manufacturing service providers and manufacturing marketplaces. “NUBURU's unparalleled expertise and leadership in blue laser technology have been instrumental in advancing our cutting-edge 3D printing platform. The arrival of the latest units this year and our partnership with NUBURU will help us continue to drive innovation in the AM industry,” said Elisa Teipel, Ph.D., Chief Technology Officer and co-founder of Essentium. Essentium is also leveraging access to NUBURU’s intellectual property related blue laser technology, including patents granted in the United States, Japan, China, and South Korea. About NUBURU Founded in 2015, NUBURU, INC. (NYSE American: BURU) is a developer and manufacturer of industrial blue lasers that leverage fundamental physics and their high-brightness, high-power design to produce faster, higher quality welds and parts than current lasers can provide in laser welding and additive manufacturing of copper, gold, aluminum and other industrially important metals. NUBURU’s industrial blue lasers produce minimal to defect-free welds that are up to eight times faster than the traditional approaches — all with the flexibility inherent to laser processing. For more information, please visit www.nuburu.net.

Read More

ADDITIVE MANUFACTURING

Mantle is Awarded the SME Additive Manufacturing Start-Up Technology Award for Its Innovative 3D Printing Solution for Tooling

Businesswire | May 30, 2023

Mantle, the leader in metal 3D printing for toolmaking, announced today that it has won the prestigious Additive Manufacturing Start-Up Technology Award for its innovative metal 3D printing technology. SME, formerly known as the Society of Manufacturing Engineers, selected Mantle and delivered the award at the 2023 RAPID + TCT conference, North America’s largest Additive Manufacturing event. The AM Start-Up Technology Award recognizes businesses with unique technologies that solve existing manufacturing problems with a unique technical approach. Mantle was selected as the winner of the award for its groundbreaking TrueShape 3D printing technology, which significantly reduces the cost and lead times to produce precision tooling while allowing for better tool designs and solving skilled labor shortages. The AM Start-Up Technology Award is a highly competitive award that attracts some of the best and brightest start-ups in the 3D printing industry. SME, an organization committed to promoting and supporting the manufacturing industry and the creator of critical toolmaking content such as Tooling U, screened numerous start-ups before selecting Mantle based on the criteria of: Technical feasibility: the technology has been demonstrated or is feasibly sound Uniqueness: the technology solves an existing problem with a unique approach Market potential: the technology serves a large market and can make a meaningful impact Messaging and communication: the company has a clear value proposition and messaging "We are extremely pleased to be selected by SME as the 2023 AM Start-Up Technology Award winner. Since its public launch, Mantle has proven significant value for our customers by automating the process of making precision tools. Through multiple case studies, manufacturers of all sizes have experienced the ROI gains that Mantle's 3D printing technology delivers by slashing the time and money needed to manufacture precision molds compared to traditional toolmaking processes.” - Ted Sorom, CEO and co-founder, Mantle Mantle announced the availability of its production machines in September of 2022 and has quickly established itself as the leader in metal 3D printing for precision toolmaking. Mantle has already been adopted by major OEMs, molders, and toolmakers who have benefited from the reduced time to market, improved part quality and lower cost production that come from using Mantle technology. “Mantle's win is a testament to our company's commitment to innovation and excellence. The award is a significant achievement and a major milestone for the company, demonstrating the potential of its technology and their ability to make a significant impact on the precision tooling market.” - Paul DiLaura, CCO, Mantle About Mantle Mantle accelerates product development by simplifying how mold tool components are made. Mantle’s TrueShape™ metal 3D printing technology delivers the accuracy, surface finish, and tool steel properties required for demanding tooling applications. Tools made with Mantle’s technology have produced millions of parts while reducing tooling lead times and costs. Mantle is headquartered in San Francisco, California. To learn more, visit mantle3D.com.

Read More

MANUFACTURING TECHNOLOGY, SMART FACTORY

XNRGY to Double Capacity of its Montreal Manufacturing Facility

PR Newswire | May 31, 2023

XNRGY Climate Systems, a leader in the design and manufacturing of energy efficient commercial heating, ventilation, and air conditioning systems ("HVAC"), today announced that is has secured financing from Divco, a Montreal-based commercial real-estate builder, to add an additional 100,000 sq. ft. of production capacity to its state-of-the-art manufacturing facility in Montreal. This expansion will bring the total manufacturing capacity in Montreal to 200,000 sq. ft. in 2024. Led by industry pioneers with decades of combined working experience, XNRGY is on a mission to reduce the carbon footprint of commercial buildings. XNRGY's high-performance HVAC systems are designed to increase energy efficiency, reduce costs, and provide superior indoor air quality to mission critical customers including hospitals, clean rooms, educational institutions, and data centers. The expanded state-of-the art facility in Montreal will primarily manufacture custom air handling units and DX systems for delivery to building owners across North America. The additional space and equipment will add significant capacity and accelerate the ability of XNRGY's world-class team to meet the rapidly growing customer demand spanning coast to coast. "We're expanding capacity to meet significant customer demand for XNRGY products. This increased capacity coupled with investment in the management systems to support rapid growth will enable XNRGY to accelerate production, expedite delivery and increase our market share," said Wais Jalali, the Founder, Chairman and Chief Executive Officer of XNRGY. "We sincerely thank our valued customers, development partner Divco, the greater Montreal business community, and our dedicated XNRGY team for their strong support during this surge in demand." "We are thrilled to have had the pleasure of working together on the first phase of XNRGY's Montreal facility, and our team is excited to continue our partnership with XNRGY for the second phase." said Adam Turner, President of Divco. "The synergy and shared commitment to excellence between our organizations have laid the foundation for continued success. With great enthusiasm, we look forward to the successful realization of this next phase." About XNRGY Climate Systems XNRGY is a privately held climate technology company which designs, engineers, and manufactures sophisticated, sustainable innovative solutions focused on reducing carbon footprint, water usage and energy consumption. Key products include large custom refrigeration and chilled water air handling units, vertical and horizontal CRAC and CRAH units up to 600 kW, clean room systems, energy recovery systems, low dewpoint EV manufacturing units, and factory installed turnkey controls platform. XNRGY uses BIM/CFD to prevent transient performance failures in mission-critical facilities. XNRGY looks at iso vectors and pressure distribution to design the most efficient systems for clients. This contributes to lower KW while delivering the maximum air to the buildings as well as adding to LEED and NET ZERO initiatives (Paris Climate Accord).

Read More

ADDITIVE MANUFACTURING

NUBURU Delivered First Units Under Partnership with Essentium in Additive Manufacturing for Metal Industrial Parts

Businesswire | May 31, 2023

NUBURU, Inc., a leading innovator in high-power and high-brightness industrial blue laser technology, today announced that multiple units were delivered to Essentium, a worldwide leader in industrial additive manufacturing (AM). In May 2022, Essentium and NUBURU jointly announced a multi-year, multi-million-dollar agreement to develop and manufacture a blue laser-based metal AM platform. The deliveries announced today signify the initial execution of this agreement. Essentium expects strong growth across new applications and markets as a result of this technology integration. NUBURU has begun delivering and Essentium has begun integrating NUBURU’s proprietary blue laser technology with its High Speed Extrusion (HSETM) 3D Printing technology. The new AM platform is designed to deliver breakthrough throughput for extremely high part quality and broad-scale use in major industrial markets, including automotive, aerospace, and defense. Dr. Mark Zediker, CEO and Co-Founder of NUBURU, said, “We are excited to have delivered our first units to Essentium, and we look forward to delivering additional units over the course of 2023 and the coming years.” Essentium launched EPOD (Essentium Parts on Demand), an in-house production service using its HSETM 3D printing technology in March 2023. The service offers fast and cost-effective production of parts at scale and access to Essentium's open AM ecosystem of solutions. NUBURU is excited to support Essentium's growth through partnerships with existing additive manufacturing service providers and manufacturing marketplaces. “NUBURU's unparalleled expertise and leadership in blue laser technology have been instrumental in advancing our cutting-edge 3D printing platform. The arrival of the latest units this year and our partnership with NUBURU will help us continue to drive innovation in the AM industry,” said Elisa Teipel, Ph.D., Chief Technology Officer and co-founder of Essentium. Essentium is also leveraging access to NUBURU’s intellectual property related blue laser technology, including patents granted in the United States, Japan, China, and South Korea. About NUBURU Founded in 2015, NUBURU, INC. (NYSE American: BURU) is a developer and manufacturer of industrial blue lasers that leverage fundamental physics and their high-brightness, high-power design to produce faster, higher quality welds and parts than current lasers can provide in laser welding and additive manufacturing of copper, gold, aluminum and other industrially important metals. NUBURU’s industrial blue lasers produce minimal to defect-free welds that are up to eight times faster than the traditional approaches — all with the flexibility inherent to laser processing. For more information, please visit www.nuburu.net.

Read More

ADDITIVE MANUFACTURING

Mantle is Awarded the SME Additive Manufacturing Start-Up Technology Award for Its Innovative 3D Printing Solution for Tooling

Businesswire | May 30, 2023

Mantle, the leader in metal 3D printing for toolmaking, announced today that it has won the prestigious Additive Manufacturing Start-Up Technology Award for its innovative metal 3D printing technology. SME, formerly known as the Society of Manufacturing Engineers, selected Mantle and delivered the award at the 2023 RAPID + TCT conference, North America’s largest Additive Manufacturing event. The AM Start-Up Technology Award recognizes businesses with unique technologies that solve existing manufacturing problems with a unique technical approach. Mantle was selected as the winner of the award for its groundbreaking TrueShape 3D printing technology, which significantly reduces the cost and lead times to produce precision tooling while allowing for better tool designs and solving skilled labor shortages. The AM Start-Up Technology Award is a highly competitive award that attracts some of the best and brightest start-ups in the 3D printing industry. SME, an organization committed to promoting and supporting the manufacturing industry and the creator of critical toolmaking content such as Tooling U, screened numerous start-ups before selecting Mantle based on the criteria of: Technical feasibility: the technology has been demonstrated or is feasibly sound Uniqueness: the technology solves an existing problem with a unique approach Market potential: the technology serves a large market and can make a meaningful impact Messaging and communication: the company has a clear value proposition and messaging "We are extremely pleased to be selected by SME as the 2023 AM Start-Up Technology Award winner. Since its public launch, Mantle has proven significant value for our customers by automating the process of making precision tools. Through multiple case studies, manufacturers of all sizes have experienced the ROI gains that Mantle's 3D printing technology delivers by slashing the time and money needed to manufacture precision molds compared to traditional toolmaking processes.” - Ted Sorom, CEO and co-founder, Mantle Mantle announced the availability of its production machines in September of 2022 and has quickly established itself as the leader in metal 3D printing for precision toolmaking. Mantle has already been adopted by major OEMs, molders, and toolmakers who have benefited from the reduced time to market, improved part quality and lower cost production that come from using Mantle technology. “Mantle's win is a testament to our company's commitment to innovation and excellence. The award is a significant achievement and a major milestone for the company, demonstrating the potential of its technology and their ability to make a significant impact on the precision tooling market.” - Paul DiLaura, CCO, Mantle About Mantle Mantle accelerates product development by simplifying how mold tool components are made. Mantle’s TrueShape™ metal 3D printing technology delivers the accuracy, surface finish, and tool steel properties required for demanding tooling applications. Tools made with Mantle’s technology have produced millions of parts while reducing tooling lead times and costs. Mantle is headquartered in San Francisco, California. To learn more, visit mantle3D.com.

Read More

Events

3DPrinting2023

Conference

3DPrinting2023

Conference