Milacron Partners with ei3 to Add Unique AI Capabilities to Its “M-Powered” IoT Solution
October 20 2019 - 6:00AM
Business Wire
Milacron Holdings Corp. (NYSE: MCRN), a leading industrial
technology company serving the plastics processing industry is
announcing triple digit growth since 2017, fueled through
innovative products and the digital solution “M-Powered” based on
our partnership with ei3. M-Powered offers a full-suite of Industry
4.0 services and predictive functions that uses advanced analytics
and Artificial Intelligence to capture value from machine data to
improve overall machine performance, such as availability, quality,
uptime and many more.
ONGOING IMPROVEMENTS
To match the exponential growth, Milacron is tripling its work
force for its digital solutions to further monitor projects and
provide proactive customer engagement. At Milacron, we believe that
all manufacturers should have access to the tools to make the best
production decisions. M-Powered is fully customizable, agile and
flexible intelligence software, designed to be intuitively used
through analytical dashboards and reports to allow manufacturers to
interpret problems and uncover opportunities to make optimal
business decisions.
The dashboards include basic predictive, prescriptive and
analytics capabilities for key Milacron machine components like
Heater Bands, Hydraulic Pumps, and Feed Screws. These predictions
enable service teams to turn unplanned downtime into planned
downtime, to improve machine availability.
EXPANDED APPLICATIONS
ei3’s latest innovation in AI through its dedicated Data Science
center in Zurich, Switzerland paves the way for new - applications
to support preemptive part stocking modules and expanded
lifetime-tracking for mold, tooling and auxiliary components.
Building on these capabilities, Milacron’s M-Powered is now able to
interpret the data to determine impending failures, maintenance
needs, or incorrect recipe settings of the machine. Addressing
those issues leads to reduced unplanned downtime, and improved
OEE
These features boost existing M-Powered capabilities, valued by
countless customers in everyday operations.
Key Production Reporting features:
- Real-time reporting of production information
- Integrates work orders, production orders, quality, downtime
and process parameter results
- User configuration tools
- Automatic scheduled email delivery of configured reports to
users and groups
- Variety of formats including pdf, excel and text
- Many standard reports available
- Custom reports can be created upon request
ei3 makes it incredibly easy to reap immediate benefits from
your data set. Without much learning, investments, or waiting or
large sets of data to collect, at a click of a button you can
unlock ei3’s extensive production reporting capabilities.
Comprehensive reports give you information on the status of your
operations, allowing you to see what is going on at an
unprecedented level of clarity, and take decisions based on facts
and figures rather than hear-say.
Each report can of course be adapted to fit your needs, both
from a content perspective but also graphically (for example, it
will come with your company logo on!), or you can define an
entirely new report template. Reports can be browsed in HTML format
on-line, sent automatically on a regular basis (daily, weekly,
quarterly, yearly), or created when specific conditions warrant it
– on trigger.
Any Milacron machine can be enhanced with ei3 AI capabilities in
less than two weeks. This system will improve equipment
productivity and any process ran on the machinery.
DATA SECURITY IS KEY
Customers can verify without question what data is collected and
ei3 is committed to IoT cloud security.
All modules provided by the collaboration of Milacron and ei3
are secure:
- Security of your data is guaranteed from the creation of the
machine data, the transfer to the cloud, to the application and any
API integration back into the computer system.
- Strategically placed private data centers leverages physical
infrastructure, redundancy, backup, and failover with 24x7
availability to your machine data with no data limits.
- A rigorous cybersecurity system to constantly monitor and
improve applications, systems and processes that withstand the
growing risks of cyber hacking. ei3 has attained the ISO 27001
certification of compliance by DEKRA.
- Orchestrated based on complete admin autonomy, with access to
division, machine, completely auditable remote service
translations, and module control for unlimited users to receive
actionable information on the machine.
We invite you to visit us in Hall 1 Booth C05 at the K-Show in
Dusseldorf, Germany to see our cutting-edge products and solutions
for the plastics processing industry.
Milacron continues to push the boundaries of possibilities in
plastics with breakthrough products from leading brands including
Milacron, Mold-Masters, DME, Ferromatik, TIRAD, and CIMCOOL.
About Milacron
Milacron is a global leader in the manufacture, distribution,
and service of highly engineered and customized systems within the
plastic technology and processing industry. Milacron is the only
global company with a full-line product portfolio that includes hot
runner systems, injection molding, extrusion equipment, auxiliary
equipment and a wide market range of advanced fluid technologies.
Visit Milacron at www.milacron.com.
About ei3
Founded in 1999 ei3
Corporation delivers a suite of applications designed for
mid-market manufacturing companies to enjoy the benefits of the
Industrial IoT. ei3’s solution increases operational efficiency,
saves costs, increase profitability, and enables new business
models. Printing presses, injection molding machines, and packaging
equipment are some of the market segments led by ei3. ei3 is
headquartered in New York with offices in Montreal, Copenhagen and
Zurich. Visit ei3 at
www.ei3.com.
MCRN-IR
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version on businesswire.com: https://www.businesswire.com/news/home/20191020005054/en/
Media: Lacy Wise Corporate Communications Manager
Lacy_Wise@milacron.com M: +1-513-410-3458 Investor Relations: Bruce
Chalmers Milacron, Chief Financial Officer
Bruce_Chalmers@milacron.com O: +1-513-319-7985
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