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Ubisense has announced a strategic partnership with Daifuku, a Japanese supplier of material handling and warehouse management systems with a strong presence in the automotive market. Daifuku will integrate Ubisense technology into its demonstration facilities in Shiga prefecture in Japan. Ubisense’s technology is being used to help automate various processes such as pick-to-light, pick-to-voice, product identification and verification, personnel safety, line-side supply and automatic guided vehicles (AGVs). Ubisense already has a strategic partnership with Atlas Copco, whereby Ubisense technology is integrated into Atlas Copco tools. This is a similar type of relationship, with sales forthcoming when Daifuku sells a system containing Ubisense technology to an end-customer. With Ubisense seeing increasing interest from Japanese and Korean car manufacturers, this presents an additional sales channel into the Asian market and could drive revenues in the longer term, although we do not expect any short-term impact on sales.
Ubisense has been selected by Daifuku for use in its next-generation material handling 12 December 2012 systems. This agreement represents a new channel to market for Ubisense, strengthening its presence in the Asian high-value manufacturing market. While we believe this could lead to revenue upside in the long term, we do not anticipate any short-term impact.
David Theriault, Asia Business Development for Ubisense, commented: "Daifuku is the established leader in Japan. The outstanding partnership that we have developed with Daifuku will enable both of us rapidly to introduce these critically important location solutions to an incredibly broad range of manufacturing companies in the region. This partnership will greatly increase the value we can provide to our customers, and accelerate their return on investment."
Daifuku enters into Strategic Partnership with Ubisense RTLS solutions for next generation Material Handling Systems Cambridge, England and Tokyo, Japan - Ubisense Group Plc ("Ubisense" or the "Company") (LSE:UBI), a market leader in location solutions technology, is pleased to announce that Daifuku has selected Ubisense for their next generation material handling systems. Daifuku, the world's leading material handling company supplying global automotive manufacturing leaders have selected Ubisense location solutions for integration into their comprehensive material handling and warehouse management system. The system is in direct response to manufacturing and logistics companies who need to have more visibility and control of their industrial processes. Ubisense's solution will be showcased at the company's demonstration facilities in Shiga prefecture in Japan. This purpose-built facility of more than 200,000 sq. meters demonstrates increased productivity in a number of production scenarios pick to light, pick to voice, product identification/verification, personnel safety, line side supply and AGVs. "The scope of applications is enormous", says Yo****aka Watanabe, Chairman of Daifuku DIT. "We see an enormous number of applications for location and identification in manufacturing and distribution facilities for our customers. Ubisense enables us to build the next generation of Smart Factories."
Richard Green, Ubisense Chief Executive Officer, said that Hyundai's decision to increase its RTLS installation reinforces their previous deployment decision and emphasizes growing traction Ubisense's solution is receiving around the world. "The Asia Pacific automotive industry is a key market for us and within it South Korea represents a significant opportunity in its own right so we are very pleased to strengthen our relationship with Hyundai Kia further," Mr Green said. "Ubisense now has a foothold in eight of the top 15 automotive manufacturers globally and the opportunity within these eight is enormous. We are firmly focused on expanding our presence in these plants in the same manner we have with Hyundai Kia today." Ubisense's RTLS solution is already deployed under a global license agreement with BMW and installed in their plants across Europe, Asia and North America.
Hyundai Kia Expand Deployment of Ubisense Solution Cambridge, UK - Ubisense Group Plc ("Ubisense" or the "Company") (LSE:UBI), a market leader in location based smart technology, is pleased to announce the expansion of its RTLS installation with Hyundai Kia in Asia. The phase two expansion comes after the success of the pilot installation deployed just two months ago to their assembly line manufacturing plant in South Korea.
http://www.investegate.co.uk/Article.aspx?id=201209180700074611M
Valuation: RTLS adoption key to upside In our view, the market is valuing Ubisense’s two businesses in line with their relevant markets on an EV/Sales basis. Key to driving upside will be evidence that the RTLS business is winning contracts with new and existing customers and hence growing faster than the market. Considering the size of the available market, we believe this is possible and could drive the share price above 245p.
Valuation: RTLS adoption key to upside In our view, the market is valuing Ubisense’s two businesses in line with their relevant markets on an EV/Sales basis. Key to driving upside will be evidence that the RTLS business is winning contracts with new and existing customers and hence growing faster than the market. Considering the size of the available market, we believe this is possible and could drive the share price above 245p.
Richard Green, Chief Executive, commented: "The Group has had a good first six months of 2012. The number of automotive opportunities in RTLS continues to increase as we are seeing more and more activity through our relationship with Atlas Copco. We remain confident in the long term prospects for the business." Ubisense expects to publish its results for the half year to 30 June 2012 on 4 September 2012.
Half year end trading update Cambridge, UK - Ubisense Group plc ("Ubisense" or the "Company") (LSE:UBI), a market leader in location based smart technology, provides an update on trading performance for the half year to 30 June 2012. The business as a whole has continued to see good momentum and expects to report revenues at the half year which, on an underlying basis, are ahead of the same period in the preceding year. The Geospatial division has continued to perform in line with Board expectations, and the contribution of the acquisitions completed in 2011 has been particularly pleasing. In RTLS, the sales momentum has also continued to be strong and excellent progress has been made with a number of new customer signings, several of which have come through Atlas Copco. The division has continued to invest in this relationship which has helped to drive these orders. Whilst new business opportunities continue to grow, we experienced some delays with a small number of orders from the North American market. One of these orders has since been signed and the others are expected to come through during the second half. The result of these delays is that full year revenues are likely to be marginally lower than previously expected and this, along with the increased investment, will have an effect on the Group's reported earnings for the year to December 2012, which are now expected to be within, but at the lower end of, market expectations. Ubisense has a strong balance sheet with net cash at 30 June 2012 of over £3 million.
http://www.investegate.co.uk/Article.aspx?id=201207240700093125I
Asset tracking and location identification technology firm Ubisense has added car manufacturer Hyundai Kia to its customer list, expanding its footprint in Asia. Hyundai Kia has deployed Ubisense's real-time locating systems (RTLS) solution on its assembly line manufacturing plant in South Korea. "The addition of Hyundai Kia significantly strengthens our position in Asia and highlights the increasing traction our RTLS product is gaining in the automotive market," the firm said.
Richard Green, Ubisense Chief Executive Officer, said: "The addition of Hyundai Kia significantly strengthens our position in Asia and highlights the increasing traction our RTLS product is gaining in the automotive market." "Forward thinking companies in the region are now embracing the tool location solution already deployed by major automotive brands across Europe, particularly as there is a general flight to quality in the region." Other major automotive groups have already enjoyed significant benefit from adopting the tool location solution introduced over the past two years through Ubisense's strategic partnership with industrial tool maker Atlas Copco. Existing deployments of the market leading tool location solution across major automotive groups, where hundreds of DC tools are performing 100,000s of tightening operations each day, provide significant ROI in typically less than 12 months to companies.
Hyundai-Kia the latest major auto group to adopt Ubisense location solution Cambridge, UK - Ubisense Group Plc ("Ubisense" or the "Company") (LSE:UBI), a market leader in location based smart technology, is pleased to announce a new installation that expands the company's footprint in Asia. Ubisense have now added Hyundai Kia to the long list of manufacturers that have taken on the unique RTLS solution. Hyundai Kia has deployed the solution on their assembly line manufacturing plant in South Korea. Already deployed under global license agreements by BMW and installed in their plants across Europe, Asia and North America, the product is increasingly becoming the de facto location based automation solution as more automotive manufacturers adopt the company's technology across the globe.
http://www.investegate.co.uk/Article.aspx?id=201207090700091623H
Richard Green, CEO of Ubisense, said: "We are very pleased to have been selected by a major European automotive group, together with our strategic partner Atlas Copco: our systems are now being deployed by a growing number of global automotive companies to drive enormous productivity benefits in their business. The ROI is clearly understood by the industry and this is further endorsement of our solution by such a leading group."
2nd Largest European Automotive Group Selects Atlas Copco and Ubisense Manufacturing Solutions for deployment of real time location solution at production sites Mar 20, 2012, Cambridge, UK - Atlas Copco, the world's leading industrial tool manufacturer, and Ubisense, the world's leading provider of location solutions, today announces that a second European Automotive Group has entered into an agreement to deploy its Manufacturing Solutions Suite which incorporates Tool Location and Assembly Control Solution across its production sites. The solutions have already been deployed at three of the companies sites, in a deal worth approx 1million Eur. Tool Location and Assembly Control System is part of the Ubisense Manufacturing Solutions, it uses a combination of enterprise distributed software and precision tracking technologies to visualise and control Atlas Copco dc tools and assembly lines in complex production environments. The location solution is already in use in major automotive plants in Europe, North America and Asia and is used in the standard Tool Location System distributed by Atlas Copco through its worldwide offices. Fully scalable, it can be used at single sites or by global companies that want a complete visibility and control of operations that encompass multiple manufacturing locations and span different countries.
http://www.investegate.co.uk/Article.aspx?id=201203200700286475Z
"The Location Information System (LIS) - developed and standardised by IBS, BMW Group and Ubisense - is unique worldwide. The solution presents us with a vital unique selling point. We are absolutely delighted that BMW AG has completed implementation at Plant Oxford," says Dr. Klaus-Juergen Schroeder, Chief Executive Officer of IBS AG. Richard Green, CEO of Ubisense, said, "We are delighted to be working with BMW Group and IBS extending the frontiers of visibility and control to automotive manufacturing."
Cambridge, UK - Ubisense Group Plc ("Ubisense" or the "Company") (LSE:UBI) announces that its real-time location system developed in collaboration with IBS AG ("IBS") has been deployed at a major UK car plant. Under the global license agreement between the companies MINI Plant Oxford is the latest deployment in the BMW Group following installations in Europe, US and China. The implementation covers the whole of the final assembly line at the MINI Plant, and controls over 100 DC torque tools translating into over 100,000 tool/car matches in any one day. Automating the torque settings of the tool for each model variant is a key productivity driver for the system to deliver an impressively short return on investment. The Location Information Solution (LIS), specially developed for BMW Group, combines real-time location from Ubisense with advanced quality management and traceability software from IBS, bringing the production process a step closer to Six Sigma and the vision of complete traceability. The system tracks individual vehicles through on-line and off-line final assembly. It determines the identity and location of each car in the assembly facility and, based on the proximity of the vehicles to both fixed and mobile equipment such as tools and scanners, programs and controls the devices. Delivering unprecedented levels of visibility, accuracy and reliability for an RTLS-based solution, the system improves quality, and enables line operatives to work more efficiently, achieving time-saving, process safeguarding, zero defects and cost reduction.