Iqgeo Regulatory News (IQG)

15 Mar 2013 07:00

RNS Number : 0687A Ubisense Group PLC 15 March 2013 15 March 2013 South Korean Diesel Engine Manufacturer latest to Implement Ubisense tool trackingsolution Cambridge, UK - Ubisense Group Plc ("Ubisense" or the "Company") (LSE:UBI), a market leader in location based smart technology, is pleased to announce that aSouth Korean engine manufacturer has selected Ubisense for its tool tracking solutionand has commenced deployment on multiple engine assembly lines at their domesticplant. The tool location module of the Ubisense Smart Factory System was selected becauseof its ability to provide an end to end solution for visibility and control acrossthe manufacturers main production lines, something that could not have been achievedbefore using traditional passive RFID or bar code solutions. This leading South Korean industrial has selected the system in order to eliminatedefects as early as possible during the assembly process. A number of critical tighteningoperations, if defective or incomplete, can cause expensive rework at a later datetherefore identifying them early is important for an efficient and error free productionfacility. For the customer, this is a process improvement they have been lookingto implement for a while and Ubisense's unique solution and strategic partnershipwith Geoplan made this possible. "We are extremely pleased to have successfully delivered another Smart Factory Systemto a leading Manufacturer, based on our ground breaking location system," said RichardGreen, CEO of Ubisense. "This installation demonstrates that our solution doesn'tjust help with efficiency, but also helps to dramatically reduce error rates andwe are confident that as the industry continues to adopt this system, more benefitswill be identified." Other major manufacturing groups are already enjoying significant benefits throughthe adoption of this system, including deployments by groups such as BMW, Daimlerand Aston Martin, across their plants in Europe, Asia and North America. Here, hundredsof direct current tools are performing hundreds of thousands of tightening operationseach day and providing significant ROI to companies typically in less than 12 months. Ends About Ubisense Ubisense is a market leader of location-based smart technology which enables companiesto optimise their business processes. By keeping track of key assets, Ubisense solutionsbring clarity to complex operations in industries while also improving quality andreliability. Ubisense uses a unique combination of advanced industry knowledge andan experienced team to deliver effective and superior solutions that offer unprecedentedvisibility, control and accuracy, delivering time and cost savings. Ubisense solutionsare easy to implement and flexible to a particular businesses needs, no matter whicharea of the globe they operate in. Ubisense offers two location-oriented products; RTLS (Real-time Location Solutions)and Geospatial Systems and operates in a number of industries ranging from manufacturingand utilities to transportation and is used by a number of blue chip customers acrossthe world, such as BMW, Airbus, Aston Martin, Caterpillar and Deutsche Telekom. Contact Ubisense Group Richard Green Gordon Campbell Tel: +44 (0) 1223 535 170 Canaccord Genuity Limited (NOMAD) Tel: +44 (0) 207 523 8000 Simon Bridges Lucy Tilley FTI Consulting Tel: +44 (0) 20 7831 3113 Jon Snowball Tracey Bowditch This information is provided by RNS The company news service from the London Stock Exchange END