Iqgeo Regulatory News (IQG)

15 March 2013

South Korean Diesel Engine Manufacturer latest to Implement Ubisense tool tracking solution

Cambridge, UK - Ubisense Group Plc ("Ubisense" or the "Company") (LSE:UBI), a market leader in location based smart technology, is pleased to announce that a South Korean engine manufacturer has selected Ubisense for its tool tracking solution and has commenced deployment on multiple engine assembly lines at their domestic plant.

The tool location module of the Ubisense Smart Factory System was selected because of its ability to provide an end to end solution for visibility and control across the manufacturers main production lines, something that could not have been achieved before using traditional passive RFID or bar code solutions.

This leading South Korean industrial has selected the system in order to eliminate defects as early as possible during the assembly process. A number of critical tightening operations, if defective or incomplete, can cause expensive rework at a later date therefore identifying them early is important for an efficient and error free production facility. For the customer, this is a process improvement they have been looking to implement for a while and Ubisense's unique solution and strategic partnership with Geoplan made this possible.

"We are extremely pleased to have successfully delivered another Smart Factory System to a leading Manufacturer, based on our ground breaking location system," said Richard Green, CEO of Ubisense. "This installation demonstrates that our solution doesn't just help with efficiency, but also helps to dramatically reduce error rates and we are confident that as the industry continues to adopt this system, more benefits will be identified."

Other major manufacturing groups are already enjoying significant benefits through the adoption of this system, including deployments by groups such as BMW, Daimler and Aston Martin, across their plants in Europe, Asia and North America. Here, hundreds of direct current tools are performing hundreds of thousands of tightening operations each day and providing significant ROI to companies typically in less than 12 months.

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About Ubisense

Ubisense is a market leader of location-based smart technology which enables companies to optimise their business processes. By keeping track of key assets, Ubisense solutions bring clarity to complex operations in industries while also improving quality and reliability. Ubisense uses a unique combination of advanced industry knowledge and an experienced team to deliver effective and superior solutions that offer unprecedented visibility, control and accuracy, delivering time and cost savings. Ubisense solutions are easy to implement and flexible to a particular businesses needs, no matter which area 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 manufacturing and utilities to transportation and is used by a number of blue chip customers across the world, such as BMW, Airbus, Aston Martin, Caterpillar and Deutsche Telekom.