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Ubisense Group PLC (IQG)

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Thursday 21 November, 2013

Ubisense Group PLC

European Auto adds fourth Smart Factory System

RNS Number : 5744T
Ubisense Group PLC
21 November 2013
 



 


21 November, 2013

 


Large European Automotive Manufacturer adds another Ubisense Smart Factory System installation

 

Cambridge, UK - Ubisense Group plc ("Ubisense" or the "Company") (AIM:UBI), a market leader in real time location intelligence solutions, is pleased to announce that a large European automotive manufacturer has deployed the Ubisense Smart Factory System to another of their production lines.

 

The order, valued at approximately €0.7m, is part of a global framework agreement with the manufacturer that covers more than 100 sites and this represents the fourth installation since production acceptance was granted in July this year.

 

The Smart Factory System brings many benefits to automotive manufacturers including providing visibility and control across the assembly and finishing areas. This enables manufacturers to reduce costs by eliminating non-value added search processes and by reducing work in progress, resulting in significantly reduced vehicle production times.

 

Richard Green, Ubisense Chief Executive Officer, said: "This is the fourth win in almost as many months with the same leading European automotive manufacturer and it highlights that adoption of our Smart Factory System across further production facilities can be achieved rapidly given the technology has already been integrated into the manufacturer's Manufacturing Execution System. Our Smart Factory System offering is experiencing solid sales momentum as an increasing amount of manufacturers recognise the compelling business case for utilitising real time location intelligence to provide visibility and control to their complex production processes."

 

-Ends-

 

About Ubisense


Ubisense is a market leader in real time location intelligence solutionswhich enable companies to optimise their business processes. By keeping track of key assets, Ubisense solutions bring clarity to complex operations whilst also improving quality and reliability. Ubisense Real-Time Intelligence Solutions are used by a number of blue chip customers across the world, such as AGCO, Airbus, Aston Martin, BMW, Cablevision, Daimler, Deutsche Telekom, Duke Energy, John Deere, MINI and VW.

 

Ubisense is headquartered in Cambridge, UK, with offices in the USA, Canada, Germany, France and Singapore. For more information visit: www.ubisense.net.

 

                                  

Contact

 

Ubisense Group

Richard Green 

Gordon Campbell

 

Tel: +44 (0) 1223 535170

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
 
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