Latest FeelIT News
Jul 28, 2021
July 28, 2021 The companies agreed not to disclose the amount of the stake. Feelit offers state-of-the-art predictive maintenance solutions for a variety of industrial equipment and machines using their own hardware sensors and dedicated algorithms. The startup has developed a structural sensing technology that is up to fifty times more sensitive than currently standard market applications. Feelit uses printed, nanomaterial-based, fully integrated sensors and cloud-based analytics to provide live and remote feedback on changes in structural and performance equipment. For example, the sensors can be integrated into battery cooling systems in electric vehicles to optimize battery life and range. Continental sees additional opportunities for remote condition monitoring and predictive maintenance of hoses used in the food industry, hydraulic and energy solutions that meet safety requirements, and to avoid unplanned and costly downtime. “The investment will further build our path to digitization and provide a number of strategic benefits. The integration of sensors into new and existing product families supports our ongoing transformation towards smart and sustainable solutions beyond rubber. Products like hoses become sensitive detectors and provide real-time status information. ” Explained Philip Nelles, a member of Continental’s board of directors and head of the industry-focused business area, ContiTech. This technology helps extend the range and life of electric vehicle batteries while predicting the need for maintenance and increasing safety in the manufacturing environment. Founded in 2017, Feelit has developed a highly sensitive, flexible sensor made of printed nanomaterial that can be attached to static and rotating machine parts, including flat and rounded surfaces. This sensor measures the load in extremely high resolution and also monitors other parameters such as temperature, vibration and pressure. A system based on an industrial IoT platform for real-time remote sensing of structural changes in mechanical devices “As an electronic skin” serves as a timely signal when critical structural and functional abnormalities are detected. Up to fifty times more sensitive technology than current standard market applications enables remote condition monitoring and predictive maintenance of industrial equipment such as valves, pipes and pumps, as well as preventing unplanned and costly shutdowns of equipment. “Feelit is a technology-oriented startup with value propositions relevant to many industries. In order to provide a mature and differentiated solution for multiple components at the same time, we are working with technology leaders who have already proven themselves in these areas to work together to accelerate commercialization. Accordingly, we are delighted to have won Continental as a sponsor, partner and investor, providing us with operational and industrial expertise. Together, we can test and develop our innovative sensors and cloud-based analysis software for a wide range of industrial and automotive applications. We are currently focusing on the further development of our technology-leading products for various applications, our sensor solutions. ” Said Dr. Gady Konvalina, CEO and co-founder of Feelit. Sophisticated heat treatment increases the life and range of electric vehicle batteries Batteries for electric vehicles operate most efficiently at temperatures between 20 ° C and 40 ° C. This temperature range extends battery life and range, so the units must be cooled or heated depending on the outside temperature. External sensors can be retrofitted to hose systems to measure the temperature of battery control systems using oil, coolant, or refrigerant. The better the position of the flexible sensor, the better the temperature control to ensure that units such as the power electronics of electric cars do not overheat, the batteries can reach their maximum life and passengers do not have to give up the usual level of comfort . The investment was initiated by Continental’s dedicated corporate venture capital unit, which was created in 2018 with the goal of being able to leverage innovation effectively and take advantage of new opportunities more quickly, thereby gaining leadership in transformation across multiple industries. The venture capital unit invests capital in newly formed technology companies, providing direct access to new technologies, business ideas and the startup ecosystem.