Vénissieux, March 16, 2023
BOOSTHEAT (FR0011814938 / BOOST), an industrial player in the field of energy efficiency technologies in France, presents its innovative IoT Edge software solution
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aimed at accelerating the experience of industrial digital transformation. Coming from the new division “BOOSTHEAT Software Solutions & Services (BS3)
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this software solution is now ready to be offered to manufacturers, component suppliers (OEM), solution integrators or maintenance companies, for a first phase of testing before its deployment, in a second phase, on the basis of a business model defined later.
I ENHANCING PRODUCT EFFICIENCY THROUGH DIGITAL TRANSFORMATION: BOOSTHEAT’S IOT EDGE SOFTWARE SOLUTION
BOOSTHEAT, a leading technology company specializing in energy efficiency technologies, has spent the past five years investing in software solutions (IoT) to support its R&D team in improving the energy efficiency of its internal heat pumps. By leveraging data analysis capabilities and rapid software deployment, BOOSTHEAT has improved product performance in the field. While machine manufacturers typically focus on hardware to boost product efficiency and reliability, BOOSTHEAT believes that hardware improvements alone cannot be enough to realize the benefits of digital transformation. The company is convinced that the creation of business value will gradually evolve from hardware to software.
To this end, BOOSTHEAT has launched a new IoT Edge software solution that industrial companies can use to optimize their product performance and maintenance operations, resulting in lower costs and more efficient product deployment. . The software solution acts as an operating system integrated into the product or the customer’s simulated environment; it provides a practical answer to the challenges associated with accelerating time to market to develop control and command systems, data collection and retention, and offers enhanced analytics capabilities, data analysis real-time, cost-saving benefits and faster responses to changing operational conditions.
The solution includes a data explorer for business experts to improve the efficiency and reliability of their product. This tool allows them to make rapid improvements to control systems, to generate graphic screens (known as “HMI”), to collect, process and analyze data from their machines and equipment in real time, remotely or locally when connectivity is not guaranteed.
I FROM DATA ANALYSIS CAPABILITIES TOWARDS ADVANCED ARTIFICIAL INTELLIGENCE AND DIGITAL TWINS SERVICES
BOOSTHEAT is currently focusing its action on improving its solution in order to help its customers accelerate their Artificial Intelligence (AI) and digital twins projects. Leveraging BOOSTHEAT’s IoT Edge solution, industrial companies could significantly accelerate the integration of AI and digital twin technologies through real-time processing, local historical data storage, and guaranteed data quality. which constitute major challenges for industrial AI projects.
By combining AI and digital twin services, companies can benefit from a better understanding of the performance and behavior of their machines, predict maintenance needs and make more informed decisions to increase efficiency and to reduce costs. BOOSTHEAT is convinced that its IoT Edge solution is able to overcome the obstacles related to the deployment of AI by providing a high level of availability and quality of data, by allowing industrial companies to integrate advanced algorithms, to personalize them as soon as possible and gain a competitive advantage in the market.
I A TWO-STEP APPROACH TO ADDRESS IOT SOLUTIONS TO INDUSTRIAL PARTNERS
This IoT Edge solution will be offered to manufacturers, component suppliers (OEM), solution integrators or maintenance companies.
BOOSTHEAT plans to take a two-step approach to delivering its solution to an industrial partner.
The first step involves providing professional services to the partner to accelerate the integration of BOOSTHEAT’s IoT Edge solution into their product and meet their specific needs. The company aims to invest in providing a high level of service to ensure the best result to the partner.
Throughout the 2023 financial year, BOOSTHEAT will work to promote this new activity with industrial players who will be able to integrate the BOOSTHEAT software and assess its potential in the laboratory or in the field.
In the second phase, BOOSTHEAT plans to unveil new product features that will allow industrial customers greater autonomy to design and develop their own applications using BOOSTHEAT’s solution. This move could offer customers more flexibility and control over their operations, allowing them to better exploit the benefits of the solution. This step should accelerate the adoption of the software product and validate the Company’s ability to evolve from a service-oriented business model to a licensing, SaaS, fixed or pay-as-you-go or technology transfer model.
Ultimately, BOOSTHEAT will focus on providing a high quality service to its industry partners and providing the tools they need to easily integrate the IoT Edge solution into their product. In addition, by offering more autonomy to customers, BOOSTHEAT is positioning itself as a flexible and adaptable solution provider, able to meet the specific needs of a wide range of industrial customers.
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BOOSTHEAT is delighted to offer industrial partners this innovative software solution, which will enable them to take full advantage of the advantages of digital transformation and stay one step ahead in their respective sectors.
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says Emilien Benhard, Director of the Software solutions & services activity.
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These new capabilities within their product will allow companies and more specifically industrial/machine manufacturers to create digital twins and analytics optimized with more advanced and efficient AI that can be used to improve efficiency, productivity and operational performance
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Find all BOOSTHEAT information on
https://www.boostheat-group.com/en/
ABOUT BOOSTHEAT
Founded in 2011, BOOSTHEAT is a player in the energy efficiency sector. The Company’s mission is to accelerate the ecological transition through the integration of its technology in highly energy-consuming applications. BOOSTHEAT has designed and developed a thermal compressor protected by 7 families of patents allowing significant optimization of energy consumption to tend towards a reasonable and relevant use of resources.
BOOSTHEAT is listed on Euronext Growth in Paris, (ISIN: FR0011814938).
I CONTACTS
NEWS finance & communication – Anne-Pauline PETUREAUX
Investor Relations
Such. : 01 53 67 36 72 / [email protected]
NEWS finance & communication – Serena BONI
Press relations
Such. : 04 72 18 04 92 / [email protected]
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IoT Edge: a solution that allows data to be processed where it is collected or used, rather than sending it back through the cloud. This solution is an effective way to quickly analyze data in real time (to give machines more autonomy, for example).
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