{"id":8943,"date":"2021-01-21T16:56:29","date_gmt":"2021-01-21T16:56:29","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=8943"},"modified":"2021-01-21T16:56:29","modified_gmt":"2021-01-21T16:56:29","slug":"wireless-sensors","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/wireless-sensors\/8943\/","title":{"rendered":"Creator of battery-free wireless sensors receives $35m in funding"},"content":{"rendered":"
The funding will be used to accelerate sales, marketing, and product development of the company\u2019s battery-free wireless sensors to be used in the industrial sector.<\/p>\n
Former General Electric CEO Jeff Immelt, said: \u201cThe industrial sector has eagerly awaited the data explosion promised by IoT solutions, but has been continually let down. By eliminating the need for batteries, Everactive<\/a> can offer extremely scalable and cost-effective solutions for generating the data streams required to reap the full benefits of IoT.\u00a0 With self-sustaining sensors, retrofitting thousands of pieces of legacy equipment across a plant or refinery becomes a reality.\u201d<\/p>\n Everactive\u2019s end-to-end monitoring solutions target high-volume industrial assets that are currently unmonitored or under-monitored precisely because they exist in such high volume.\u00a0 Indeed, most plants are unwilling to place battery-powered sensors on thousands of motors, pumps, compressors, or steam traps; the logistical cost of adding thousands of items to a maintenance list is not only prohibitive, but also defeats the cost-saving purpose of those very sensors.<\/p>\n The company believes that by removing the battery from the sensor, they will enable the types of pervasive monitoring deployments long imagined, while cost-effectively digitising thousands of physical assets across a plant to maximise uptime, optimise maintenance costs, and improve environmental, health and safety.<\/p>\n