11 July 2024
IntelliAM AI
plc
("IntelliAM" or the
"Company")
IntelliAM AI secures DIF
Lighthouse Funding Award
IntelliAM AI plc (AQSE: INT), the
software company leveraging the power of AI and machine learning in
the manufacturing industry, is pleased to announce that a
subsidiary company has been named as a Lighthouse for AI and given
a Digital Innovation Fund ("DIF") Lighthouse Funding Award of
c.£263,000 approved for a research project to be completed during
the Company's current financial year. The grant for research into
the application of AI in lubrication analysis is made by The Smart
Manufacturing Data Hub which is funded by Innovate UK.
IntelliAM AI has access to over 180
manufacturing sites in the UK and has lubrication analysis results
for thousands of components from the last 10 years. Lubrication is
one of the key drivers of manufacturing downtime.
The
research project
● Using
IntelliAM's existing data, and new data to be collected during the
project, a machine learning model ("MLM") will be created to advise
OEM's and SME's on best practice lubrication for their
components.
● Software
will be built that allows component information to be entered and
the MLM will then create the grease and oil lubrication schedules
automatically.
● Software
will also be built that creates an on-condition lubrication
schedule based on bearing condition.
● An oil
analysis result checker will be created, so that organisations can
upload individual oil analysis results and compare themselves to
our 10 years of history, specific to the environment and component
types. Any
issues will be highlighted and
advice on action given.
This project will help reduce
machine downtime on manufacturers equipment and create resilience
against the reduction in engineering skills that we currently have
in the UK. Sustainability will be improved as oil will only be
replaced when needed.
This project will impact the Company
on three fronts, namely improved internal productivity, new machine
learning access to SMEs and a commercial product to increase
sales.
About IntelliAM
IntelliAM uses AI models to
proactively increase operating efficiency of the existing assets of
the Company's manufacturing clients. The Group achieves this by
harnessing vast amounts of data from the client's machines and
operational systems processed through the IntelliAM platform to
provide actionable insights for clients that encompass a broad
range of areas, such as productivity, reliability and supply-chain
optimisation, as well as energy efficiency and
sustainability.
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Enquiries:
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IntelliAM AI plc
Tom Clayton, Chief Executive
Officer
Daud Khan, Chief Financial
Officer
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+44 114 299 5007
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Oberon Capital - AQSE Corporate Adviser and
Broker
Adam Pollock
Mike Seabrook
Jessica Cave
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+44 203 179 5300
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Square1 Consulting - Financial PR
David Bick
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+44 207 929 5599
+44 7831 381201
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