Novity
Novity offers predictive maintenance solutions for various industrial equipment, utilizing a combination of Machine Learning and first-principles physics models to predict machine failures with high accuracy and long lead times.
Predictive Maintenance Solutions
Novity provides advanced predictive maintenance solutions for a variety of industrial equipment, including reciprocating compressors, screw compressors, centrifugal pumps, electric motors, industrial fans, and heat exchangers. These solutions utilize a unique combination of Machine Learning and first-principles physics models to predict machine failures with high accuracy. Their TruPrognostics™ engine delivers predictions with 90% or better accuracy and lead times of several months, enabling companies to prevent unplanned downtime.
Technology and Features
Novity's predictive maintenance technology is tailored to work in data-scarce environments, meaning it doesn't require excessive historical data to function effectively. The technology includes IoT sensors customized for different machine types and is designed for easy installation, often leveraging existing process data with minimal additional hardware. The visualizations provided by Novity are intuitive, showing clear indications of when equipment is likely to fail, facilitating straightforward decision making.
PdM Readiness and Health Check Programs
Novity offers a PdM Readiness Assessment program to help companies evaluate their preparedness for implementing a predictive maintenance solution. Additionally, the PdM Health Check program provides a snapshot of an asset's current health condition and predictions for its future health. These programs aim to help businesses understand their equipment's condition and prepare for a successful predictive maintenance deployment.
Industry Applications
Novity's technology is specifically designed to meet the needs of process industries such as Chemicals and Oil & Gas. The solutions they provide focus on predicting the remaining lifespan of mission-critical assets, addressing the unique requirements of these sectors. Their predictive algorithms and models are customized to handle the specific operational needs of these industries, aiming to eliminate unplanned downtime and optimize asset health and performance.
Company Expertise and Patents
Novity boasts over 250 person-years of combined expertise in systems health, artificial intelligence, and machine learning. The company holds more than 150 patents related to predictive maintenance, showcasing their depth of knowledge and innovation in this field. This extensive experience underpins their ability to deliver accurate and reliable maintenance predictions, helping clients maximize operational efficiency and return on investment.