Hardware for^Productivity
Large industrial facilities on average lose 323 production hours every year due to unplanned downtime at an average annual cost of £126 million per plant. Across industrial plants from firms in the Fortune Global 500, financial losses due to machine failures amount to 8% of annual revenues, or £407 billion. Aside from human error, worn and corroded components are the major causes of these mechanical failures.
By eliminating wear components and constructing the next generation of industrial hardware to have simplified structures, we can eliminate a significant proportion of downtime and industrial incidents.