The Company is preparing the first initial version in
In addition, the Company has received purchase orders (‘P.O’) for approximately
The Smart Factory Manufacturing Market Size is Expected to Reach
In a recent survey, 75% (75%) of respondents said that smart manufacturing would increase their company’s competitiveness through increased productivity.
Smart Factory Manufacturing simplifies business needs by eliminating human error using ICT technologies that can streamline production and processing while maintaining product durability, safety and quality. Smart factories benefit manufacturers by creating faster and more cost-effective processes to manufacture products.
Benefits of smart factory manufacturing: better collaboration and knowledge sharing
Smart manufacturing improves productivity and engagement by making it easier for employees to communicate. Information can be customized and personalized to better align with company manufacturing goals.
Improved data insights
Digital information enables better use of resources and optimizes plant operational performance. You get more data, faster. Real-time reports create better problem-solving solutions and improve productivity.
The smart factory reduces human manual handling by leveraging automation. The factory becomes more efficient because production can be responsive in real time.
Better safety and quality control
Since intelligent manufacturing systems automatically capture data, companies use the data to increase safety and quality. You can customize automatic report structures and create quality control routines in the system.
Minimize human errors
Simpler and more direct machine instructions, online quality checks and real-time monitoring can reduce human errors to near zero.
‘The size of
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All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will occur or may occur in the future are forward-looking statements, including including statements regarding the Offer. These forward-looking statements involve numerous assumptions made by the Company based on its experience, its perception of historical trends, current conditions, expected future developments and other factors it deems appropriate in the circumstances. In addition, such statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that predictions, forecasts, projections and other forward-looking statements will prove to be inaccurate, some of which are beyond the control of the Company.