Baker Hughes and Augury Announce Alliance to Add Machine Health Capability to Baker Hughes Asset Performance Portfolio
26 Oktober 2021 - 2:00PM
Business Wire
- Augury’s machine health technology will further build out Baker
Hughes’ integrated asset performance capability, expanding coverage
from critical assets to balance of plant machines in the energy and
industrial markets
- Machine health uses advanced sensors and artificial
intelligence-based software to predict and prevent machine
failures, driving reliability, efficiency and sustainability for
energy and industrials
- Augury’s technology adds critical capability to Baker Hughes’
broader industrial asset management solutions
Baker Hughes (NYSE:BKR) has announced an investment in and a
multi-year commercial alliance with Augury, a machine health
solution provider, to deliver an expanded set of asset performance
capabilities, providing connected data, analytics and insights into
energy and industrial assets. The alliance builds on Baker Hughes’
existing asset performance management (APM) capabilities and domain
expertise in critical industrial assets. Through the alliance,
customers will now benefit from end-to-end visibility into the
health and performance of their critical assets to balance of plant
(BOP) machines, resulting in reduced downtime, increased
availability, and lower maintenance costs. Extending Baker Hughes’
APM solutions with Augury’s machine health capabilities will also
be important to Baker Hughes’ efforts to accelerate digital
transformation and decarbonization in the energy and industrial
sectors.
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APM solutions aim to improve the reliability and availability of
physical assets in some of the world’s most demanding industrial
sectors, where APM software can deliver up to a 30% reduction in
maintenance costs and up to a 45% reduction in unplanned downtime.
Adding Augury’s advanced sensor technology and machine health
solutions to Baker Hughes’ APM offering will increase predictive
capabilities for customers, and can also help lower energy
consumption and emissions in the industrial space, which currently
consumes 36% of the world’s energy. The APM market is expected to
grow at a compound annual growth rate of 10.1%, according to the
APM Market Global Forecast to 20261.
Baker Hughes currently offers APM solutions built on Bently
Nevada’s System 1 cloud-enabled platform. Bently Nevada is a leader
in critical asset condition monitoring and protection, and System 1
provides connectivity to both critical and essential machines,
monitoring tens of thousands of machines for more than 1,000 global
customers across heavy industrial segments. Augury’s machine health
technology will integrate with System 1 and includes advanced
sensors, artificial intelligence (AI) diagnostics, and a
cloud-based platform. Augury also brings significant domain
expertise in BOP, including experience from the pulp and paper,
pharmaceuticals, chemicals, and food & beverage industries. The
companies’ combined expertise and offering will provide customers
with a single, simplified view and deep insights into their entire
fleet of industrial assets to drive visibility for reduced downtime
and improved operational efficiency.
“This alliance is a critical addition to our industrial asset
management capabilities as we continue to strategically invest for
growth by delivering integrated APM solutions for our energy and
industrial customers.” said Lorenzo Simonelli, chairman and CEO
at Baker Hughes. “We share the same strategic vision of
combining critical equipment engineering with digital analytics,
and Augury also has broad technology and skillsets that complement
our existing offering to improve efficiencies, productivity and
operational excellence.”
“Our vision is to build a world where people can always rely on
the machines that matter,” said Saar Yoskovitz, co-founder and
CEO of Augury. “Now we're bringing that vision to more machines
in more sectors. By combining our machine health solutions and
expertise with Baker Hughes, we can offer an unmatched suite of
AI-driven industrial APM analytics and insights for energy and
industrial assets. Together, we can transform the management and
operation of the machines that use, generate, and move the world’s
energy.”
The alliance marks the latest development for the Baker Hughes
integrated APM offering and follows the recent acquisition of ARMS
Reliability, a global provider of asset strategy and reliability
solutions to some of the world’s largest industrial companies. As
Baker Hughes expands its APM coverage across customers’ plants,
enterprise AI solutions from BakerHughesC3.ai will complement the
APM software capability for scaled deployments and deliver
predictive insights on larger quantities of operational data.
Developing an integrated APM capability, along with emissions
management and asset inspection capabilities, is pivotal to Baker
Hughes’ industrial energy technology strategy, supporting
outcome-based solutions for enhanced industrial asset
management.
Baker Hughes will take a minority stake in Augury and will also
assume a seat on Augury’s Board of Directors.
About Baker Hughes
Baker Hughes (NYSE: BKR) is an energy technology company that
provides solutions for energy and industrial customers worldwide.
Built on a century of experience and with operations in over 120
countries, our innovative technologies and services are taking
energy forward – making it safer, cleaner and more efficient for
people and the planet. Visit us at bakerhughes.com.
About Augury
Augury’s mission is to build a world where people can always
rely on the machines that matter, by providing our customers with
superior insights into the health and performance of the machines
they use to make products, deliver services and improve lives. To
learn more, visit Augury.com.
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Media Relations
Baker Hughes Media Relations: Stephanie Price +1 281-605-8399
stephanie.price@bakerhughes.com
Augury Media Relations: PAN Communications +1 781-223-4767
augury@pancomm.com
Investor Relations:
Jud Bailey +1-281-809-9088
investor.relations@bakerhughes.com
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