{"id":11552,"date":"2021-07-14T10:20:26","date_gmt":"2021-07-14T14:20:26","guid":{"rendered":"https:\/\/www.iotm2mcouncil.org\/?post_type=news&#038;p=11552"},"modified":"2021-07-14T10:20:27","modified_gmt":"2021-07-14T14:20:27","slug":"continental-invests-in-industry-4-0-firm-feelit","status":"publish","type":"news","link":"https:\/\/www.iotm2mcouncil.org\/iot-library\/news\/connected-industries-news\/continental-invests-in-industry-4-0-firm-feelit\/","title":{"rendered":"Continental invests in Industry 4.0 firm Feelit"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"alignleft size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.iotm2mcouncil.org\/wp-content\/uploads\/2021\/07\/continental-feelit-edited.jpg\" alt=\"\" class=\"wp-image-11554\" width=\"371\" height=\"278\" srcset=\"https:\/\/www.iotm2mcouncil.org\/wp-content\/uploads\/2021\/07\/continental-feelit-edited.jpg 1816w, https:\/\/www.iotm2mcouncil.org\/wp-content\/uploads\/2021\/07\/continental-feelit-edited-640x480.jpg 640w, https:\/\/www.iotm2mcouncil.org\/wp-content\/uploads\/2021\/07\/continental-feelit-edited-825x620.jpg 825w\" sizes=\"(max-width: 371px) 100vw, 371px\" \/><\/figure><\/div>\n\n\n\n<p>German multinational automotive parts manufacturing company Continental AG has acquired a minority stake in Israeli Industry 4.0 start-up Feelit. The investment will allow Continental to expand its Industry 4.0 expertise in predictive maintenance and remote condition monitoring for automotive, industrial and manufacturing applications.<\/p>\n\n\n\n<p>Feelit provides predictive maintenance solutions for various industrial equipment and machinery based on proprietary hardware sensors and dedicated algorithms. The start-up has developed a structural sensing technology that its says is up to 50 times more sensitive than current standard market applications.&nbsp;<\/p>\n\n\n\n<p>Feelit uses printed, nanomaterial-based, fully integrated sensors and cloud analytics to enable live, remote feedback on structural and performance changes in equipment. The sensors can be integrated, for example, into battery cooling systems for electric vehicles to optimise battery life and range. Continental sees additional potential for remote condition monitoring and predictive maintenance applications for its industrial hoses for the food and beverage industry, for hydraulic and energy solutions complying with safety requirements, and for avoiding unplanned and costly down-times in manufacturing.<\/p>\n\n\n\n<p>Founded in 2017, Feelit has developed a sensitive, flexible, printed nanomaterial sensor that can be attached to static and rotating machinery parts, including flat and rounded surfaces. This sensor measures strain in ultra-high resolution, as well as other parameters such as temperature, vibration and pressure.<\/p>\n\n\n\n<p>Based on an industrial IoT platform for real-time remote sensing of structural changes in mechanical assets, the system serves as an \u201celectronic skin\u201d that sends an alert if it detects critical structural and operational anomalies in advance. This technology allows remote condition monitoring and predictive maintenance of industrial assets, like valves, pipes and pumps, and prevents unplanned downtime of machinery.<\/p>\n\n\n\n<p>\u201cThe investment further paves our way toward digitalisation and brings with it multiple strategic benefits. Sensor integration into both new and existing product lines supports our ongoing transformation toward smart and sustainable solutions beyond rubber. Products such as hoses will be turned into sensitive detectors and provide real-time information about their condition,\u201d explained Philip Nelles, member of Continental\u2019s Executive Board and responsible for the industry-focused business area ContiTech. This technology helps to extend the range and life of batteries in electric vehicles, predicts maintenance and increases safety in manufacturing environments.<\/p>\n\n\n\n<p>\u201cFeelit is a technology-driven startup with an industry agnostic value proposition. In order to simultaneously address multiple verticals with a mature and differentiated solution, we aim to partner with established technology leaders in such fields to accelerate commercialisation. Accordingly, we are delighted to have won Continental as an early backer, partner and investor, providing us with operational and industrial expertise. Together we can pilot and improve our innovative sensors and cloud analytics software in many industrial and automotive applications. Now, our focus is on further developing our sensing solutions as the technology-leading product for diverse applications,\u201d added Feelit CEO and co-founder Dr. Gady Konvalina.<\/p>\n\n\n\n<p>One application that particularly interests Continental is improved thermal management of batteries to increase electric vehicle battery life and range. Batteries in electric vehicles work most efficiently at temperatures of between 20\u00b0C and 40\u00b0C. This temperature range extends battery life and range An external sensor can be retrofitted to hose line systems to measure the temperature of battery control systems using oil, coolant or refrigerant.&nbsp;<\/p>\n\n\n\n<p>The investment has been initiated by Continental\u2019s dedicated corporate venture capital unit, which was established in 2018 with the aim of tapping into innovation and capitalise on new opportunities faster and thus managing and leading the transformation in several industries.&nbsp;<\/p>\n","protected":false},"author":26711,"featured_media":11554,"template":"","news-category":[61],"library-tag":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Continental invests in Industry 4.0 firm Feelit - IoT M2M Council<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.iotm2mcouncil.org\/iot-library\/news\/connected-industries-news\/continental-invests-in-industry-4-0-firm-feelit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Continental invests in Industry 4.0 firm Feelit - IoT M2M Council\" \/>\n<meta property=\"og:description\" content=\"German multinational automotive parts manufacturing company Continental AG has acquired a minority stake in Israeli Industry 4.0 start-up Feelit. 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