I-care Enters into Licensing Agreement with Massachusetts Institute of Technology (MIT)
Boston, June 10, 2022 – I-care Group, a global leader in machine health, has signed a non-exclusive license agreement with U.S.-based Massachusetts Institute of Technology (MIT) for a group of MIT patents covering breakthrough machinery monitoring technology.
The patents include algorithms that transform standard high speed photography into an advanced sensor array for machinery analysis. Previously, performing a structural analysis on a plant asset required days to complete. With this technology, superior analysis can be completed in minutes and in greater detail without even touching the machine.
Ben Detober, CEO of I-care USA and representative of I-care Group: “We are very proud and honored to sign this agreement with the renowned MIT and to benefit from their incredible technology. I-care helps industries around the world to be safer, more productive and more sustainable. We invest heavily in our R&D in order to keep improving our technology, products and services. Thanks to the MIT agreement, I-care will offer our clients even better technology: our teams will more quickly and easily identify the nature of defects on plant equipment and recommend appropriate corrective actions.”
I-care monitors industrial equipment 24/7 in thousands of plants across the food, chemical, pharmaceutical, energy and materials sectors.