The purpose of the project is to develop technology and applications for connected assembly and production logistics. The project consortium, where H&D Wireless is included, is well-composed and is considered to have extensive experience of international collaborations and market innovations.
Stockholm, June 3rd, 2019 - H&D Wireless, Sweden's leading supplier of IoT modules and RTLS technology, and the Korea Institute for Advancement and Technology (KIAT), are part of a new Swedish-South Korean project, C-PALS, which stands for Cyber-Physical, Assembly and Logistics Systems. Other project partners from Sweden are Ericsson, Scania and the Royal Institute of Technology (KTH). The project starts on July 1 and continues for 3 years.
"This project is of great interest to the Swedish automotive industry, where we will now create the digital factory. The project funding is €3 million, from grants within the EU investment EUREKA, where Swedish Vinnova and South Korean KIAT are financiers. RTLS and 5G technology will be important parts, so we are very happy to have H&D Wireless and Ericsson in the same project and to work with Scania's smart factory and processes. To also have South Korean partners in the consortium create a very exciting combination.", Says Professor Magnus Wiktorsson, Royal Institute of Technology - Royal Institute of Technology, Department of Sustainable Production Development.
"Tracking material flows in real-time is an important element in the digitalization of a factory and streamlining assembly processes. Here we have accumulated a great deal of experience in how we apply our unique radio competence for communication, safety and positioning," says Pär Bergsten founder and CEO of H&D Wireless AB. More information about the setup of this project will be available during 2019 Q3.
About H&D Wireless:
H&D Wireless is a leading Swedish provider of Internet of Things (IoT) technology and Real-Time Location Services (RTLS) to enterprise and manufacturing customers. H & D Wireless was founded in 2009 with over 1 million wireless products delivered so far for IoT and M2M applications worldwide. The company develops and delivers solutions that digitize and visualize physical processes, identifying among other things, the handling of assets, materials, tools and machines with its proprietary GEPS™ (Griffin Enterprise Positioning Services) suite of products. H&D Wireless shares have been listed on Nasdaq First North in Stockholm since December 2017 with FNCA Sweden AB, +46(0)8-528 00 399, firstname.lastname@example.org, as Certified Advisor.
About KIAT, Korea Institute for Advancement and Technology:
KIAT's mission is to promote industrial technology innovation and support innovation-related policy development through efficient and systematic project initiation. In 2012, KIAT distributed approximately $ 940 million in funding and grants. Headquartered in Seoul, offices are also located in the US and Europe
About KTH Royal Institute of Technology:
Since its founding in 1827, KTH Royal Institute of Technology in Stockholm has grown to become one of Europe's leading technical and engineering universities, as well as a key centre of intellectual talent and innovation. It is Sweden's largest technical research and learning institution and home to students, researchers and faculty from around the world dedicated to advancing knowledge.