The fast-growing French scaleup, TEEPTRAK has joined the EIT Digital Accelerator to accelerate their plans for growth and gain access to new European markets and financing.
TEEPTRAK solutions are the results of several years of consulting in operations and strategy. One major learning is that there is a real need for simple tools to better understand industrial performance to improve it. We believe the IoT technologies combined with the good old Lean philosophy are the key to success.
By using the latest technologies (Android, Bluetooth), it connects the facilities to make performance information available in real time. Today it covers 3 dimensions: machine performance, operator rhythm (or any discrete or repetitive tasks) and quality. A process monitoring solution is planned for the end of 2017. Finally, a complementary system for visualising the performance on screen is already deployed on several sites.
The solutions are independent of the installations already in place and integrate with the existing non-invasively and at a competitive price. Only a WIFI terminal with the Internet is required.
By joining the EIT Digital Accelerator, TEEPTRAK will benefit from support from the organisation's Access to market team who will assist them in the business development in the key European markets they want to reach.
François Coulloudon, CEO and founder of TEEPTRAK explains: "Our main solutions are ready and already deployed for several French and international customers. However, the market potential is huge and, we are seeking to commercialise our solutions on a larger scale. Therefore, we are very pleased to benefit from the expertise of EIT Digital to help us develop our presence in Europe."
TEEPTRAK is the result of several years of experience in operations consulting: there is a real need for performance measurement tools available for companies of all sizes to help them when they need it the most. It is therefore mainly around this issue that the startup has built itself by capitalising on the assets of the LEAN philosophy.
Integrated into a continuous improvement program or used independently, TEEPTRAK solutions have been designed to identify and measure losses quickly, efficiently and at a very competitive price.
From the raw data and through a set of tools and intuitive features, the performance information is returned to the teams so that they can decide and implement the most appropriate action plans. This allows the company to invest time, money and energy on the most important topics.
For more information: www.teeptrak.com