Connect with us

Technology

Swedish tech company launches wireless condition based lubrication system monitored via App with AI-based decision support

Published

1 year ago

on

GOTHENBURG, Sweden, Jan. 23, 2025 /PRNewswire/ — Maintenance procedures are a critical area for many industrial companies, where production disruptions can be extremely costly. An example is the lubrication of rotation machine parts, bearings, gears, and chains. These tasks are time-consuming for maintenance staff and challenging to monitor to ensuring lubrication occurs and determining when it is needed. The Swedish tech company pureSignal of Sweden AB has recently launched the wireless lubrication system pureALUBE, which is monitored via an app and features AI-based decision support. This system represents a significant technological breakthrough in proactive maintenance, and international interest has been high. Agreements with distributors in several European countries have already been signed.

To enhance the interplay between production requirements in highly automated operations and maintenance routines, pureSignal of Sweden AB has developed the wireless condition based lubrication system pureALUBE. Featuring sensors that communicate wirelessly over distances of up to 2 km, the system allows lubrication cartridges to be installed across large factory areas. Even when lubrication points number in the hundreds, maintenance personnel have complete control via a user-friendly app and access to AI-based decision support. pureALUBE was developed in close collaboration with Perma-Tec GmbH & Co., a world leader in automatic lubrication systems with more than 55 million systems installed worldwide.

The advantages of pureALUBE mark a dramatic improvement compared to the routines still commonly used in many companies. Maintenance staff can easily check via the app that connected lubrication cartridges are working as they should and see when refills are needed. Additionally, the system monitors whether machines are in operation, automatically stopping and starting lubrication as needed.

Rapidly Growing Demand for Data-driven Maintenance Routines

pureSignal of Sweden AB is one of five sister companies within the Swedish Erinova Group, headquartered in Gothenburg. In 2022, the group had a combined turnover exceeding 220 million SEK and more than 100 employees. The companies offer technical solutions, products, and services that help businesses improve operational reliability, streamline maintenance, increase productivity, reduce costs, and enhance profitability. Examples include condition monitoring systems, reverse engineering for manufacturing spare parts, and systems for risk analysis.

Founded in 2022, pureSignal of Sweden AB aims to develop products for industries undergoing rapid transitions to data-driven production and operations with digitalized and integrated information flows. pureSignal previously launched the wireless vibration sensor pureMEMS and the speed sensor purePULSE. With its sights set on a vast international market, the company has quickly expanded into Europe.

Christoffer Eriksson, CEO of pureSignal of Sweden AB, has also been instrumental in building the Erinova Group from the ground up as a co-owner.

“We are, of course, thrilled by how well our products have been received in the market. The need for data-driven maintenance routines and wireless technology for condition monitoring is growing significantly in many countries. In just a few years, we have established collaborations with distributors across Europe.”

Smart condition based lubrication and AI Intelligence Deliver Significant Cost Savings

The launch of the pureALUBE lubrication system takes the company’s integrable platform for smart condition monitoring to a new level. The platform, marketed under the name pureFamily, enables integration where a single machine in a factory can have all three products installed, providing comprehensive monitoring for speed, vibration, and lubrication needs.

Industries where pureFamily and smart lubrication with pureALUBE bring substantial benefits include the process, chemical, and paper industries, mining, power and heat plants, and large parts of the manufacturing sector.

Christoffer Eriksson highlights several drivers behind the strong market interest in pureALUBE:

“There’s no doubt that smart lubrication with pureALUBE enables significant cost savings and increased profitability. Reducing production disruptions and breakdowns, minimizing unnecessary wear, increasing production system availability, and streamlining maintenance work quickly deliver results. The app and AI-supported analysis also play a significant role in providing maintenance personnel with full control and the ability to make the right decisions.”

Examples of information and functionalities available via the pureALUBE app include notifications for replacing lubrication cartridges, the remaining amount of lubricant, alerts, and starting/stopping lubrication. The service is offered as a monthly subscription with three tiers. Basic provides all essential functions, Expert includes advanced analytics, and Multiviz AI grants access to automated analyses and AI-based decision support.

For more information, contact: 

Christoffer Eriksson, CEO, pureSignal AB
Phone: +46 709 10 85 05
Email: christoffer.eriksson@erinovagroup.com 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/puresignal-of-sweden-ab/r/swedish-tech-company-launches-wireless-condition-based-lubrication-system-monitored-via-app-with-ai-,c4093569

The following files are available for download:

 

View original content:https://www.prnewswire.co.uk/news-releases/swedish-tech-company-launches-wireless-condition-based-lubrication-system-monitored-via-app-with-ai-based-decision-support-302358218.html

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Hexagon Composites ASA: Eirik Løhre appointed permanent CFO

Published

37 minutes ago

on

May 5, 2026

By

OSLO, Norway, May 5, 2026 /PRNewswire/ — Reference is made to the stock exchange announcement dated 11 November 2025, where Eirik Løhre was appointed interim CFO in Hexagon Composites.

The Company is pleased to inform that Eirik Løhre has been appointed permanently to the role of CFO in Hexagon Composites, effective today.

Eirik Løhre has been with the Company since 2021 and prior to his role as interim CFO, he served as EVP Corporate Development on the Executive Team.  

“Eirik has demonstrated strong financial leadership and execution, and he has been instrumental in strengthening our financial performance. I look forward to continuing our work together to develop and position Hexagon in this next phase of growth,” said Philipp Schramm, CEO, Hexagon Composites. 

For more information:
Berit-Cathrin Høyvik, Senior Director, Communications, Hexagon Composites
Tel: +47 988 92 161, berit-cathrin.hoyvik@hexagongroup.com

About Hexagon Composites ASA
Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transportation and conversion to clean energy in a wide range of mobility and industrial applications. Learn more at www.hexagongroup.com and follow @HexagonASA on LinkedIn.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/hexagon-composites-asa/r/hexagon-composites-asa–eirik-lohre-appointed-permanent-cfo,c4344308

 

View original content:https://www.prnewswire.co.uk/news-releases/hexagon-composites-asa-eirik-lohre-appointed-permanent-cfo-302762250.html

Continue Reading

Technology

LONGPORT Whale Enters Malaysian Market with Next Generation Trading Infrastructure for Local Brokerages

Published

37 minutes ago

on

May 5, 2026

By

LONGPORT Whale, with proven track record across 100+ institutional clients in Asia, makes its Malaysia debut at Bursa Malaysia Stockbroking Trade Fair 2026

KUALA LUMPUR, Malaysia, May 5, 2026 /PRNewswire/ — LONGPORT Whale, a provider of AI-Ready securities trading infrastructure, is making its entry into the Malaysian market at the Bursa Malaysia Stockbroking Trade Fair 2026. The move comes as Malaysia’s Capital Market Masterplan 2026–2030 (CMP4) continues to hone in on local brokerages to modernise core systems, balancing investor experience, regulatory compliance, and operational resilience simultaneously.

Malaysian brokerages are increasingly confronted by a challenge that goes beyond front-end upgrades. Legacy architectures struggle to keep pace with digital-native investor expectations, rising cybersecurity standards, and the demand for multi-market expansion simultaneously. For many such brokerages, the question is no longer whether to modernize, but how to do so without adding complexity or disrupting the business continuity that clients depend on.

Zhong Hua, CEO, LONGPORT Whale, said, “Core trading infrastructure must support continuous evolution — in investor experience, compliance, and AI readiness — without adding unnecessary complexity. The brokerages that lead the next decade won’t be the ones with the best system today; they’ll be the ones whose systems are designed to keep getting better. LONGPORT Whale aims to bring its Asia-proven experience to help Malaysian brokers strike that balance.”

Built on a cloud-native microservices architecture and trusted by more than 100 institutional clients in Asia, Whale’s platform is engineered by industry professionals and refined through years of first-hand operational experience. For the Malaysian market, it addresses four priorities: a best-in-class trading experience validated across competitive, highly regulated markets in Asia; system resilience and performance built for institutional scale, with high system performance and output, real time risk management, and low system latency; global market connectivity spanning Malaysia, Singapore, Hong Kong SAR, US, and Japan without requiring system rebuilds; and an API-first, data-unified architecture that gives brokerages a practical foundation for AI adoption.

Hong Kong SAR and Singapore, where Whale serves online brokers, traditional banking firms, banks and wealth management institutes in a stringent regulatory environment, serve as the primary reference market for its Malaysia expansion. The company said it aims to work with local industry participants as both an infrastructure partner and a contributor to broader conversation on responsible modernization under CMP4.

About LONGPORT Whale

LONGPORT Whale provides integrated securities trading infrastructure to brokers, banks, fund houses, wealth managers, and family offices across Asia. Its cloud-native platform supports multi-market, multi-asset trading across front-, middle-, and back-office workflows, with a deployment model designed for regulatory alignment and long-term scalability. Website: www.longportwhale.com

Media Contact
LONGPORT Whale PR Team
Email: media@longportwhale.com

View original content:https://www.prnewswire.com/apac/news-releases/longport-whale-enters-malaysian-market-with-next-generation-trading-infrastructure-for-local-brokerages-302761411.html

SOURCE LONGPORT Whale

Continue Reading

Technology

Thunes and Vodacom Tanzania Unite to Power Cross-Border M-Pesa Payments Across China and Uganda

Published

37 minutes ago

on

May 5, 2026

By

Collaboration revolutionises trade & financial convenience for Tanzanian merchants and consumers

SINGAPORE, May 5, 2026 /PRNewswire/ — Thunes, the Smart Superhighway to move money around the world, has joined forces with Vodacom Tanzania, the country’s leading telco company, to transform cross-border trade and digital financial inclusion with Vodacom’s new M-Pesa Global Payment solution. Thanks to the collaboration, Vodacom customers in Tanzania can now seamlessly pay merchants in Uganda and China directly from their mobile phones.

This milestone solution responds to growing demand from Tanzanian traders who engage in commerce with Ugandan and Chinese markets but often face challenges with costly, slow, and insecure payment methods. With this innovation, leveraging the Thunes Direct Global Network, Vodacom aims to bridge those gaps, offering secure, real-time digital payments across borders and reinforcing its leadership in mobile money innovation in Africa.

The solution supports trade with two key markets for Tanzania. For eight consecutive years, China has been Tanzania’s largest trading partner, with bilateral trade hitting $8.8 billion in 2024. In the same year, bilateral trade between Tanzania and Uganda reached approximately $2.23 billion, an increase of 64% on the previous year.

Epimack Mbeteni, M-Pesa Director at Vodacom Tanzania said: “This is more than just a payment feature, it is a catalyst for economic empowerment and a gateway for small and medium businesses and entrepreneurs in Tanzania to compete and thrive in regional and global markets. Through Thunes’ expansive and trusted Network we are enabling seamless, secure, and affordable cross-border payments that empower people, fuel trade and place M-Pesa at the center of Africa’s digital commerce future.”

Through Thunes’ Direct Global Network, customers can now send payments to merchants in Uganda using MTN MoMo and to Chinese merchants through the Alipay network, all through the M-Pesa USSD menu or the M-Pesa Super App. The process is secure, user-friendly, and eliminates the burden of traditional banking barriers for everyday traders and businesses.

Dawei Wang, SVP Network at Thunes, added: “Vodacom Tanzania joining the Thunes Direct Global Network to digitise cross-border payments is a game changer for local businesses. By combining Vodacom’s technology with Thunes’ trusted and proprietary Network, Tanzanian customers can pay partners in China and Uganda in real time. This innovation accelerates interoperability along with international trade and business growth and supports our vision of connecting the next billion end users to the global economy.”

This initiative stands as a strategic enabler for consumers and micro, small, and medium enterprises (MSMEs) who need reliable and quick financial tools such as mobile money. A 2025 GeoPoll survey on Tanzania Financial Services and Usage found that 94% of the survey’s respondents use mobile money.

The Thunes and Vodacom Tanzania alliance is set to transform the lives of millions of consumers by dismantling cross-border barriers. By hyper-connecting Tanzania to global powerhouses like China and streamlining intra-African trade, the collaboration is helping to build an inclusive economy and grow Tanzania’s role as a force in the global market.

About Vodacom Tanzania

For more information, visit: https://www.vodacom.co.tz/

About Thunes

For more information, visit: https://www.thunes.com/

Logo – https://mma.prnewswire.com/media/2831061/Thunes_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/thunes-and-vodacom-tanzania-unite-to-power-cross-border-m-pesa-payments-across-china-and-uganda-302760085.html

Continue Reading

Trending