15th Oct 2013 08:02
LONDON (Alliance News) - Real-time location intelligence solutions provider, Ubisense Group PLC, Tuesday said it has been selected as a supplier to a global automotive original equipment manufacturing (OEM) for its factories in the US.
Although Ubisense did not name the firm, it said initial orders valued at more than USD0.5 million have been placed for implementations in two plants, while the full project contract is estimated to have a multi-million dollar value over the length of its three year rollout programme.
The scope of supply includes the recently launched Smart Factory System installed across multiple facilities.
Ubisense' says it Smart Factory System improves productivity in discrete manufacturing by providing real-time visibility for a smarter production flow.
The stock was trading at 212.00 pence Tuesday morning, up 2.00 pence or 1.0%.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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