Yes indeed. But I wouldn't be surprised to find the procurement...

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hopalongpetrovski

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30/04/24

14:51

Post #: 73585713
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Originally posted by MarketingMan ↑

Space is sexy, but very low volume. Industrial sensors is where the action is.

Of all the markets that Akida could be applied to, this is the one I find most exciting. Why?

Volume: 60% of electricity generated globally is used to drive electric motors. In Australia alone roughly 250,000 new electric motors are sold each year (replacement or for new applications) and that doesn't include electric motors that arrive already packaged in machinery.

Each electric motor has two bearings and windings. These are easily monitored for unique changes in vibration or electric characteristics that could indicate future failure modes.

Industrial electric motors drive gearboxes, compressors, blowers, conveyor belts, lifts, cranes, mineral processing equipment, and countless other heavy machinery critical for manufacture. All have numerous bearings drive couplings, belts, chains and gearboxes - all potential points of failure that could be monitored for vibration/noise that could indicate impending failure hours, or weeks before the failure occurs.

Predicative maintenance, reliability engineering, condition monitoring (all under the banner of "Asset Management") is a huge part of industrial processes and is aimed at reducing preventative maintenance costs, while improving reliability, and reducing risk. The biggest trend in Asset Management is digital technologies.

Global giants who specialize in industrial sensors have huge R&D budgets, manufacturing capability, distribution networks, and marketing pushing out millions of industrial sensors into these same markets. Their distribution capability could be best described as a "slippery pipeline" (i.e. they are good at it).

These are big markets, high volumes, and the cost of investing in cost reducing technologies is a no-brainer for large industrial processing plants.

If big license fee income for BRN is going to come from somewhere - this (in my opinion) will be the first source.

Space is sexy, but very low volume - industrial sensors is where the action is.

If you want to get a taste of just how intensive this market is, have a look at this website.
Remtron is one of many Australian Import Technical distributors that represent these global giants.
https://www.remtron.com.au/

IMHO
DYOR

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Yes indeed.
But I wouldn't be surprised to find the procurement manager who decides what product to use for their industrial sensors probably grew up watching Star Trek or one of its iterations and will be no doubt be swayed and impressed that we are already proven in space.
We all want a job on the "Enterprise", just not one wearing a red jumper.
BRN Price at posting: 28.8¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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