Aberdeen-based controls technology leader Proserv has signed a memorandum of understanding (MoU) with UK based start-up company Ortomation, it said on August 11. The tie-up is intended to fund the development and marketing of real-time optimisation (RTO) software.
Proserv’s in-house software application expertise will assist Ortomation in taking its technology from prototype to a marketable industrial RTO product.
Effective RTO can improve performance by up to 5%, targeting production and yield increases and greater energy efficiency.
Proserv’s Vice President, Digital Innovation Stuart Harvey said: ”Nurturing technology partnerships and collaboration is part of our Proserv identity as we continually seek to solve industry’s biggest challenges, particularly ones where others have failed.”
Ortomation’s CEO Paul Oram said: “We are extremely excited to be working with Proserv and truly believe our partnership will deliver a game-changing technology for all across the process industry.”