Made-in-Canada maintenance software assesses financial risk tooMaterials and Manufacturing Ontario (MMO) has created a new spin-off company which will help improve the industrial performance and compe...
Made-in-Canada maintenance software assesses financial risk too
Materials and Manufacturing Ontario (MMO) has created a new spin-off company which will help improve the industrial performance and competitiveness of Canadian manufacturers. Optimal Maintenance Decisions (OMDEC) will commercialize a new software tool that predicts and avoids equipment failures. This new optimizing technology, EXAKT, which enhances the accuracy of equipment failure predictions, was created at the University of Toronto’s CBM (condition based maintenance) Lab.
Developed by Dr. Andrew Jardine at the University of Toronto, EXAKT evaluates the economic consequences of equipment failures and preventive maintenance. The methodology incorporates a statistical technique to extract useful knowledge from available data records and create a model that can be integrated into maintenance management systems. EXAKT generates optimal maintenance decisions by processing new condition and events data and builds a financial formula to assess overall risk of failure.
Three-in-one grease keeps equipment running
Petro-Canada has launched “Three-in-one Protection” Precision Grease, a line of high-performance multi-application greases that have been shown to outperform competitive products in three essential areas — improved resistance to water wash out, longer life under extreme conditions and superior shearing protection.
“Companies are pushing their equipment to work harder, faster and hotter but conventional greases are not keeping pace with increased performance demands,” says Colleen Flanagan, category manager, Petro-Canada.
“Three-in-one” Precision Grease is available in EP1, EP2 and Gold grades. It is manufactured using the patented HT purity process, which produces 99.9% pure crystal-clear base oil. The elimination of the impurities which hinder conventional oils, along with specialty additives, allows Precision Grease to deliver maximum performance.