GRAND RAPIDS, Mich. and
PEORIA, Ill., June 18, 2015 /PRNewswire/ -- To help
customers around the world optimize parts performance and further
understand the health of their equipment, Caterpillar Inc. (NYSE:
CAT) has entered into a strategic alliance with Modustri, a
provider of service and measurement technologies for use in the
field. Caterpillar and Modustri will work together to
develop innovations that enhance
Cat® customers' abilities to measure wear on parts like never
before. In turn, these technologies will help customers optimize their fleets more effectively.
"Our parts monitoring and management tool has been a leader in
the equipment management industry for 75 years, but we're always
looking for ways to step up our game," said Doug Hoerr, vice president of the Reman,
Components and Work Tools Division of Caterpillar. "Our
relationship with Modustri will allow us to take advantage of
emerging technology that gives our customers more information on
parts and components to maximize uptime. The days of being reactive
are over."
By utilizing web-based and mobile platforms, the companies will
deliver simplified processes that provide customers accurate,
immediate access to useful, real-time data while still in the
field. This technology could save customers hundreds of hours and
millions of dollars by proactively helping Cat dealers and
customers better measure wear rates and manage wear parts
replacements -- including those from other suppliers.
"We've seen how mobile technology can change the behaviors of
customers; now we can see groundbreaking hardware and software that
can help dealers interact with customers, build trust and plan
ahead for maintenance and parts replacements," said Brian Steketee, founder and CEO of Modustri,
which is based in Grand Rapids,
Michigan.
"We are at the forefront of a revolution in the heavy equipment
industry," said Greg Folley, vice
president of the newly formed Analytics & Innovation Division
of Caterpillar. "Emerging technologies are changing the way we can
help customers maintain a competitive advantage and achieve new
levels of equipment productivity and profitability. Our alliance
with Modustri will be key in making this happen."
In the coming months, Caterpillar will collaborate with Modustri
and the Cat dealer network to create the latest Cat equipment wear
management technologies through web-based and mobile platforms,
which will now be available for customer use.
About Caterpillar
For 90 years, Caterpillar Inc. has
been making sustainable progress possible and driving positive
change on every continent. Customers turn to Caterpillar to help
them develop infrastructure, energy and natural resource assets.
With 2014 sales and revenues of $55.184
billion, Caterpillar is the world's leading manufacturer of
construction and mining equipment, diesel and natural gas engines,
industrial gas turbines and diesel-electric locomotives. The
company principally operates through its three product segments -
Resource Industries, Construction Industries and Energy &
Transportation - and also provides financing and related services
through its Financial Products segment. For more information, visit
caterpillar.com. To connect with us on social media, visit
caterpillar.com/social-media.
About Modustri
Modustri is the inventor and developer of innovative, field
technology products for industries with stringent requirements for
precision measurements and inspection data. The Michigan-based company's
first-to-market, mobile hardware-software suite is an
upgrade to previous methods of providing the heavy equipment
industry with a streamlined system for measurement and data
collection. Modustri's products utilize web-based and mobile
platforms to deliver simplified processes, sharp accuracy and
immediate access to useful, real-time data while still in the
field. For more information, or to schedule a demo, visit
modustri.com.
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SOURCE Modustri