Official Press Release
Ecoplant brings its IoT, AI-powered monitoring and control system for industrial plants to U.S. factories, improving energy efficiency and equipment uptime
Kibbutz Gevim, Israel, August 2020 – Ecoplant, a leading provider of industrial IoT solutions for optimizing compressed air systems, partners with Atlas Machine & Supply Inc, a Kentucky-based distributor and service provider of industrial air compressors and related products, to bring Ecoplant’s advanced technology to U.S. factories. Armed with 8 million USD raised as part of a Series A funding round, Ecoplant aims to help companies become greener and produce more effectively.
Ninety percent of factories use air compression, but they often experience drops in pressure, air leaks, and equipment breakdowns, as well as significant loss of time and money in delayed response and unplanned production downtimes. According to the U.S. Department of Energy, 50 percent of the energy for air compression is wasted due to leaks and other inefficiencies, costing companies hundreds of thousands of dollars per factory every year.
Ecoplant’s SaaS solution continually monitors and dynamically controls air compressors through a connection to their controllers and pipeline sensors. The solution enables managing either individual compressors or the entire system under changing conditions, such as shifts in production and compressed air consumption. The predictive Artificial Intelligence (AI) engine uniquely optimizes energy consumption, offering up to 30 percent in energy saving and reducing unplanned production downtimes by 50 percent.
Ecoplant’s solution is system-agnostic, meaning it can integrate with any compressor’s technology or brand. As such, the solution is compatible with more than 100,000 factories in the U.S. and Europe. This partnership with Atlas Machine gives Ecoplant access to more than 3,000 factories across the Midwest. Currently, Ecoplant’s system is deployed in a few dozens of factories in the USA, Europe, and the Middle East and services leading brands such as Ecolab, Danone/Strauss, Nestle, Sano, Polycad and Elbit, among others.
“We are thrilled to be partnering with Atlas Machine,” says Aviran Yaacov, CEO, and Co-founder of Ecoplant. “With their team’s deep experience in the US compressed air market, extensive network, and comprehensive offering, Atlas stands as an ideal partner for us. While we are starting with compressed air, our vision is to move into chillers and pumps, as well as offer a full suite of utility resource planning tools.”
“Partnering with Ecoplant is an exciting opportunity for us,” says Richard Gimmel III, President of Atlas Machine. “Compressed air is a critical, and often overlooked, aspect of every manufacturing facility. Ecoplant’s IoT solution combined with Atlas’s decades of experience in compressed air provides an opportunity to solve the emerging challenges of the industry in new ways. We really do see this product as becoming a staple in each and every manufacturing facility in the future.”
Ecoplant has developed a SaaS solution that connects to air compressors’ controllers and property sensors to monitor and continuously optimize the entire system. Using predictive AI algorithms, Ecoplant conducts ongoing energy surveys and dynamically controls each compressor and the whole system, to significantly reduce energy waste, increase reliability, and optimize maintenance. This enables continuous savings of hundreds of thousands of dollars annually. Ecoplant’s proprietary algorithms can also be applied in settings such as hospitals and commercial buildings, as well as critical infrastructure equipment like pumps and chillers.
About Atlas Machine & Supply, Inc:
Atlas Machine is a 4th-generation family-owned and operated business based in Kentucky, with 8 locations across the Midwest. Atlas is the authorized distributor for Sullair compressors in Kentucky, Indiana, Ohio, and Tennessee. Atlas designs, repairs, and remanufactures complex equipment and components for industry and municipalities. Atlas is a leading supplier of industrial air compressors, related products, and a full-service machine shop. Atlas serves virtually all industries, from steel and aluminum, oil and marine, to automotive, food and beverage, mining, construction, off-highway, and general manufacturing.
Aviran Yaacov, Co-Founder and CEO
Moti Yaacov, COO
Yaron Harel, CTO