Schneider Electric and France Telecom launch services for industry
Schneider Electric, world leader in Power and Control and France Telecom, world telecommunications leader, have announced that they are to work together to provide services with high added value for the industry market. They are to form a joint venture, with a global scope, called Senside. Its Remote Monitoring & Diagnostic offering will mainly target OEMs.
The race for productivity and the growing complexity of manufacturing equipment has led OEMs to shoulder increasing responsibility for the entire life-cycle of their machines. More than ever, they have to strive to reduce maintenance costs and improve machine performance.
Senside will provide OEMs with the means to communicate with their machine while in operation, enabling them to monitor critical productivity indicators, such as output, availability and down time so that they can anticipate drifts, deal more effectively with breakdowns and even prevent them through predective analysis.
Senside will herald a new kind of relationship between OEMs and machine operators based on cooperation. Operators will no longer have to face challenges such as productivity, ouput and machine availability alone. With Senside, they can find the solution to all these problems.
Senside will provide OEMs, which serve global markets and export up to 80% of their production, with an unprecedented offering of know-how and resources, resulting from information technology applied to the specific requirements of the industrial world.
Senside intends to help OEMs optimize their operating account by reducing costs and boosting their sources of service-generated revenue.
« Senside is a simple, comprehensive and unprecedented offering whose ambition is to become a global standard in a market worth tens of billions of dollars by the year 2006. Other partners from the industrial sector could join us in the coming months. They would provide complementary offerings, know-how and market access », said Eric Le Guern, Vice-President of Senside.
For Schneider Electric, the creation of Senside ties in with its innovation strategy which aims to facilitate cooperation between its different customer bases. The group will be contributing its expertise in the field of machine automation and industrial networks, as well as its intimate knowledge of OEMs and their end users, whose objectives are the same : to ensure the reliability and optimization of operating equipment.
France Telecom, which has taken this opportunity to extend its offering for industrial groups, will provide, through its subsidiary EQUANT, a panel of comprehensive telecommunications solutions, including a global « seamless » network unique in the world, as well as the associated guarantees of performance, quality and security. The group will also provide its expertise as regards remote monitoring and Internet technologies.
> About France Telecom :
France Telecom is one of the world's leading telecommunications carriers, with over 88 million customers on the five continents (220 countries and territories) and consolidated operating revenues of 33.7 billion euros for 2000 (31.6 billion at September 30, 2001). Through its major international brands, including Orange, Wanadoo, Equant and GlobeCast, France Telecom provides businesses, consumers and other carriers with a complete portfolio of solutions that spans local, long-distance and international telephony, wireless, Internet, multimedia, data, broadcast and cable TV services.
France Telecom is the second-largest wireless operator and the number three Internet access provider in Europe, and a world leader in telecommunications solutions for multinational corporations. France Telecom (NYSE: FTE) is listed on the Paris and New York stock exchanges.