The year 2024 marked a major turning point for TeepTrak, strengthening our position as European leader thanks to ever more innovative solutions for optimizing production processes. Buoyed by the unwavering commitment of our teams and the confidence of our customers, we have made significant advances that will go down in our history.
Innovations at the heart of our strategy:
Our platform has been enhanced with a 2nd Machine Learning algorithm, designed to detect anomalies in real time and predict failures before they occur. This is a tool dedicated to anomaly identification, bringing significant added value in a variety of fields such as predictive maintenance, process monitoring, and many other situations where a variation in value, rpm or frequency can indicate a potential problem. This anomaly detection and process optimization technology enables your teams to pinpoint anomalies in record time, enabling you to implement strategies to improve your processes.
We have also taken the next step by integrating the OPC UA standard into our solutions. This advance enables us to offer enhanced connectivity, optimal security and unrivalled flexibility for optimizing industrial processes. Thanks to the integration of OPC UA into our PerfTrak solutions, our customers now benefit from extended connectivity with all OPC UA-compatible machines directly from our platform.
In the course of the year, we introduced a new version of our tablet. The TeepTrak V3 quickly won over our customers thanks to its robustness, intuitive interface and advanced connection capabilities. In the field, it has become an essential ally in improving your industrial performance, while adapting to all types of environment, even the most demanding.
To complete our offer, we present our brand new virtual assistant, an intelligent sculpin, available from the end of this year! It can answer all your questions. Whether you need to solve a technical problem or obtain information on our products or services, the chatbot will be ready to answer your questions 24/7. Our chatbot’s aim is to provide you with an ever more fluid, intuitive and personalized customer experience.
At the same time, we have continued to innovate and develop our four core solutions: PaceTrak, ProcessTrak, QualTrak and MoniTrak. Thanks to a host of new tailor-made features, we can offer you an ever more effective suite of tools to optimize every link in your production chain. By tailoring our solutions to your specific needs, we support you in your quest for operational excellence.
Further international expansion :
Our innovative solutions, adopted by over 120 groups and deployed in more than 360 plants, bear witness to our expertise in industrial performance optimization. Building on this success, we now aim to further develop our presence in the international industrial performance monitoring market.
With the opening of our Chicago office, we now have a presence in the world’s three major markets. This decisive step marks a new phase in our international growth.
Our ambition doesn’t stop there. We will also be strengthening our presence in China through the development of our subsidiary in Shenzhen, to pursue our growth in the Chinese market. This solid foothold will enable us to better understand the specifics of the Chinese market, and to offer our local customers increasingly tailored support.
New partnerships for a promising future
Our partnerships with TopSolid and SIA Partners enable us to complete our offer and provide our customers with a global, innovative solution.
Our partnership with TopSolid :
We announced our collaboration with TopSolid at the Global Industrie trade fair in Lyon. As part of its commitment to supporting its customers in monitoring the performance of their equipment, TopSolid France has chosen to integrate PerfTrak. This partnership has enabled us to launch TopSolid’Monitor, an offer which will enable our customers to benefit from our solution dedicated to monitoring and improving performance, with the ambition of making it the essential reference in this field.
Our partnership with Sia Partner :
By combining our respective areas of expertise, we offer a global solution for optimizing industrial performance. We provide the data, while SIA Partner leverages this data to support customers in an in-depth transformation of their teams and processes. This partnership enables us to offer you a unique, tailor-made solution that will enable you to meet the challenges of Industry 4.0 and gain in competitiveness.
Our partnership with Sia Partner :
By combining our respective areas of expertise, we offer a global solution for optimizing industrial performance. We provide the data, while SIA Partner leverages this data to support customers in an in-depth transformation of their teams and processes. This partnership enables us to offer you a unique, tailor-made solution that will enable you to meet the challenges of Industry 4.0 and gain in competitiveness.
Sustained growth
The figures speak for themselves:
Expanded global coverage: Our company has achieved new global coverage with three operational subsidiaries serving over 120 customer groups across 30 countries.
An expanding team: Our growth is accelerating, with the integration of a dozen new employees over the past year and the aim of strengthening our team with over 100 new talents by 2027.
Achieving financial equilibrium: For the first time, we have reached our break-even point, giving us all the resources we need to continue developing our solutions and accelerate our growth. On the strength of this financial equilibrium, we are ready to push innovation even further and offer manufacturers ever more effective solutions.
Fund raising: The confidence of our investors, Xange, EDF and in particular our new main investor SHIFT Invest, has resulted in a fund raising of 5 million euros. This financing will enable us to strengthen our presence on the American and Asian markets, while extending our coverage in Europe by opening new offices in the most industrialized countries.
Impact of TeepTrak Solutions on Customer Productivity
Our solutions have proven their effectiveness, enabling our customers to achieve substantial productivity gains. They significantly reduce downtime, optimize production cycles and improve product quality. They also offer a high degree of responsiveness to market trends, and help to reduce energy consumption and environmental footprint. Our solutions guarantee a return on investment in less than 6 months, and a tangible increase in our customers’ productivity.
Nutriset testimonial: 11% improvement in OEE in 8 years
A concrete example of these benefits is Nutriset, a leading producer of nutritional products, which recently agreed to share its feedback on the impact of TeepTrak solutions in optimizing its industrial performance. In the space of eight years, the company recorded a significant 11% increase in its synthetic yield rate (SRR), a result that bears witness to the effectiveness of our technology.
Our outlook for 2025
At TEEPTRAK, our goal for 2025 is to continue our mission to support the digital transformation of manufacturers by implementing new functionalities, new integrations and cutting-edge innovations designed to optimize your production processes. We aim to always go further and continue to position ourselves as a global player in Industry 4.0 thanks to our ever more innovative solutions.
We firmly believe that the industry of the future depends on advanced process optimization and intelligent data exploitation. We are committed to innovation and development to meet tomorrow’s industrial challenges, as a key player in industrial optimization.
We would like to thank all our customers, partners and collaborators who, through their trust and support, have enabled us to get this far. Together, we’re writing the next pages in the history of the industry, innovating, adapting and pushing back the boundaries of what’s possible, and making your company a benchmark to be reckoned with.
Watch a video of our most memorable moments this year:
https://www.youtube.com/watch?v=5BZCypEwVkQ
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