REYKJAVIK, ICELAND – Jul 20, 2022
DTE (www.dte.ai), the leader in real-time intelligence from liquid metals, will be supported by EIT Manufacturing, the largest innovation community in the manufacturing industry in Europe, to continue contributing to circularity and Industry 4.0 in the metals industry.
DTE is a pioneer in innovation for metals intelligence with a breakthrough solution to safely analyze the chemical composition of liquid metals continuously and in real-time. This innovation enables customers to generate predictive intelligence from their data, supporting critical decisions during the metals production process to maximize sustainability, efficiency, safety, and value.
Traditionally, chemical composition analysis is performed at regular intervals by human intervention; DTE’s solution eliminates waiting times for test results and make the overall analysis process safer by removing the associated risks with human sampling. Continuous checks also increase precision and enable recycled materials to be incorporated as a larger part of the smelt. For the first time, EIT Manufacturing’s support will contribute to serving the customers that DTE has and to expanding IREAS, DTE’s metals intelligence solution, into new metals and materials.
“DTE is a very good example of how technology and innovation, combined with a strong team, contributes to efficiency, value and sustainability,” commented Kaitlin McGovern, Senior Program Manager at EIT Manufacturing, “At EIT Manufacturing we believe in supporting companies like DTE, not only to foster innovation and growth but also to contribute to a greener, safer and more efficient manufacturing industry.”
“We are thrilled to have been selected to receive the advice and financial support from EIT Manufacturing,” commented Diego Areces, CEO of DTE, “This is a testament of our customers’ trust in our team’s drive as well as the European manufacturing community. We look forward to working together with the EIT Manufacturing stakeholders to continue contributing to a circular metals industry and to the development of the advanced materials of the future by generating unique data and intelligence out of the chemical composition of liquid metals.”
EIT Manufacturing is the largest innovation community of the European manufacturing industry, which works specifically with the aim of Europe leading innovation and promoting the development of a sustainable and competitive industry. This community, which is part of the European Institute of Innovation and Technology (EIT), an organization of the European Union, brings together emerging companies, SMEs, and innovative European corporations in the manufacturing sector to promote joint commercial activities. Through specific programs, EIT Manufacturing supports startups through different services such as access to markets, financial investment and advice. Since 2021, this support has resulted in more than 300 connections between startups and corporates and active support to around 80 start-ups. EIT Manufacturing’s supported companies have received more than €10.5 million in investments since 2021.
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About DTE
DTE, Unlocking the Future of Metals™, is the leading innovator in real-time intelligence from liquid metals, serving customers across the metals production and manufacturing value chain through maximizing value, sustainability, safety, and efficiency for all stakeholders.
DTE’s purpose is advancing human progress with greener, safer, more efficient, and more valuable metals, contributing to the 1.5-degree challenge while driving its digital transformation towards Industry 4.0 with the next generation of IIoT analysis technology. DTE provides tangible financial and environmental business outcomes from the plant floor to the business levels through valuable intelligence and predictive insights from liquid metals.
For more information, please visit www.dte.ai
About IREAS™
IREAS™, DTE’s unique, connected, real-time intelligence from liquid metals solution seamlessly integrates IT and OT, combining chemical composition analysis from molten metals based on liquid-phase laser-induced breakdown spectroscopy (LP-LIBS™) with an artificial intelligence-based analytics platform and digital metals intelligence services.
IREAS™, DTE’s Intelligent Real-Time Elemental Analysis System is the first on-market solution replacing manual sampling of cooled solid samples with autonomous reference grade compositional analytics in real time from high temperature metal. Based on DTE’s proprietary LB-LIBS™ technology, IREAS uses laser induced breakdown spectroscopy to reads the precise composition of the liquid metal surface. It reduces the wait time for compositional data from hours to seconds, enabling this data to be incorporated in real time and predictive process control, while improving the safety of human operators by distancing them from the hot metal.
For more information, please visit www.dte.ai
About EIT Manufacturing – Making Innovation Happen!
EIT Manufacturing is supported by the European Institute of Innovation and Technology (EIT), a body of the European Union. It is one of eight innovation communities within EIT. EIT Manufacturing’s main goal is to bring European stakeholders focused on manufacturing together in innovation ecosystems that add unique value to European products, processes, and services and inspire the creation of globally competitive and sustainable manufacturing. EIT Manufacturing brings together more than 70 members (universities, research institutes, and businesses).
The European Institute of Innovation and Technology (EIT) strengthens Europe’s ability to innovate by powering solutions to pressing global challenges and by nurturing entrepreneurial talent to create sustainable growth and skilled jobs in Europe. The EIT is an EU body that is an integral part of Horizon Europe, the EU Framework Programme for Research and Innovation. The Institute supports the development of dynamic pan-European partnerships – EIT Knowledge and Innovation Communities – among leading companies, research labs, and universities.
More information at www.eitmanufacturing.eu
Contact Information
Diego Areces, CEO
DTE ehf.
diego.areces@dte.ai
Tel: (+354) 698 0173
Forward-Looking Statements
This press release may contain certain forward-looking statements concerning the financial condition, results of operations and businesses of DTE (“the Company). All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those expressed or implied in these statements. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of this presentation. The information in this presentation is subject to updating, completion, revision, further verification, and amendment without notice and the Company does not undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information.
“We are delighted to have been selected to receive this award from the European Innovation Council,” commented Diego Areces, CEO of DTE, “The EIC’s expert assessment process further validates and endorses the huge potential of IREAS, our metals analytics and intelligence solution both to add value and improve the sustainability of the metals industry. Today, producers and manufacturers are stuck with outdated methods for measuring and incorporating analysis of metals which hinders their process control and ultimately, ability to innovate. Our first-in-industry solution generates real time compositional data and intelligent process decision support from liquid metals, contributing to EU competitiveness, accelerating materials innovation, and helping energy intensive industries to decarbonize. This grant will enable us to advance our solution for aluminium smelter potrooms where we have already demonstrated the ability enhance predictive maintenance, with the potential to save billions of dollars per year in avoidable costs.”
