Equipment reliability firms form strategic partnership
Toronto, ON -- A new partnership, which has been formed between two equipment reliability companies, will reduce in...
Toronto, ON — A new partnership, which has been formed between two equipment reliability companies, will reduce inspection and maintenance costs to industry by up to 30%.
The partnership is between Imes Group of Aberdeen, Scotland, and Optimal Maintenance Decisions Inc. (OMDEC) of Toronto. It brings together Imes global network of facilities in the U.K., U.S.A., Europe and Australia, providing risk and reliability based asset integrity management services and OMDECs advanced equipment reliability technology.
The partnership builds on the success of contracts for government and industry that have delivered significant improvements to equipment reliability, productivity and safety.
Melfort Campbell OBE, managing director of Imes, said By combining OMDECs advanced technology with Imes proven track record in risk and reliability-based asset integrity management, we can further improve our clients ability to guarantee equipment availability, enhance productivity and improve end-user satisfaction.
Ben Stevens, president of OMDEC, said Imes current leadership role in the asset integrity arena, combined with OMDECs solutions and experience in failure prediction, will make a powerful combination in improving equipment reliability and maintaining customer profitability.
“We are dedicated to applying intelligent Return on Investment principles to asset management and see Imes as a natural fit to partner and better serve the needs of our clients, Stevens added.
Both Imes and OMDEC use a knowledge-based approach to risk and reliability assessment and the partnership will build on the synergies between Imes service solutions and OMDECs software to improve the consistency and reliability of both existing and new clients operating equipment. It will also optimize clients’ inspection and maintenance costs.
The companies have already worked together on a number of contracts and now plan to target a wider range of businesses whose productivity is dependent on equipment reliability.
Imes has over 20 years experience of providing asset integrity management services to the defence, nuclear, oil and gas and transport industries, ranging from risk and reliability studies, through design and certification consultancy services, to full asset management of high-risk, high-value equipment. In addition, Imes is recognized for its patented Water Weights load-testing product and for the provision of innovative and tailor-made load measurement solutions in hostile environments.
As part of its equipment reliability focus, OMDEC develops and markets Exakt, a maintenance decision solution developed at the University of Toronto. Exakt employs Proportional Hazard Modeling to extract critical operating and maintenance knowledge to help users predict and avoid equipment failure and thus assure continuity of operations and mission readiness.