SAN RAMON, CALIF. – June 7, 2019 – GE Digital (NYSE: GE) and Wabtec (NYSE: WAB) today announced a multiyear agreement to continue commercialization of value-add applications such as Predix Operations Performance Management (OPM) and Predix Asset Performance Management (APM) solutions, with a primary focus on the mining domain. The agreement builds on the successful collaboration between GE Digital and GE Transportation, now a Wabtec company, where the businesses have seen momentum in their efforts to help mine sites connect people, process, and technology in key regions such as South Africa and Australia.
“The Internet of Things (IoT) space is heavily an ecosystem-based engagement for mining companies – involving hardware, cloud platform players, analytics and OEMs,” explained IDC analyst Emilie Ditton. “For the technology providers that are delivering capabilities across that ecosystem, and for the mining companies, fostering and maintaining those ecosystem relationships is a critical part of successfully delivering IoT capabilities that are able to deliver value for customers.”
Maintaining their shared commitment to customers, the agreement between GE Digital and Wabtec provides for continued support of GE Transportation’s existing mining installed base, delivering quantifiable business outcomes for current users while opening doors for additional APM and OPM-driven opportunities with new customers across the mining value chain.
“One of the highlights of this agreement is the exceptional mining-specific content we will be able to build into our applications,” said Gerald Jackson, GE Digital VP of Product Management for Operations Performance Management. “Through our partnership and shared expertise, we will continue to develop our mining analytic blueprints for OPM and APM, which will deliver significant time to value improvements across the mining space.”
GE Digital and Wabtec expect to see substantial growth in the mining industry over the coming years, particularly as more and more customers sign on for additional OPM and APM cloud services.
“As an industry, mining must drive productivity and improve operational savings to overcome market headwinds,” said Doug Hanson, Wabtec’s VP & General Manager, Digital Mine. “The Wabtec and GE Digital partnership brings together decades of mining vertical expertise with best-in-class OPM and APM software development practices, which is precisely the kind of collaboration needed for this incredibly dynamic space.”
About GE Digital
GE Digital is reimagining how industrials build, operate and maintain their assets, unlocking machine data to turn valuable insights into powerful business outcomes. GE Digital’s Predix portfolio – including the leading Asset Performance Management, Automation and MES applications – helps customers manage the entire asset lifecycle. Underpinned by Predix, the leading application development platform for the IIoT, GE Digital enables industrial businesses to operate faster, smarter and more efficiently. www.ge.com/digital.
Wabtec Corporation is a leading global provider of equipment, systems, digital solutions and value-added services for freight and transit rail. Drawing on nearly four centuries of collective experience across Wabtec, GE Transportation and Faiveley Transport, the company has unmatched digital expertise, technological innovation, and world-class manufacturing and services, enabling the digital-rail-and-transit ecosystems. Wabtec is focused on performance that drives progress, creating transportation solutions that move and improve the world. The freight portfolio features a comprehensive line of locomotives, software applications and a broad selection of mission-critical controls systems, including Positive Train Control (PTC). The transit portfolio provides highly-engineered systems and services to virtually every major rail transit system around the world, supplying an integrated series of components for buses and all train-related market segments that deliver safety, efficiency and passenger comfort. Along with its industry-leading portfolio of products and solutions for the rail and transit industries, Wabtec is a leader in mining, marine and industrial solutions. Wabtec has approximately 27,000 employees in facilities throughout the world. Visit the company’s new website at: www.WabtecCorp.com.
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