Hovis has partnered with IntelliAM AI to implement advanced AI in its bread manufacturing.
- The AI deployment will occur in three key Hovis sites across the UK, enhancing operational efficiency.
- IntelliAM AI’s technology, valued at over £100,000, promises to optimise asset management and productivity.
- Founded in 2023, IntelliAM AI secured £5m through an IPO and has a market cap of £15m.
- This move follows IntelliAM AI’s recent contract wins, highlighting its growing influence in the industry.
In a significant move to bolster its manufacturing capabilities, Hovis has entered into a partnership with IntelliAM AI, a Sheffield-based AI software specialist. This collaboration aims to integrate cutting-edge AI technology into Hovis’s bread production processes. The advanced AI systems will be deployed in three major facilities located in East London, Nottingham, and Glasgow, ensuring that the operations at these sites benefit from enhanced reliability and stability.
The financial details of the partnership indicate a substantial commitment, with IntelliAM AI’s services projected to exceed £100,000 over a 12-month period beginning next month. IntelliAM AI is renowned for its prowess in developing AI-powered solutions tailored specifically for the manufacturing sector. The software leverages machine learning techniques to optimise industrial asset management, which is crucial for improving productivity and reducing operational costs. By analysing vast amounts of data emanating from machinery—including metrics related to alarms, vibration patterns, oil consumption, and energy usage—the technology addresses challenges such as skills shortages and system compatibility issues, all within the confines of tight budgetary and legal constraints.
Founded in 2023, IntelliAM AI has rapidly established itself as a formidable player in the AI landscape. The company’s initial public offering raised £5 million, facilitating its listing on the Aquis Stock Exchange Growth Market. This financial buoyancy has allowed IntelliAM AI to pursue strategic acquisitions, including the procurement of engineering group 53 North for £5 million, further solidifying its market position with an estimated capitalisation of approximately £15 million.
IntelliAM AI’s recent activities underscore its burgeoning role within the industry. Besides securing the Hovis contract, the firm has successfully negotiated a two-year agreement with an undisclosed alcoholic drinks manufacturer, guaranteeing a minimum valuation of £100,000 annually. Although IntelliAM’s share prices remain unchanged following these announcements, the company continues to gain traction and recognition for its innovative contributions to industrial AI solutions.
The integration of AI technology by Hovis through its collaboration with IntelliAM AI marks a pivotal advancement in modernising bread manufacturing processes.
