Press Release FeedGet the RSS feed
Menu

Business Wire

CORRECTING and REPLACING Waites Strengthens Enterprise Reliability and AI Prescriptive Maintenance Solutions to Optimize Overall Equipment Effectiveness

Business Wire

  • Waites shows strong company momentum with global market expansion and reliability services for prescriptive guidance

  • Reliability collaboration in pulp and paper cut unplanned downtime by 70%

  • Ultrasonic and Time Synchronization product enhancements take manufacturers to the next level of predictive maintenance

CINCINNATI, September 01, 2026--Please replace the release dated August 26, 2026 with the following corrected version due to revision to the third paragraph.

The updated release reads:

WAITES STRENGTHENS ENTERPRISE RELIABILITY AND AI PRESCRIPTIVE MAINTENANCE SOLUTIONS TO OPTIMIZE OVERALL EQUIPMENT EFFECTIVENESS

  • Waites shows strong company momentum with global market expansion and reliability services for prescriptive guidance

  • Reliability collaboration in pulp and paper cut unplanned downtime by 70%

  • Ultrasonic and Time Synchronization product enhancements take manufacturers to the next level of predictive maintenance

Waites Sensor Technologies, Inc. (Waites), the leader in AI-driven and analyst-verified prescriptive maintenance solutions, today announced a strategic series of expanded technology capabilities and solutions to support global manufacturing teams in optimizing overall equipment effectiveness (OEE) in the mission to eliminate downtime for good. These latest advancements underscore Waites' commitment to creating a world where nothing breaks®.

Unplanned downtime continues to cost U.S. manufacturers hundreds of billions annually. According to MaintainX's 2026 State of Industrial Maintenance survey results cited in The Execution Era of Predictive Maintenance: Outlook to 2030, 79% of maintenance teams saw downtime stay the same or increase last year. To change that trajectory, Waites is doubling down on the next level of predictive maintenance by creating prescriptive solutions that close the gap between predictive insights and prioritized action.

Waites analysts helped Domtar, a leading paper, packaging, and diversified forest products manufacturer, reduce mechanical and electrical downtime from approximately 10% to 3% at its modernized Kingsport Mill. Using Waites' AI-powered condition monitoring and collaborative human-in-the-loop approach for early detection, Domtar avoided approximately 1,138 hours of unplanned downtime. These results demonstrate how modern condition monitoring can help manufacturers improve reliability, protect throughput, and build more resilient operations.

"Waites has become a core part of our reliability program," said Matthew A. McLaughlin, CRE, reliability superintendent at Domtar. "Across more than 600 assets, we're consistently detecting vibration-related issues early and addressing root cause issues, avoiding 483 hours of downtime in one year alone."

  1. AutomotiveAITO Looks Ahead to Europe, Building a Thriving Automotive EcosystemPARIS, October 19, 2026--At the 2026 Paris Motor Show, Clifford Kang, Board Member and Vice President of SERES Group, announced that AITO plans to officially enter the European market in autumn 2027, marking another major step in its global development. With deep respect for Europe's automotive heritag
  2. AIHorizon3Horizon3 Expands in Singapore to Accelerate AI‑Native Proactive Security Across Southeast AsiaStrategic investments from EDBI and SG Growth Capital to support regional growth and continuous, evidence‑based cyber resilience SINGAPORE, October 19, 2026--Horizon3, the AI-native proactive security leader, today announced a strategic expansion in Singapore, supported by new investments from EDBI and
  3. Flashlight Capital Partners Pte. Ltd.Flashlight Capital: Owner Family Is Sucking Choco Pie Maker Orion DryOwner family takes 1.7x per share what other shareholders get, with no board seats Cash is nearly half of market cap, yet the dividend yield is only 2.8% A "textbook K-discount": a low share price cuts the owner family's inheritance tax New 3% rule gives non-family shareholders over 90% of votes in audit committee electio
  4. FinanceFaraday Future Intelligent Electric Inc.Faraday Future Founder and Global CEO YT Jia Shares Weekly Investor Update: FFR to Hold Listing Ceremony and First Investor Day at the Nasdaq Tower on Oct. 26; Three New Robotics Product Offerings LaunchedOn October 26, FFR will hold its listing ceremony and first Investor Day at the Nasdaq Tower in New York, where the management team will share more about its strategy and business plans, more details to follow soon. Two new EAI Devices launched including FF Nova—America's first entry-level EAI humanoid robot under $2,500,
  5. Biotech & pharmaNatera, Inc.ESMO 2026 Presentations Deepen the Evidence Base for Natera’s Oncology Portfolio and Leadership in Ultrasensitive MRD TechnologyNatera and its collaborators will present 20 abstracts, including 4 rapid oral presentations Signatera ™ Genome with Phased and Structural Variants, which has achieved detection below 1 part per 10 million and an LOD95 of 1 part per million, will be featured in Natera's ESMO program AUSTIN, Texas, October 18, 2026 --( BUS
  6. HealthcareIncyteIncyte to Highlight Key Oncology Data Presentations at the European Society for Medical Oncology (ESMO) Congress 2026Companies: IncyteFour rapid oral presentations at ESMO will feature new data for INCB161734, a KRAS G12D inhibitor, and INCA33890 1 , a TGFβR2×PD-1 bispecific antibody Both investigational therapies are being evaluated in ongoing Phase 3 programs Incyte will host an investor event and webcast on Monday, October 26, 2026 from 7:30 – 9:00 C