Caterpillar, Modustri to enter monitoring technology collaboration

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Caterpillar Inc. (Cat) and Modustri will enter a collaborative partnership to develop monitoring technology for parts and their wear and tear, Caterpillar announced last week.

The companies will facilitate the development of web- and mobile-based platforms so that operators of Cat vehicles and other forms of equipment can use up-to-the-minute information on the degradation of parts and avoid expensive and time-consuming repairs in the future.

“Our parts monitoring and management tool has been a leader in the equipment management industry for 75 years, but we’re always looking for ways to step up our game,” Doug Hoerr, vice president of the Reman, Components and Work Tools Division of Caterpillar, said. “Our relationship with Modustri will allow us to take advantage of emerging technology that gives our customers more information on parts and components to maximize uptime. The days of being reactive are over.”

According to Cat, this technology will enable fleet managers and operators to be proactive in their maintenance and repair operations. They state that the technology will be available within a few months for Cat customers in the U.S.

“We are at the forefront of a revolution in the heavy equipment industry,” Greg Folley, vice president of the newly formed Analytics & Innovation Division of Caterpillar said. “Emerging technologies are changing the way we can help customers maintain a competitive advantage and achieve new levels of equipment productivity and profitability. Our alliance with Modustri will be key in making this happen."

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Caterpillar Inc. 501 Southwest Jefferson Avenue Peoria, IL - 61605

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