VIE Technologies Selected Gold Winner of 2020 Edison Awards

SAN DIEGO, April 1, 2020 /PRNewswire-PRWeb/ -- The Edison Awards winners were announced on March 25, 2020. The Prediction-as-a-Service solution by VIE Technologies Inc. was presented with the Gold Award for Sustainable IOT in the Energy & Sustainability category. VIE Technologies was chosen as a winner by a panel of over 3,000 leading business executives from around the world.

The Edison Awards have recognized and honored some of the most innovative new products, services and business leaders in the world since 1987. Award winners represent "game changing" products and services, as well as excellence and leadership in innovation around four criteria: Concept, Value, Delivery, and Impact.

"The Predictive Maintenance solution by VIE Technologies is recognized by the Edison Awards for their low-cost leadership in IIoT and for the speed of identifying machine defects before systems go down. In the world of Big Data, the VIE Technologies solution reduces the need for processing and storing heavy data, allowing their clients to select the most cost effective, scalable, and efficient transport method suited for each use case." Frank Bonafilia, Executive Director - Edison Awards.

"We are delighted and honored to receive the Gold Edison Award for Energy and Sustainability. Our team is committed to provide unprecedented visibility into, and accurate guidance for, the mechanical state of industrial and commercial machines. The result is a new level of efficiency and effectiveness with dramatically reduced unplanned downtime, increased asset life, and improved governance. This prestigious recognition signals our passion for delivering sustainable value through excellence and innovation." ? Rahul Chaturvedi, CEO ? VIE Technologies Inc.

About VIE Technologies Inc.: VIE Technologies is a provider of industrial IOT solutions for the prognosis of mechanical degradations in rotating equipment. Their Prediction-as-a-Service solution enables organizations to enhance operational readiness through effective management of critical mechanical assets. For more information visit VIE Technologies Inc., Linkedin/VIE_Technologies

About the Edison Awards: The Edison Awards is the world's most revered Innovation Award dedicated to recognizing and honoring the best in innovation and innovators since 1987. For more information about the Edison Awards complete program and a list of past winners, visit Edison Awards.

SOURCE Vie Technologies