LiveTiles gains foothold in US$2.2 trillion manufacturing industry with new AI partnership

LiveTiles ASX LVT manufacturing industry artificial intelligence

Artificial intelligence technology developer LiveTiles (ASX: LVT) has gained a foothold into the US$2.2 trillion manufacturing industry after hooking a strategic partnership with Clean Energy Smart Manufacturing Innovation Institute.

LiveTiles will implement its design and collaboration software to assist Clean Energy with using its current technology to improve communication and productivity.

LiveTiles’ artificial intelligence and bot technology will be used to enrich interactions between workers and machines, and drive smart manufacturing processes.

The partners will focus on reducing complexity and increasing efficiencies by enhancing team collaboration and communication, and pairing workers with individual machines.

Based in Los Angeles in the US, Clean Energy is a public-private partnership which was established to provide enhancements to businesses within the US manufacturing sector.

Enhancements include the ability to rapidly uptake new technology that increases productivity, offer job growth, boost energy efficiency and safety, and reduce time to market.

Via the Smart Manufacturing Leadership Coalition’s investment, Clean Energy has almost 200 partners including Honeywell, General Mills, Arconics, and Johnson & Johnson.

Under its agreement with Clean Energy, LiveTiles will become part of the partnership consortium.

LiveTiles will offer further support in developing more artificial intelligence workplace solutions to simplify machinery and create efficiencies across the supply chain. LiveTiles will also collaborate with other partners to improve “man and machine” interactions using its artificial intelligence.

Clean Energy chief executive officer Jim Wetzel said LiveTiles was a “world leader in collaboration and artificial intelligence software”.

“LiveTiles and Clean Energy Smart Manufacturing Innovation Institute share a common vision and passion for driving the adoption of really smart and cutting-edge technology to drive efficiency and competitiveness,” Mr Wetzel added.

In addition to this latest partnership with Clean Energy, LiveTiles claims it works with some of the largest companies in the world to create intelligent and tailored workplaces.

In early afternoon trade, LiveTiles’ share price was up more than 7% at A$0.44.

Lorna has more than 10 years experience as a finance journalist and editor. She has written for an array of industry publications reporting on various sectors, including: resources, energy, construction, biotech, pharma, science and technology, agriculture, and chemicals. Specialising in resources, Lorna has covered a myriad of small and large cap ASX and dual-listed stocks.