March 11-14, 2024   |   Atlanta, GA

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MHI

MHI is an international trade association that has represented the material handling, supply chain, and logistics industry since 1945. MHI members include material handling and logistics equipment and systems manufacturers, integrators, consultants, publishers, and third party logistics providers. Member companies come from all areas of material handling and various parts of the world, making MHI a strong national and international representative for the material handling and logistics industry. Much of the work of the industry is done within its product specific Industry Groups. The association sponsors trade events, such as ProMat and MODEX to showcase the products and services of the industry and to educate manufacturing, distribution and supply chain professionals on the productivity solutions provided through material handling, logistics and related activity.

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Innovation Awards

Summary of Innovation

TDK Trusted Positioning introduces VENUE, a groundbreaking solution revolutionizing real-time indoor positioning and analytics for large venues. VENUE excels in its unique blend of innovation and practicality, targeting expansive indoor spaces to balance cost with high performance.

Innovation Statement

1. Advanced Indoor Positioning: VENUE sets a new standard with continuous average position accuracy of 1–3 meters in real-time. This capability is enables tracking of people, assets, and vehicles in various indoor environments, thus ensuring safety and efficiency.
2. Versatility across Industries: VENUE's adaptability extends to diverse sectors such as factories, manufacturing, logistics, construction sites, and healthcare. Its flexibility across these industries underscores its innovative design and broad applicability.
3. Enhanced Safety and Efficiency: VENUE is instrumental in optimizing safety protocols and improving workplace efficiency. It achieves this through accurate tracking of workforce, assets, and machinery, addressing critical needs in indoor settings.
4. Streamlined Logistics and Process Efficiency: The system significantly enhances on-site logistics and resource management. By providing precise asset and material tracking, VENUE simplifies processes, making it an invaluable tool for operational improvement.
5. Specialization for Large Venues: VENUE is specifically tailored for large, multi-floor buildings, offering scalability and affordability. This specialization positions it as a preferred solution for comprehensive indoor tracking needs in large-scale settings.
6. Infrastructure-Lite Approach: A standout feature of VENUE is its minimal reliance on heavy infrastructure. This innovative approach reduces the need for significant upfront capital investments, making it a cost-effective and efficient solution for indoor positioning.

Applicability

TDK Trusted Positioning's VENUE is applicable in:
• Large-Scale Indoor Environments: Its specialization in large venues, including multi-story buildings, makes it an optimal choice for complex indoor spaces.
• Multiple Industries: The service is applicable across various sectors, including logistics, healthcare, manufacturing, and more, demonstrating its versatile utility.
• Operational Efficiency and Safety: VENUE significantly contributes to enhancing operational efficiency and safety protocols in workplaces, marking its importance in modern business environments.
• Cost-Effective Deployment: The infrastructure-lite model ensures that VENUE can be implemented with minimal initial investment, broadening its applicability to organizations seeking affordable yet effective indoor positioning solutions.

 

Posted Date1/24/24
ContactSarah Carmichael
Contact Email
CategoryBest New Innovation

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