FreePoint Technologies, an award-winning provider of software for the Industrial Internet of Things (IIoT) to manufacturers worldwide, today announced that it has entered into a strategic relationship with TexTempo, a leading provider of software for labor efficiency tracking in the soft goods industries. Through this partnership, TexTempo will bring new capabilities for machine monitoring, downtime tracking, and operating efficiency to its existing portfolio of labor efficiency and payroll processing products.
Paul Hogendoorn, Founder and President of FreePoint Technologies, remarked, “We are excited to be working with TexTempo as we expand into new industries.” FreePoint products are currently deployed at over 100 manufacturing sites in the United States, Canada, Mexico, Australia, and other countries around the world. The company’s industrial IoT technology, which measures value-adding activity by machine, has delivered production improvements to customers of up to 30% and more. The results have been validated through research conducted by Fanshawe College in conjunction with the Natural Science and Engineering Research Council of Canada (NSERC). “Deep industry expertise and a consultative approach to helping manufacturers improve operations make TexTempo a uniquely qualified partner for us as we expand into the soft goods market globally,” continued Hogendoorn.
TexTempo is enthusiastically embracing this new strategic partnership. “FreePoint’s solutions will help us achieve our goal of offering our clients a total real-time view of their factory floor with actionable data beyond labor and order tracking. In addition to optimizing processes around machines, we can now help our clients attack non-value-added activities and improve performance on the machines themselves, regardless of machine type or manufacturer”, explained TexTempo Senior Vice-President Greg Hathcox.
“By assisting clients to continuously monitor both machine and labor efficiency, TexTempo can help companies achieve the digital transformation and world-class efficiency needed to compete in global markets today,” added Hathcox.
According to publicly available information from MarketLine, the value of the global sewn products and soft goods markets exceeded USD $1.5-trillion in 2017 with annual growth expected to be between five and six percent.