05.09.2017 A Finnish industrial innovation brings local manufacturing back

Press release
For release on September 6, 2017

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Kuopio, Finland – The ANT Plant, a Finnish industrial innovation involving a micro-factory, is about to make a breakthrough into the US market. The concept challenges the existing practice of mass production in countries with low production costs. In the USA, the current policy of allowing tax reliefs to domestic production promises good prospects for this innovation.

This concept of a micro-factory is based on robotics and a comprehensive service solution. The global electronics industry companies have already shown an interest in it. At the moment, the value of ANT Plant offers is over 20 million euros. There is a potential for annual sales worth tens of millions of euros.  Investment decisions are expected at the turn of the year.

In August, EID Tech secured $357,000 (€300,000) of funds for the international marketing and sales of the ANT Plant micro-factory concept. One of the investors is the Finnish business angel Pia Kantola, M.Sc. (Tech.), who is excited about helping to bring an industrial innovation to the global market.

– The ANT Plant’s innovativeness comes from the fact that it makes local mass manufacturing profitable again. The concept is an interesting one, both technically and because of the services connected with it. According to Ms. Kantola, the fact that EID Tech’s engineers represent a total of almost a hundred years of automation expertise really makes a difference.

The ANT Plant is a robotized production factory that is quick to take into use. The manufacturing of products is simple; thanks to the comprehensive service solution offered by EID Tech. EID Tech concludes partnership agreements for the upkeep and lifespan services of the micro-factories. This means that the company that markets the end product does not need a lot of production expertise.

A million products per year

At the moment, the fully automated ANT Plant concept is used to mass-produce LED lamp tubes, but the concept can be used to produce other products as well. As many as nearly one million LED lamp tubes per year can be assembled, tested and packed on just one production line. It would be possible to produce various electronic consumer products as well.

– At first, we will concentrate on selling the concept to the companies that sell LED lamp tubes, but we have also done concept design in view of other LED lighting products, such as the LED bulb that replaces the traditional light bulb, and LED panels and down lights. The development work continues. There is a huge market potential on the lighting sector alone, because most of the LED tubes of western brands are made in the cheap production countries, says Jari Helminen, the CEO of EID Tech. 

In addition to business angel Pia Kantola, also KJ Capital Oy, Lucrosum Capital Oy, JO Development Oy, Intellicons Oy and business angel Jukka Heinonen have invested into the ANT Plant micro-factory concept.

– I strongly believe in Finnish engineering skills and in EID Tech, that is a company with both innovativeness and perseverance, together with a thorough knowledge of the automation business, says Ms. Kantola.

EID TECH OY, founded in 2009, develops automation solutions and remodels the production industry. The ANT Plant micro-factory concept is an industrial innovation created by the company. The company is located in Kuopio, Finland. The company has long experience about customer-specific industrial automation, especially in the fields of electronics, electricity and the lighting industry.

Contact:

Mr. Jari Helminen
CEO
EID Tech Oy
+358 (0)50 360 4977
jari.helminen
[at]eidtech.fi
 

Mr. Paavo Käkelä
Chairman of the Board
EID Tech Oy
+358 (0)50 361 3945
paavo.kakela
[at]eidtech.fi

EID Tech Oy
Hakekatu 9
FIN-70800 Kuopio
Finland

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+358 10 322 3620
010 pricing

Business ID: FIN23069801

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