PROMAI, a leading innovator in pro-active AI platforms for error-free manufacturing, is pleased to announce that it has been awarded a grant of $250,000 from the Israeli Ministry of Economic's "SMART MONEY" initiative. This grant will facilitate PROMAI's strategic marketing campaign in Europe for the year 2024.
The "SMART MONEY" grant is a testament to PROMAI's commitment to revolutionize the manufacturing industry with its advanced AI platform. The funds will be instrumental in expanding PROMAI's reach and establishing a strong presence in the European market.
With this grant, PROMAI aims to introduce its cutting-edge AI platform, featuring its four key components, WizGen, WizPlan, WizShield, and WizField, to the European manufacturing sector. These components are designed to provide manufacturers with a proactive approach to error prevention and quality enhancement throughout the production process.
The integration of PROMAI's platform is anticipated to yield significant benefits for European manufacturers, including:
Increase in First Time Yields:
- PROMAI's platform is expected to immediately provide an increase in first-time yields of up to 30%, ensuring a higher level of product quality from the outset.
Reduction in Project Costs:
- By leveraging the capabilities of WizGen, WizPlan, WizShield, and WizField, PROMAI anticipates a reduction in project costs by up to 40%, allowing manufacturers to optimize their resources efficiently.
Decrease in Time to Market:
- The implementation of PROMAI's AI platform is projected to reduce time to market by up to 35%, enabling manufacturers to bring their products to market faster and gain a competitive edge.
PROMAI expresses gratitude for the support from the Israeli Ministry of Economic and is excited about the opportunity to contribute to the advancement of the European manufacturing industry. The company looks forward to showcasing the transformative impact of its AI platform and fostering mutually beneficial collaborations in the region.
