ROANOKE, Va., Jan. 7, 2016 /PRNewswire/ -- Meridium®, Inc. (www.meridium.com), the global leader in asset performance management (APM) software and services, today announced a strategic partnership with the University of Tennessee (UT) to enhance research and development in reliability and maintenance engineering with real world applications. Meridium and the UT College of Engineering Graduate Program are uniting to create cutting edge key performance indicators (KPIs) for APM and predictive maintenance in order to advance the industrial internet of things (IIoT).
"Meridium is excited to launch this new chapter with the University of Tennessee to equip the next generation of reliability and maintenance engineers with the skills needed to manage big data, reduce risk and develop intelligent asset strategies," said Paul Casto, Vice President of Meridium. "We believe these students will contribute to the future of digital industry with their innovation and advanced skill sets."
Dr. Rupy Sawhney, an associate professor and associate head in the Industrial and Systems Engineering Department at UT, will be leading the initiative with Meridium to attract top talent to the reliability program and develop KPIs that drive operational reliability and excellence across industries.
"Meridium is a leader in Asset Performance Management solutions and Intelligent Asset Strategy development for asset-intensive industries utilizing predictive analytics, whereas we look at analytics from an educational and research side," said Sawhney. "This is one of those rare opportunities where two organizations complement one another perfectly for mutual benefit."
Looking ahead, Meridium plans to embed its leading software into graduate courses as part of a joint accreditation program for reliability. Meridium also plans to enable its own employees to enroll in the Masters and Reliability program. In addition, Sawhney will join the Meridium Institute Advisory Council and work with Casto in the long term strategic direction of Meridium's global training and development offering.
"This partnership presents a great chance to bring a new perspective to the council, while at the same time getting to see how they approach things," said Sawhney. "Meridium is very well regarded in the business world for its analytics and solutions, so being able to share my viewpoint from the academic world can add new insights for Meridium."
Meridium is the global leader in asset performance management (APM) software and services for asset-intensive industries. Meridium increases the availability of assets, improves safety, optimizes cost and lowers risk for our global clients in more than 80 countries with more than 1,200 licensed sites around the world. Through our unique software developed in collaboration with our clients, we predict and prevent asset failures with intelligent asset strategies. Founded in 1993 and headquartered in Roanoke, VA (USA), with offices around the world, Meridium is the pioneer of APM and continues to drive innovation, leveraging the data from sensors, devices, systems and smart equipment to minimize unplanned events, incidents and downtime.
About University of Tennessee
The University of Tennessee, Knoxville, is the flagship campus of the UT System and the state's land grant institution. The university is home to more than 27,000 students, representing every Tennessee county, every U.S. state and more than 100 countries. More than 300 degree programs in 11 academic colleges provide a wide range of teaching and learning opportunities. Programs in business, engineering, law and the arts rank in the top 10 among national public universities. UT's unique partnership with the U.S. Department of Energy and nearby Oak Ridge National Laboratory addresses critical issues in energy, transportation, climate and the environment that affect our region and our world. Nestled along the Tennessee River in the foothills of the Great Smoky Mountains, the 580-acre campus is adjacent to downtown Knoxville.
SOURCE Meridium, Inc.