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Venkat Nemani, left, and assistant professor Chao Hu pose next to a test stand where initial vibration research was conducted.
Grace Technologies has estimated that its new system could be worth up to $10 million to the company over a five-year period as equipment operators rush to save money on downtime, expensive repairs, and maintenance-related injuries.
Drew Allen, Grace Technologies vice president for strategic innovation, said large organizations in high-value industries have long had predictive maintenance capabilities because they use expensive equipment to monitor rotary machines and detect vibration changes in bearings. Grace is one of many companies seeking to translate that technology to a broader market.
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Grace Technologies Announces New President and CEO
January 22, 2021
Summary
Grace Technologies is pleased to announce their new President & CEO, Drew Allen. After 30 years of leadership, Phil Allen will be stepping down as CEO and assuming the role of Founder & Chairman of the Board and continuing to focus efforts on Ovarian Cancer Research at the University of Iowa Hospitals & Clinics through their Believe in the Cure foundation with his wife, Jane.