Berlin, November 5, 2021 - With effect from November 1st, 2021, PSI Metals has agreed on a far-reaching strategic partnership with the Berlin-based Smart Steel Technologies GmbH (SST) for AI-based applications utilized in the steel industry. Based on the profound industry expertise of both companies, as well as the joint market and practical proximity, steel industry specific innovative software solutions are to be developed in the future.
As the world's leading software provider in production management, PSI Metals brings a strong customer base and decades of steel industry knowledge to the partnership. The SST offers intelligent AI-based software solutions for process optimization in steelworks, which can be seamlessly integrated into the existing PSImetals Service Platform.
The first offering of this partnership are three AI-based software solutions in the areas of product-to-order reallocation, slab and coil classification, as well as liquid steel quality optimization, particularly temperature control. These new solutions will help steel companies to further improve production efficiency and the quality of modern steel products, to meet the highest market demands. Through this collaboration, applications are digitized in every phase of the steelmaking process - from liquid phase to strip finishing.
“Both companies are pursuing the goal of a smart, fully automated factory based on the technological achievements of digitization. The clear focus on the steel industry makes SST the ideal partner on our journey to the above-mentioned goals”, explains Jörg Hackmann, Managing Director of PSI Metals.
“Our partnership was established to maximize efficiency gains and related cost savings in steel companies. It will help the steel industry to work even more effectively and with higher quality. The combination of the comprehensive production management know-how of PSI and the profound AI expertise of SST raises obvious synergies for everyone involved." summarizes Falk-Florian Henrich, founder & CEO of Smart Steel Technologies.
The PSI Group develops its own software products for optimizing the flow of energy and materials for utilities (energy grids, energy trading, public transport) and industry (metals production, automotive, mechanical engineering, logistics). The industry-specific products, which are built from standard components, are sold both directly and via the multi-cloud PSI App Store and can also be customized by customers and partners themselves. PSI was founded in 1969 and employs nearly 2,200 people worldwide.