Packwise closes financing round in the millions
With this multi-million investment, Packwise GmbH is preparing the Europe-wide market launch of Packwise Smart Cap at the beginning of 2020. Packwise is thus offering a practicable industrial..
The Packwise solution can now also be used in potentially explosive environments. For
Packwise customers, the new development means an important expansion of the
Packwise solution's field of application. For a large part of the possible applications of the
Packwise Smart Cap, explosion protection is essential. By meeting the explosion
protection requirements, Packwise strengthens its position as a market leader and
innovator in sustainable supply chain optimization.
Packwise GmbH, the leading provider of intelligent tracking solutions for mobile liquid
containers, continues to focus on the needs of the chemical and food industries with the
development of Packwise Smart Cap Ex and further extends its market leadership. Relevant
industries with hazardous areas include the production and distribution of solvents, paints and
varnishes, and the petrochemical industry.
Advanced features for comprehensive applicability of the Packwise solution
The ATEX/IECEx version of the Packwise Smart Cap - designed, approved and manufactured in
Germany - offers the same features and mounting as the previous version, which has been field
proven with millions of measurements. In addition, the hardware is combined with the highly
intelligent Packwise Flow platform for supply chain visibility and automation.
The new version is equipped with a specially developed antenna to further improve connectivity,
integrates an optimized power concept and is also equipped with an additional barcode and a
more readable QR code. Even with these improvements, Packwise has managed to keep the
price/performance ratio interesting and offer an attractive price. As a result, Packwise is able to
support its customers in rolling out the solution to entire container fleets, rather than being
limited to niche applications.
Customers are responding enthusiastically. "With the introduction of Packwise Smart Cap Ex, the
topic of automated tracking of IBCs reaches a new dimension. Explosion protection is mandatory
for the majority of our products and Packwise's new development is an important milestone for
a comprehensive implementation," says Markus Hofmann, Head of Supply Chain Excellence &
Digitization - Dispersions Europe, BASF SE.
The development of the PACKWISE SMART CAP Ex presented the team with a number of
technical challenges, mainly due to the combination of the requirements of battery operation,
mobile radio use and a very high level of device protection. A special combination of intrinsic
safety and potting allows the use of multiple radio technologies.
Packwise holds all relevant certificates
Packwise is certified according to DIN EN ISO/IEC 80079-43 and maintains a QM system
according to ISO 9001. Through the Notified Body "Bureau Veritas Consumer Products Services
Germany GmbH", Packwise is officially certified to manufacture products in potentially explosive
atmospheres according to ATEX Directive 2014/34/EU, IECEx system and UKCA. The Packwise
Smart Cap itself is approved for ATEX/IECEx Zones 1 and 2 (gas and dust) and Zones 21 and 22.
US approval for the Packwise Smart Cap Ex is targeted for Q4 2023.
Felix Weger, Co-Founder, Innovation and Business Development, Packwise GmbH: "We are very
excited to enable our customers to experience the added value of the Packwise solution with our
new ATEX/IECEx solution. The added value for customers is mainly in the reduction of
organizational and logistical costs, the increase of revenue potential through new service models
and the implementation of sustainable transport container logistics."
The ATEX/IECEx approved Packwise Smart Cap Ex is available now. For more information on the
hardware and the Packwise solution, please visit the company's official website
Packwise GmbH is a technology company based in Dresden, Germany, whose innovative
Industrial IoT solution enables customers in the chemical, pharmaceutical and food industries to
gain transparency along the supply chain. Our solution, consisting of the plug-and-play sensor
Packwise Smart Cap and the associated platform Packwise Flow, provides unprecedented insight
into relevant data along the supply chain. For different types of liquid containers, sensor data on
location, level and movement is collected with high accuracy in real time and visualized and
analyzed in Packwise Flow in a fully automated and intelligent way. Packwise customers
simultaneously benefit from automated processes, improved service levels to their customers
and partners, and more sustainable container logistics. Since 2017, the trio of founders and their
team of around 20 people have been working relentlessly on this technology to transform their
customers' supply chains into an intelligent, digital, collaborative network.
Packwise has recently become a member of the Bundesvereinigung Logistik (BVL) – a network of experts and managers from industry, trade, services and science. The aim of the non-profit association..
Online magazine TAG24 describes Packwise's smart IoT solution, the Packwise Smart Cap, as an efficient way to "reinvent the container". The current article describes the functionality as well as the..
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