Lloyd’s Register Energy, a compliance, integrity and specialist risk consultancy services company, announces it is forming a strategic alliance with MaxGrip.
The alliance sees the development of a new risk-based inspection (RBI) software module called ‘strEAM+ RBI’. The collaboration leverages Lloyd’s Register Energy’s integrity engineering and RBI experience with MaxGrip’s expertise in software development and its strEAM+ framework, which offers a unique software solution that directly embeds into an enterprise’s asset management application, including IBM Maximo, SAP and INFOR EAM.
strEAM+ RBI embeds with IBM Maximo – an exclusive feature of the new module – to optimise inspection and maintenance schedules to achieve cost savings for inspection and maintenance of assets whilst reducing operational risk. It helps customers to increase uptime equipment availability by at least 20%, avoiding failures by creating a strong understanding of predicable and non-predictable failure modes. The software provides enhanced levels of information for safety, environmental, production and regulatory needs. The new strEAM+ RBI module will be showcased at IBM’s Interconnect2015 conference.