Goodyear And SafeAI Announce Tire Intelligence For Autonomous Heavy Equipment

Rhea-AI Summary

Goodyear Tire & Rubber Company (NASDAQ: GT) has partnered with SafeAI to integrate tire intelligence into autonomous heavy equipment. This collaboration aims to enhance tire health monitoring, reduce downtime, and improve construction site safety and efficiency. At a site in Cupertino, California, Goodyear will equip a Caterpillar 725 with sensors to monitor tire pressure and temperature, addressing inefficiencies that can lead to costly downtime. The partnership underscores Goodyear's commitment to innovation in tire technology for autonomous vehicles.

Positive

• Strategic partnership with SafeAI enhances innovation in tire technology.
• Deployment of tire intelligence can significantly reduce unplanned downtime by addressing issues like underinflation early.
• Gains in efficiency and safety for construction sites can lead to better ROI.

Negative

• None.

AKRON, Ohio, Dec. 10, 2020 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) and SafeAI, a pioneer in autonomous heavy equipment, today announced a strategic relationship to incorporate tire intelligence into the programming of autonomous heavy equipment vehicles.

Through an integration with the SafeAI autonomous ecosystem, the companies will exchange site data to protect tire health, eliminate downtime and contribute to a smarter, safer standard for the construction industry. Tire intelligence from Goodyear's TPMS Heavy Duty rim-mounted sensors will be deployed at an active construction site in Cupertino, Calif. 

With this collaboration, Goodyear will outfit a Caterpillar 725, retrofitted with SafeAI's autonomous software, to capture pressure and temperature data and monitor overall tire health. These sensors can identify and communicate adverse conditions before they cause maintenance issues and derail a project.

Traditional construction and mining sites are rife with inefficiencies, fueled in large part by costly unplanned downtime rates as high as 20-30%, resulting in missed timelines and increased budget – and COVID-19 is exacerbating these challenges. Tire intelligence can help mitigate these challenges by identifying early or potential problems, such as underinflation, before they cause unexpected delays – bolstering efficiency, safety and return on investment. 

"No matter the vehicle – automobile, freight truck or dump truck – tire intelligence can help elevate safety, performance and efficiency," said Chris Helsel, Goodyear senior vice president and chief technology officer. "Through our work with SafeAI, we will not only empower site operators with greater visibility and efficiency, but also gain invaluable performance data to inform our future innovation in autonomy and heavy equipment." 

"Goodyear has been at the forefront of tire innovation for more than one hundred years. Today, we're proud to join forces to take on a new frontier: tire intelligence for autonomous heavy equipment," said Bibrajit Halder, founder & CEO at SafeAI. "At SafeAI, we strongly believe in a collaborative approach to deploying autonomy in construction and mining, at scale. We have purpose-built an interoperable autonomous technology that enables us to work with industry leaders like Goodyear and set the standard for autonomous heavy equipment."

About The Goodyear Tire & Rubber Company
Goodyear is one of the world's largest tire companies. It employs about 62,000 people and manufactures its products in 46 facilities in 21 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.

About SafeAI
SafeAI is an autonomous heavy equipment leader focused on advancing modern industry. SafeAI retrofits heavy equipment for autonomous applications in mining and construction to serve a massive ecosystem of industry players with complex needs. By building a software platform with the most advanced, industry-specific AI, SafeAI enables equipment owners to transform existing machines into self-operating robotic assets. Obayashi Corp. and Foundamental have made strategic investments in SafeAI, and the company currently operates with Obayashi Corp in Cupertino, CA. SafeAI is based in Milpitas, CA. To learn more about SafeAI, visit https://safeai.ai/. 

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SOURCE The Goodyear Tire & Rubber Company

FAQ

What is the partnership between Goodyear and SafeAI about?

Goodyear has partnered with SafeAI to integrate tire intelligence into autonomous heavy equipment to improve efficiency and safety.

How will Goodyear's tire technology be implemented with SafeAI?

Goodyear will use TPMS sensors in a Caterpillar 725 outfitted with SafeAI's autonomous software to monitor tire health.

What benefits does the Goodyear and SafeAI partnership provide?

The partnership aims to reduce unplanned downtime and enhance safety and efficiency on construction sites.

Where will the tire intelligence project take place?

The project will be implemented at a construction site in Cupertino, California.

What challenges in construction does tire intelligence aim to address?

Tire intelligence aims to mitigate inefficiencies caused by unplanned downtime rates of 20-30% on construction sites.