Schaeffler wins Red Dot Design Award for OPTIME

Condition monitoring solution OPTIME wins in the “Smart Product” and “Industrial Design” categories

Schaeffler has been announced as a winner of the Red Dot Design award for its innovative OPTIME condition monitoring system for machines. Being awarded in two categories - ‘Smart Product’ and ‘Industrial Design’, Dr. Stefan Spindler, CEO Industrial of Schaeffler AG said that “OPTIME receiving the award proves that we can successfully expand our portfolio with digital services that prioritize the benefit to the customer.”

“Receiving the Red Dot Design Award for OPTIME has made everyone involved in this project very proud,” says Rauli Hantikainen, Head of the Industry 4.0 Strategic Business Field. “For the development of OPTIME, we established an ecosystem of partners who were each in possession of the leading technologies and skills in their respective fields. At the same time, we collaborated closely with our pilot customers, as the guiding principle of agile product development has always been to achieve the maximum benefit for our customers.” Schaeffler worked together with LINK Design from Finland, as a member of the partner network, on the product design of the OPTIME sensors and the user experience of the OPTIME app.

“While we are advancing our digitalization agenda, it is fantastic to see that with the Red Dot Design Award, we are gaining recognition in the market,” says Denis Wiegel, Head of Sales Management and Marketing Industrial. “OPTIME is proof of our transformation and shows that we at Schaeffler not only think outside the box but that we also develop ground-breaking innovations - in a diverse, agile team that works on equal footing with internal and external partners.”

With OPTIME, Schaeffler is consistently pursuing its aspiration to actively help shape digital transformation. Digital services that generate added value for customers through Schaeffler's expertise play a central role in this. OPTIME is a wireless IoT solution that makes the condition monitoring of machines in production processes efficient and cost-effective. Installation and commissioning are so easy that several hundred units can be integrated without issue in one day. Schaeffler has summarized the advantages provided by OPTIME under the guiding principle “Plug. Play. Predict.”

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