RVmagnetics' Presentation at BIND 4.0 Demo Day 2023

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RVmagnetics unveiled its MicroWire sensor technology at the BIND 4.0 Demo Day held on July 6, 2023, at Bilbao’s Euskalduna Congress Hall.

About the Event

The event brought together 25 startups from the 7th edition of the BIND 4.0 Acceleration Program and 70 industry-leading corporate partners from the BIND 4.0 Platform, showcasing innovation in the Basque Country to an audience of approximately 500 attendees. RVmagnetics was selected as one of 35 finalists (and winners) to present its innovative temperature measurement solution for bolts and fasteners together with a client – corporate partner.

The Solution

During the Demo Day, Vladimir Marhefka of RVmagnetics, alongside Jon Mendiola, Technical Director at ERREKA Smart Fastening, highlighted the company’s cutting-edge contactless temperature sensing solution. This innovation enables real-time unitary temperature measurement, enhancing preload measurement accuracy by compensating for temperature variations without requiring stabilization time. The technology was demonstrated using Erreka's advanced bolt solutions.

Details

Erreka Group (Matz-Erreka, S.Coop.) founded in 1961, began as a worker cooperative specializing in custom screw manufacturing. Over the years, it expanded to develop fasteners with advanced engineering applications. In the early 2010s, Erreka pioneered its Erreka Digital Bolt (EDB®) technology in collaboration with major OEMs in the wind energy sector. This innovation aimed to deliver fast, accurate, and cost-effective solutions. Erreka is part of the Mondragón Cooperative Corporation, the largest cooperative group in the world, comprising over 250 companies and widely recognized for brands like Fagor.

The BIND 4.0 open innovation program drives advancements in the Intelligent Industry, Clean Energy & Sustainability, Health, and Food sectors. It facilitates collaboration between startups and 70 leading industry players, spearheading the Industry 4.0 transition. The program evolves annually to address digital transformation needs and is open to international startups aiming to innovate within these key industries.

Author
Vladimir Marhefka
Vladimir holds position of Vice-Chairman of the Board of Directors at RVmagnetics. In his current role he’s responsible for Strategy, Business Development and Marketing activities of the company. During 18+ years of experience he held executive, strategy and business development roles in various B2B industries, led international sales teams and lived in Spain and Australia. With the background in finance, Vladimir’s interest is in deeptech, international startups, and industrial IOT.