ContiTech_pp_Intelligente_drive-belt-600

ContiTech exploring “leasing” business model for conveyor belts

Hanover, Germany – ContiTech AG is working on a new business model whereby clients lease conveyor belts instead of buying them, the Hanover-based company has announced.

The lease price, it said, will be based on material and amount transported, which will be gauged by sensor and monitoring technology.

The company is showcasing a model at the Hanover Fair, 23-27 April, in which sensors will be monitoring “every movement of the conveyor belts and materials conveyed”, said a 9 April press release.

The sensors  “inspect surfaces and report fill…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with