Inventory monitoring systems are very important in the digital age. But only 5% of current storage areas can be automated by robotic systems. To make the processes more efficient, we need another solution. Our Startup of The Week, TeDaLoS, developed a system that delivers data in real time without the need for external resources or infrastructure. Thomas Tritremmel, CEO of TeDaLoS, told us more about it.
Hello Thomas! Thanks for answering our questions today. Why don’t you tell us what is behind the name TeDaLoS?
I’d be glad to. We have developed a patented system that enables sensor-based, digital and mobile inventory monitoring of goods in real time. With this system, we not only record the exact quantity of goods, but can also monitor their condition. Condition means for example temperature or vibration. In addition, we can also monitor the location of the goods on-site or transport. This is possible for all types of goods.
To successfully use the TeDaLoS system, no external resources or support infrastructure are needed. Moreover, nobody needs to be trained for the system.
That sounds like a very user-oriented solution. Feel free to give us more information about it.
Our sensor units send encrypted information directly to our cloud software, which decodes, validates, interprets and converts this data. The data can also be transferred directly to a leading system via interfaces. Set thresholds trigger an alarm message immediately if they are exceeded.
This system allows you to measure the physical distribution of stocks in decentralized storage locations in real time. In addition, it is possible to connect suppliers and determine accurate content quantities in transfer containers. But there are many other possibilities for use. The system is fully autonomous without local resource binding, includes special sensor technology, radio technology, data communication, cloud software and IT interface.
IoT has long been a big buzzword and especially in the field of logistics, more and more is being digitized. What is special about TeDaLoS?
Many departments of a company benefit from our solution. The processes in the departments run more efficiently. For example, the warehouse saves space, search times and inventory costs. In production, faster material provision is achieved in less production space. The purchasing and finance departments also benefit from more accurate information provided in real time. With TeDaLoS, the return on investment is less than 2 years.
Another advantage is that any storage location and any type of goods flow can be retrofitted. The application is carried out across locations and piece by piece.
How do you integrate your services into a business model?
Our pricing model consists of the purchase of the hardware, monthly costs for telecommunications, data transmission and the rental of the basic function of the cloud software, as well as one-time costs.
Since your product is related to warehousing, your customer segment is probably also in the field of logistics. Do you narrow it down to a niche?
Not really. 95% of all storage areas and intralogistic goods flows are not digitally monitored. The market for inventory monitoring via the Internet of Things will be worth around 300 billion US dollars by 2025. So we have many applications.
Our main target groups are of course primarily in the logistics and transport sector. However, we also supply customers in the healthcare, retail and industrial sectors. We are not focused on specific countries, but offer our services on an international level.
Is your product already usable?
Yes, since 2017 TeDaLoS is in operational use in customer projects from the Netherlands to Greece. We produce a standard sensor unit, but also special adaptations to various load carriers. Customers such as Kellner & Kunz AG and Canon already successfully use our sensor technology.
In September 2019, BITO-Lagertechnik, as an internationally operating industrial company in the field of storage and picking technology, strengthened its cooperation with us. Since then BITO Campus has been involved as a shareholder. The cooperation pursues the goal to offer mobile and autonomous systems for material and inventory monitoring via Internet of Things with combined know-how.
International sales partners with focus on the user target groups have already been acquired.
Thank you for this exciting interview! We wish you continued success with your idea.
If you want to learn more about TeDaLoS, please have a look at their Innoloft profile.