SKF Launches SKF Insight™, Groundbreaking Intelligent Bearing Technology

  SKF Launches SKF Insight™, Groundbreaking Intelligent Bearing Technology

Business Wire

GÖTEBORG, Sweden -- April 8, 2013

Set to revolutionise the future of machine condition monitoring

SKF (STO:SKFB) (STO:SKFA) (Pink Sheets:SKFRY) (LSE:SKFB) launches SKF
Insight™, a groundbreaking innovation in intelligent wireless technologies
that are integrated into SKF bearings. SKF developments in various smart
technologies now enable bearings to communicate their operating conditions
continuously, with internally powered sensors and data acquisition
electronics. Bearings have long been considered the heart of rotating
machinery, now SKF makes them the brain as well.

“These innovations are set to revolutionise condition monitoring for bearings,
especially in critical machinery and technically challenging applications. SKF
Insight technology will make condition monitoring more widely available,
especially in applications where it was previously impossible or impractical,”
says Tom Johnstone, SKF President and CEO. “With our integrated diagnostic
technology, our customers can get even better control over the life cycle of
their machinery, leading to lower total costs with higher reliability and
machinery uptime.”

SKF Senior Vice President, Group Technology Development, Alan Begg adds,
“Three years ago we had a vision to create an integrated, self powered sensor
package that could wirelessly communicate the condition of a bearing at any
time – making a smart bearing capable of sending a message when something
happens to it. Following extensive R&D work, including miniaturisation,
solving power generation challenges and developing unique packaging of sensors
and electronics, the introduction of SKF Insight technology makes this a
reality. Making the bearing the brain, as well as the heart of rotating
machinery has long been a dream of the engineering community, and I am proud
that SKF, with our long tradition of innovation leadership, is the first to
make this happen.”

Monitoring directly on the bearing

Prior to SKF Insight, condition monitoring techniques could only monitor
damage after it has occurred. Now, by sensing directly on the bearing, SKF is
able to monitor the damage from the first microscopic effect as it is
happening, and with this information, customers can take remedial action to
reduce the reason for damage in the bearing – adding lubricant, mitigating
transient overloads, etc.

In addition, by monitoring the load directly on the bearing, SKF Insight makes
it possible to measure the load the bearing actually experiences rather than
what is was designed for. This valuable information can be routed back into
the design phase to improve both the system and bearing design.

With SKF Insight™ technology integrated into bearings, it is simpler and more
convenient for customers to enter into condition monitoring activities. Better
operational knowledge, better maintenance planning, optimized manpower and
spare part management, will lead to lower cost of operations.

SKF Insight technology includes:

-Miniaturisation – Packaging of sensor technologies enables measurement of
critical parameters such as RPM, temperature, velocity, vibration, load and
other features.

- Self-powered – Using the application environment itself, smart bearings can
generate their own power needed to operate.

- Simplicity – Intelligent wireless communication technology packaged inside
the bearing enables it to communicate within environments where traditional
WiFi cannot operate.

- Smart networks – Communicating through each other and via a wireless
gateway, bearings with SKF Insight form a “mesh network” and can send
information relevant to their condition for analysis.

SKF Insight application specific solutions are under trial with key customers
in industries including wind energy, railways and metals, and SKF is actively
developing more application trials in other industries.

SKF is a leading global supplier of
lubrication systems(, and
which include technical support, maintenance and reliability services,
engineering consulting and training. SKF is represented in more than 130
countries and has around15,000 distributor locations worldwide. Annual sales
in 2012 were SEK 64,575 million and the number of employees was 46,775.

® SKF is a registered trademark of the SKF Group. ™ BeyondZero is a trademark
of the SKF Group.

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46 31337 2400
Rebecca Janzon
Director, Press Relations
tel: 46 31337 3880
mobile: 46 727-173880
Marita Björk
Head of Investor Relations
tel: 46 31-337 1994
mobile: 46 705-181994
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