NEW YORK–(BUSINESS WIRE)–May 9, 2022–
The American Society of Mechanical Engineers (ASME) and Black & Veatch today announced the launch of a new joint venture, Twinify Technologies LLC, to provide digital twin solutions to customers in asset-intensive industries. Based in New York, Twinify will operate through a partnership between the International Society of Interdisciplinary Engineers (ISIE) LLC, a for-profit affiliate of ASME, and Black & Veatch.
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“Digital twin technologies are critical to improving the competitiveness, efficiency and scalability of the power, water and manufacturing sectors as they strive to provide reliable and cost-effective service delivery. in a stricter operational and regulatory environment,” says the ASME Executive Director/CEO. Tom Costabile. “ASME has long been a leader in performance testing codes and operating standards that can elevate the performance and capabilities of digital twin services. We are proud to partner with Black & Veatch, a leader in sustainable infrastructure, to leverage their existing technology and develop new, state-of-the-art digital twin solutions for a wide range of customers.
Twinify’s digital twin solutions will focus on improving the efficiency and responsiveness of infrastructure assets and reducing downtime. Leveraging deep industry domain knowledge and a unique combination of domain and artificial intelligence (AI) models, the company offers built-in, OEM-agnostic adaptive scheduling capabilities that optimize performance and mitigate the risks. Twinify will help customers in asset-intensive industries create, deploy, and manage real-time digital twins, and develop and deploy digital twin standards and guidelines that address critical design and operational issues.
“Clients in infrastructure industries need services that can improve and accelerate how asset-intensive industries design, build and operate critical assets and processes,” said Marty Travers, Director executive of Black & Veatch. “Twinify’s offerings combine ASME’s leadership in bringing standards, best practices, education and solutions to the industry with Black & Veatch’s proven ability to operationalize domain expertise and knowledge. asset analysis to solve complex industry challenges.”
Peter Marino will join Twinify Technologies as interim CEO. Most recently, he was Senior Director of Strategy and Special Projects for ASME. Marino has been with ASME since 2020. Previously, he was the founder and executive director of the Metropolitan Society for International Affairs in New York and led tech and finance startups in London and Shanghai. The startup team includes Scott Stallard and Brian Baker, who each have more than 20 years of distinguished service with Black & Veatch and will serve as Chief Technology Officer and Chief Architect, respectively. Four other Black & Veatch professionals will also join the startup.
“Twinify provides an essential solution in a time of transformation for the infrastructure services industry,” says Marino. “The past two years have highlighted the importance of technology in delivering superior industrial efficiency and coordination in maintaining system stability while delivering exceptional economic growth and returns. The full impact of the digital industrial revolution is just beginning to be felt, and Twinify is entering the market at the right time to help our customers drive more value into their portfolios.
As part of the new company’s operations, nDimensional, a leader in enabling digital twins, will help Twinify deliver advanced digital twin solutions.
For more information, visit https://twinify.com and follow Twinify on social media.
- Black & Veatch has deployed ASSET360™ and other asset performance management and data analytics solutions to major energy, water and commercial customers seeking optimized performance.
- ASME is recognized worldwide as the leader in consensus-based codes and standards for mechanical engineering. The company’s portfolio includes more than 500 standards covering topics ranging from pressure technology, nuclear power plants, elevators and escalators to additive manufacturing, energy storage and robotics.
- ASME regularly brings together experts and follows the latest developments in digital engineering, including AI, IoT, digital twin, simulation and computer-aided design.
About Black & Veatch
Black & Veatch is a 100% employee-owned global engineering, procurement, consulting and construction company with more than 100 years of experience in sustainable infrastructure innovation. Since 1915, we’ve helped our customers improve the lives of people around the world by improving the resilience and reliability of our most critical infrastructure assets. Our revenues in 2021 exceeded US$3.3 billion. Follow us on www.bv.com and on social networks.
ASME helps the global engineering community develop solutions to real-world challenges. Founded in 1880 as the American Society of Mechanical Engineers, ASME is a nonprofit professional organization that enables collaboration, knowledge sharing, and skill development in all engineering disciplines, while promoting the vital role of the engineer in society. ASME codes and standards, publications, conferences, continuing education, and professional development programs provide a foundation for advancing technical knowledge and a safer world. In 2020, ASME formed the International Society of Interdisciplinary Engineers (ISIE) LLC, a new for-profit affiliate to house business ventures that will bring new and innovative products, services, and technologies to the engineering community, and subsequently created the holding company, Global Knowledge Solutions LLC. In 2021, ASME launched a second for-profit subsidiary, Metrix Connect LLC, an industry event and content platform to accelerate digital transformation in the engineering community and an agent for theMechanical Engineering ® brand of multimedia products. For more information, visit http://www.asme.org.
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PUBLICATION: 09/05/2022 2:00 p.m. / DISK: 09/05/2022 2:02 p.m.