Mistras Group
Caterpillar and Modustri to Collaborate on Equipment Monitoring Technology
Posted:
To help customers around the world optimize parts performance and further
understand the health of their equipment, Caterpillar Inc. (NYSE: CAT) has
entered into a strategic alliance with Modustri, a provider of service and
measurement technologies for use in the field. Caterpillar and Modustri will
work together to develop innovations that enhance CatŪ customers'
abilities to measure wear on parts like never before. In turn, these
technologies will help customers optimize their fleets more effectively.

"Our parts monitoring and management tool has been a leader in the
equipment management industry for 75 years, but we're always looking for
ways to step up our game," said Doug Hoerr, vice president of the Reman,
Components and Work Tools Division of Caterpillar. "Our relationship with
Modustri will allow us to take advantage of emerging technology that gives
our customers more information on parts and components to maximize
uptime. The days of being reactive are over."

By utilizing web-based and mobile platforms, the companies will deliver
simplified processes that provide customers accurate, immediate access to
useful, real-time data while still in the field. This technology could save
customers hundreds of hours and millions of dollars by proactively helping
Cat dealers and customers better measure wear rates and manage wear
parts replacements -- including those from other suppliers.

"We've seen how mobile technology can change the behaviors of customers;
now we can see groundbreaking hardware and software that can help
dealers interact with customers, build trust and plan ahead for maintenance
and parts replacements," said Brian Steketee, founder and CEO of Modustri,
which is based in Grand Rapids, Michigan.

"We are at the forefront of a revolution in the heavy equipment industry," said
Greg Folley, vice president of the newly formed Analytics & Innovation
Division of Caterpillar. "Emerging technologies are changing the way we can
help customers maintain a competitive advantage and achieve new levels of
equipment productivity and profitability. Our alliance with Modustri will be
key in making this happen."

In the coming months, Caterpillar will collaborate with Modustri and the Cat
dealer network to create the latest Cat equipment wear management
technologies through web-based and mobile platforms, which will now be
available for customer use.

About Caterpillar
For 90 years, Caterpillar Inc. has been making sustainable progress possible
and driving positive change on every continent. Customers turn to Caterpillar
to help them develop infrastructure, energy and natural resource assets. With
2014 sales and revenues of $55.184 billion, Caterpillar is the world's leading
manufacturer of construction and mining equipment, diesel and natural gas
engines, industrial gas turbines and diesel-electric locomotives. The
company principally operates through its three product segments - Resource
Industries, Construction Industries and Energy & Transportation - and also
provides financing and related services through its Financial Products
segment. For more information, visit caterpillar.com. To connect with us on
social media, visit caterpillar.com/social-media.

About Modustri

Modustri is the inventor and developer of innovative, field technology
products for industries with stringent requirements for precision
measurements and inspection data. The Michigan-based company's first-to-
market, mobile hardware-software suite is an upgrade to previous methods
of providing the heavy equipment industry with a streamlined system for
measurement and data collection. Modustri's products utilize web-based
and mobile platforms to deliver simplified processes, sharp accuracy and
immediate access to useful, real-time data while still in the field. For more
information, or to schedule a demo, visit modustri.com.
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