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Xerox's PARC Spins Out Novity, a Breakthrough Predictive Maintenance Venture

Art Post ·
NORWALK, Conn.--( BUSINESS WIRE )--Xerox has spun out Novity ™, a start-up founded by Xerox’s Palo Alto Research Center that has developed and commercialized industrial predictive maintenance technology. "PARC’s goal has always been to incubate, launch and commercialize disruptive technologies, and Novity is an excellent example of this model in action,” said Naresh Shanker, chief technology officer at Xerox and President at PARC. “We are proud of Novity’s success to-date and look forward to...
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Xerox spins out division

Art Post ·
Xerox spins out division Announced it has spun out Novity, which developed an industrial predictive maintenance technology The TruPrognostics engine provides predictions on plant assets and equipment for industrial manufacturers Xerox will maintain a minority stake
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