• Condition monitoring solution OPTIME wins in the “Smart Product” and
    “Industrial Design” categories
  • Award confirms Schaeffler's innovative strength in the development of
    leading Industry 4.0 products
  • Wireless IoT solution OPTIME makes the condition monitoring of
    machines in production processes efficient and cost-effective

SCHWEINFURT | April 15, 2021 | The innovative condition monitoring solution
OPTIME is a winner of this year’s Red Dot Design Award in two categories. A jury
composed of designers, professors, and journalists from various specialist fields
awarded OPTIME in the categories of “Smart Product” and “Industrial Design”,
thus confirming the outstanding product design, functional configuration, and
high level of innovation demonstrated by the digital service solution from
Schaeffler. “Our passion for technology and innovation is a key part of our DNA,”
says Dr. Stefan Spindler, CEO Industrial of Schaeffler AG. “OPTIME receiving the
award proves that we can successfully expand our portfolio with digital services
that prioritize the benefit to the customer.”

Customers benefit from solution-focused development
With this award, Schaeffler joins the list of winners of the Red Dot Design Award,
which includes leading companies worldwide. “Receiving the Red Dot Design
Award for OPTIME has made everyone involved in this project very proud,” says
Rauli Hantikainen, Head of the Industry 4.0 Strategic Business Field. “For the
development of OPTIME, we established an ecosystem of partners who were each
in possession of the leading technologies and skills in their respective fields. At the
same time, we collaborated closely with our pilot customers, as the guiding
principle of agile product development has always been to achieve the maximum
benefit for our customers.” Schaeffler worked together with LINK Design from

Finland, as a member of the partner network, on the product design of the
OPTIME sensors and the user experience of the OPTIME app.

“While we are advancing our digitalization agenda, it is fantastic to see that with
the Red Dot Design Award, we are gaining recognition in the market,” says Denis
Wiegel, Head of Sales Management and Marketing Industrial. “OPTIME is proof of
our transformation and shows that we at Schaeffler not only think outside the box
but that we also develop ground-breaking innovations – in a diverse, agile team
that works on equal footing with internal and external partners. This is just the
beginning.”

Efficient, cost-effective production processes
With OPTIME, Schaeffler is consistently pursuing its aspiration to actively help
shape digital transformation. Digital services that generate added value for
customers through Schaeffler's expertise play a central role in this. OPTIME is a
wireless IoT solution that makes the condition monitoring of machines in
production processes efficient and cost-effective. Installation and commissioning
are so easy that several hundred units can be integrated without issue in one day.
Schaeffler has summarized the advantages provided by OPTIME under the guiding
principle “Plug. Play. Predict.”

The innovative condition monitoring solution OPTIME from Schaeffler is a winner of this
year’s Red Dot Design Award in two categories. The jury awarded the IoT solution in the
“Smart Product” and “Industrial Design” categories, thus confirming its outstanding
product design, functional configuration, and high level of innovation.

Schaeffler Group – We pioneer motion
As a leading global supplier to the automotive and industrial sectors, the Schaeffler Group has been driving
forward groundbreaking inventions and developments in the fields of motion and mobility for over 70 years.
With innovative technologies, products, and services for CO₂-efficient drives, electric mobility, Industry 4.0,
digitalization, and renewable energies, the company is a reliable partner for making motion and mobility more
efficient, intelligent, and sustainable. The technology company manufactures high-precision components and
systems for powertrain and chassis applications as well as rolling and plain bearing solutions for a large number
of industrial applications. The Schaeffler Group generated sales of approximately EUR 12.6 billion in 2020. With
around 83,300 employees, Schaeffler is one of the world’s largest family companies. With more than 1,900
patent applications in 2020, Schaeffler is Germany’s second most innovative company according to the DPMA
(German Patent and Trademark Office).

Contacts
Vijay Chaudhury
Head – Communications & Branding, Investor Relations
Schaeffler India Limited
+91 9168684744
[email protected]

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