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Pete Thompson Invisible Systems Cloud Expo Europe 2020

Pete Thompson Invisible Systems Cloud Expo Europe 2020

NAYOKA OWARE [00:00:10] Hello and welcome to the London Tech Show 2020 brought to you by CloserStill Media. I’m Nayoka Oware hosting for Disruptive Live. And this is my co-host.

NICKY PENNYCOOK [00:00:19] Hi, I’m Nicky hosting alongside Nayoka.

NAYOKA OWARE [00:00:22] And we are joined by Pete Thompson and he is the CEO of Invisible Solutions LT, Invisible Systems LTD. How are you doing Pete?

PETE THOMPSON [00:00:30] I’m really well, thank you.

NAYOKA OWARE [00:00:31] Good. Are you excited about being here today at the event?

PETE THOMPSON [00:00:34] Extremely excited. It’s been very successful today. It’s been, it’s been the footfalls been quite low but the quality’s been very good. Very interesting day.

NAYOKA OWARE [00:00:44] Wonderful.

NICKY PENNYCOOK [00:00:45] So, Pete. Please tell us a little bit about Invisible Systems and your vision when you first began.

PETE THOMPSON [00:00:51] OK. So Invisible Systems, we are 16 years old. 17 years ago, I remember I put a system into it into a factory monitoring conditions with my previous role in the business I was working with. And this was a monitoring solution for a sterilization process. And I was talking to the group technical director it was a large company, it had 50 sites around the UK. And I was quite proud to put this system in. But he said this is just another system. Loved the system, you know it validated the process that he that he was requiring to monitor, but it was just another system for him. And on top of the other fifteen or sixteen systems they already had in the in the factory. So I actually said to him if you put up one system that was suitable for those various applications that he’s got, would it be of interest. He said, well, yeah, that would be eureka but it doesn’t exist. So I actually travelled to the US on a trip, a business trip. But on the way back, I digested this opportunity and thought, you know why don’t I, I was in my late 30s. Why don’t I actually want to develop a system that’s wireless, general purpose that can be connected to virtually any sensor. And then a software platform that can be suited for different applications, really fulfilling the discussion that we were having. So that’s what I did. I got back, I resigned from my job and I started Invisible Systems.

NICKY PENNYCOOK [00:02:24] That’s great.

NAYOKA OWARE [00:02:24] That’s definitely a leap of faith, well done to you. What range of IoT applications have you created?

PETE THOMPSON [00:02:32] Okay. So we started in the food industry. So companies like Greggs the bakers, large food manufacturers, Green Corps. We developed a battery powered wireless temperature transmitter to collect those temperatures from food fridges and then a software platform that would actually provide compliance reporting and alarm notifications in the event of a fridge going over temperature. That was the first solution that we developed. As time went on, we were approached by more and more customers to develop different solutions. So we monitor water temperatures for Legionella compliance. And then again, all the associated software. We’ve got enviromental transmitters that will take things like temperature, humidity, CO2, even movement sensors. So, yeah, a really broad range of sensors for smart buildings, factories. We do vibration monitoring for industry 4.0 so we can predict preventative maintenance. Again, sending out alarm notifications in the event before a bearing housing becomes at risk. So we can provide business continuity for our manufacturers. So a real wide range of solutions for industry, for smart buildings, for utility companies. The opportunities are endless.

NICKY PENNYCOOK [00:04:00] They really are. Can you give us a bit about a success story around this?

PETE THOMPSON [00:04:05] Okay, so I said we started off in the food industry. Shortly our second real big customer was National Grid. They approached us because they their business, they’ve got over 300 high voltage transformer substations around the country. Transformers are generally placed after 25 years. That’s the life of a 400kv transformer. They decided that if they could extend the life of a transformer, then they could make massive savings and they could have massive positive impacts on the environment rather than replacing transformers. It cost millions of pounds to replace a transformer. So they had this idea that if they could continuously monitor a transformer when it was 25 years old, it could extend its life. So they approached us to do the connectivity to transformers, Monitoring that dissolved gas analysis, the cooling oil in a transformer we see as an indication on the condition of the transformer. And then extend it’s life. So here we are 15 years down the line after working with National Grid. Still monitoring those transformers that are still that could have been replaced 25 years ago. So, yeah, we feel real proud that we’ve you know, we’ve had great environmental impact, positive impact on not replacing those units and save National Grid a lot of money.

NAYOKA OWARE [00:05:35] Pete, what are your plans for growth and strategy?

PETE THOMPSON [00:05:39] Okay, so are plans for growth and strategy are numerous. We’ve got this established IoT product. IoT is not new. This is to say we’ve been doing this for so many years, but we’re finding objections from customers when we’re trying to take IoT to the market because because of the increased awareness now there’s more and more opportunity for supplying IoT. But the common problem we come up against is the capital outlay issue. So we’re offering data as a service now, so providing devices and connectivity without any capital outlay. It’s sold as a service. And also we’re looking to reduce carbon, you know, with the 2050 government targets, where all the time looking at every opportunity, having the positive impact on carbon reduction. A recent development that we’ve just made is monitoring construction sites. So with a view to reducing carbon emissions, controlling the energy consumption on a on a construction site, load shedding. So if you can imagine when when all the work, the workers, the engineers get onto a construction site first thing in the morning, they turn everything on or they make a brew, make a turn the kettle on, they turn the heating on, and there’s a massive peak demand on energy. So they’ve got to size a generator for that construction site suited to that maximum demand. So that could be, for example, a hundred KVA. But the typical consumption during the normal business on a construction site is around 50 KVA or even less. So what we’ve done is we’ve developed a system to monitor the load from a construction site and start to load shed to avoid the need for a hundred KVA reduced that down to 30 or 50 KVA. And that’s got that’s resulted in a 30 percent saving in carbon and cost. So all the time we’re looking to reduce cost, carbon and really improve the environment.

NAYOKA OWARE [00:07:55] That’s incredible. Thank you so much for joining us. It’s been a pleasure speaking to you.

PETE THOMPSON [00:08:00] Thank you, likewise.

NAYOKA OWARE [00:08:02] Thank you for watching.