Aric Pryor is the president of Quarion Technology.
An Evansville-based company is using Internet of Things technology to improve forklift safety. Quarion Technology has created a platform that uses real-time GPS data to help prevent accidents with mobile equipment. President Aric Pryor says in his 30 years in heavy industry, he has seen the dangers of mobile equipment in the workplace. He says he's also noticed how the industry has not adapted to those dangers to try and prevent them, which led to his idea for Quarion.
In an interview for The Innovators with Dr. K on Inside Indiana Business Television, Quarion President Aric Pryor talked about the benefits of the technology.
"Because we do real-time location precisely and fast, we can do 20 times a second six-inch precision, we can actually now take control and do things to the forklift whereas in the past, there were just alarms and lights and they were failing to solve the problem," said Pryor. "So, we can configure zones pretty well anywhere in the building and cause actions to trigger or slow down or stop a forklift."
Pryor says there are over one million forklifts in the U.S., which creates a large market for his technology. He says the growth potential is high for Quarion but says more marketing efforts need to be implemented to let companies know the technology exists.
Pryor says he is in negotiations with potential investors to bring in growth capital and hire more employees and jump start a marketing strategy.
By Brian Harris Executive Creative Director, Bradley and Montgomery
It may sound like a marketer’s dream scenario: efforts have proven to be so successful it appears a company has completely saturated their target audience. While it may be a good problem to have, it still may be a problem. Hitting a marketing plateau is an opportunity for companies in any industry to reevaluate, re-energize and come to the table with new ideas for better understanding existing customers and engaging new audiences.
Last month, it became legal for Hoosier farmers to grow hemp and a Gas City-based startup is being aggressive in being among the first to take advantage of market opportunities. Heartland Harvest Processing is helping farmers connect the new agricultural commodity to consumer products, including CBD. Founder and Chief Marketing Officer Chris Moorman says the first hemp harvest under the new law is expected to begin next month. In an interview with Business of Health...
The Michigan City Common Council has formally committed to contribute $12 million towards the proposed $416 million Double Track project for the South Shore commuter line. Our partners at The Times of Northwest Indiana report the council voted unanimously to pay $7 million upfront and finance the remaining $5 million through a 20-year bond issue.
The state of Indiana has announced plans for what it says is a first-of-its-kind 5G hub. Launching in October, the Indiana 5G Zone aims to "attract business, foster innovation and propel research and development in 5G-enabled advanced technologies." The hub will be located inside the new downtown Indianapolis headquarters of the nonprofit Eleven Fifty Academy. The Indiana 5G Zone will include a 3,000-square-foot research lab, which will be used to develop and test...
Ethanol production at an Indiana biofuels plant will be stopped and the owner blames Environmental Protection Agency policies and the oil refining industry. South Dakota-based POET Energy announced the plant in Cloverdale will be placed in “idle production” within several weeks, though no date has been set. The ethanol producer says 100’s of local jobs will be impacted, but the news release did not specifically mention “layoffs” at this point.
The second annual Exhibit Columbus will open Friday with a variety of events. Organizers say the two-day opening weekend will showcase architecture, art, and community in celebration of the city's design legacy.