RTI Announces Record Growth and IIoT Market Traction
Real-Time Innovations (RTI), the Industrial Internet of Things (IIoT) connectivity platform company, announced record growth: RTI followed up its 31% annual growth in 2015, with 42% in 2016 and another 48% in Q1 of 2017, doubling in just over two years.
RTI Connext DDS subscription sales to existing customers is growing 140% (“SaaS” retention), indicating that RTI’s customers are successful, loyal and growing. In addition to expanding within its existing customer projects, such as those at GE Healthcare, Audi, Siemens Wind Power and Raytheon, RTI also on-boarded more than 140 new projects in the last year, reaching 1,000 design wins as of Q4 2016. While RTI is an established leader across the IIoT, the company delivered especially strong traction in the transportation, energy and medical markets. RTI is also a key leader in industry consortia defining the market, such as the Industrial Internet Consortium (IIC) and the OpenFog Consortium.
Transportation: Enabling the Rise of Autonomy
According to IHS Automotive, autonomous car sales will hit 21 million by 2035. RTI is a key player in this exploding autonomous car (carbot) market. RTI now has more than 10 autonomous car customers who are beyond the research stage and entering final proof-of-concept or full production-track status. Most production vehicle programs are major multi-billion-dollar investments. RTI’s involvement spans the exciting range of vehicles including major-brand passenger cars, campus vehicles, trucks and electric-vehicle startups, as well as futuristic systems, such as flying cars and hyperloop. RTI also experienced strong growth in more traditional transportation markets such as rail, avionics and ship systems.
Medical: Improving Care with Connected, Intelligent Devices
Today’s medical devices are independent boxes; they don’t even know if they are connected to the same patient. With RTI’s help, tomorrow’s medical devices will work both together and with intelligent software to greatly improve 24/7 medical care. In 2016, GE Healthcare became RTI’s single largest project. GE’s new RTI-powered design will connect more than 300 types of hospital devices. RTI has many other medical applications including imaging CT and ultrasound, emergency medical systems, and large treatment systems, such as Proton Beam Radiation Therapy (PBRT).
Energy: Increasing Practical Use of Renewables
RTI is a key leader in the transition to green energy, now with production programs in major hydro and wind generators. RTI’s software powers the massive 6.8 GW Grand Coulee Dam, North America’s largest power plant of any type. Siemens Wind Power uses RTI software in its most advanced product lines, now also in production. RTI is also a leader in integrating renewables into the power grid. RTI worked with the Smart Grid Interoperability Panel (SGIP) to develop the Open Field Message Bus (OpenFMB) architecture. It will allow for more efficient use of solar and wind energy in the nation’s power grids.
“This last year has been a real turning point for the Industrial IoT,” said Dr. Stan Schneider, CEO at RTI. “The visions of the past are turning into reality. RTI has seen unprecedented growth in projects, customers and revenues. Even more exciting, the market is still young with only a few IIoT projects in production today. It’s truly an honor to be trusted by so many billion-dollar programs and futuristic systems.”
To help the industry understand the new technologies, RTI recently launched a Getting Started program. This program is a web and email-based offering that provides the hands-on guidance required to implement RTI Connext DDS™ into robust IIoT systems.
About Real-Time Innovations (RTI), Inc.
Real-Time Innovations is the Industrial Internet of Things (IIoT) connectivity company. The RTI Connext® databus is a software framework that shares information in real time, making applications work together as one, integrated system. It connects across field, fog and cloud. Its reliability, security, performance and scalability are proven in the most demanding industrial systems. Deployed systems include medical devices and imaging; wind, hydro and solar power; autonomous planes, trains and cars; traffic control; Oil and Gas; robotics, ships and defense.
RTI is the largest vendor of products based on the Object Management Group (OMG) Data Distribution Service™ (DDS) standard. RTI is privately held and headquartered in Sunnyvale, California.