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FutureMain Strengthens Middle East Presence with AI-Powered Predictive Maintenance PoC in Collaboration with Saudi Aramco

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FutureMain Strengthens Middle East Presence with AI-Powered Predictive Maintenance PoC in Collaboration with Saudi Aramco
News

News

FutureMain Strengthens Middle East Presence with AI-Powered Predictive Maintenance PoC in Collaboration with Saudi Aramco

2025-01-13 08:14 Last Updated At:08:21

SEOUL, South Korea--(BUSINESS WIRE)--Jan 12, 2025--

FutureMain Co., Ltd., a leading provider of industrial AI-based predictive maintenance solutions, announced that it has successfully completed a proof of concept (PoC) with Saudi Aramco, Saudi Arabia’s state-owned oil company. Building on this achievement, the company has advanced its development efforts to complete a pilot project with upgraded functionalities by the first quarter of 2025. This marks a significant step in accelerating the entry of FutureMain’s flagship ExRBM solution into the Middle East. By leveraging localized technical support and robust networks, FutureMain aims to position the region as a strategic bridgehead for global expansion.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250109781597/en/

The ExRBM solution is an AI-driven predictive maintenance technology designed to monitor equipment conditions in real time, predict potential failures, and enable proactive responses. Notably, ExRBM excels in minimizing downtime and reducing maintenance costs through automated diagnostics that are tailored to specific types of equipment failures. This advanced technology is powered by FutureMain’s proprietary AI algorithms, which leverage 37 years of engineering data. Particularly well-suited to addressing the operational challenges of local industries, ExRBM offers a comprehensive solution to optimize facility management and enhance operational efficiency.

FutureMain has cemented its presence in the regional market by participating in prominent industry exhibitions such as GITEX and ADIPEC, where it has showcased its innovative solutions and technological expertise. Through these efforts, the company has signed MoUs with seven organizations, including Vestigos, Next IT, Colonel, Sensoteq, and Al Bahlaq. FutureMain is also in discussions with over 15 companies regarding local partnerships. Moreover, pilot projects for AI-powered facility diagnostic measurement systems are underway with entities such as UAE ADNOC Onshore, Offshore, and GAS.

Lee Sun-hwi, CEO of FutureMain, said, “We’re thrilled that the technological capabilities of ExRBM have been recognized once again in the Middle East through our successful collaboration with Aramco. We will remain committed to establishing FutureMain as a leader in AI-powered predictive maintenance technology across the Middle East by continuously expanding our global partnership network.”

FutureMain expands its Middle East footprint by completing a PoC with Saudi Aramco for its AI-powered ExRBM predictive maintenance solution (Image: FutureMain)

FutureMain expands its Middle East footprint by completing a PoC with Saudi Aramco for its AI-powered ExRBM predictive maintenance solution (Image: FutureMain)

FutureMain showcases its AI-powered predictive maintenance solutions at prestigious exhibitions in Middle East (Image: FutureMain)

FutureMain showcases its AI-powered predictive maintenance solutions at prestigious exhibitions in Middle East (Image: FutureMain)

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IRS will lay off thousands of probationary workers in the middle of tax season

2025-02-16 00:38 Last Updated At:00:40

WASHINGTON (AP) — The IRS will lay off thousands of probationary workers in the middle of tax season, according to two sources familiar with the agency's plans, and cuts could happen as soon as next week.

This comes as the Trump administration intensified sweeping efforts to shrink the size of the federal workforce, by ordering agencies to lay off nearly all probationary employees who had not yet gained civil service protection.

It's unclear how many IRS workers will be affected.

Previously, the administration announced a plan to offer buyouts to almost all federal employees through a “deferred resignation program” to quickly reduce the government workforce. The program deadline was Feb. 6, and administration officials said employees who accept will be able to stop working while still collecting a paycheck until Sept. 30.

However, IRS employees involved in the 2025 tax season were told they will not be allowed to accept a buyout offer from the Trump administration until after the taxpayer filing deadline, according to a letter sent recently to IRS employees.

It is unclear how many workers will be impacted by the layoff announcement plan. Representatives from the U.S. Treasury and IRS did not respond to Associated Press requests for comment.

Jan. 27 was the official start date of the 2025 tax season, and the IRS expects more than 140 million tax returns to be filed by the April 15 deadline. The Biden administration invested heavily in the IRS through an $80 billion infusion of funds in Democrats' Inflation Reduction Act, which included plans to hire tens of thousands of new employees to help with customer service and enforcement as well as new technology to update the tax collection agency.

Republicans have been successful at clawing back that money, and billionaire Elon Musk and his Department of Government Efficiency have called for the U.S. to “delete entire agencies” from the federal government as part of his to radically cut spending and restructure its priorities.

Elected officials are trying to fight against DOGE plans. Attorneys general from 14 states challenged the authority of to access sensitive government data and exercise “virtually unchecked power” in a lawsuit filed Thursday.

The lawsuit, filed in federal court in Washington, says the actions taken by Musk at the helm of DOGE can only be taken by a nominated and Senate-confirmed official. It cites constitutional provisions that delineate the powers of Congress and the president.

President Donald Trump listens as Elon Musk speaks in the Oval Office at the White House, Tuesday, Feb. 11, 2025, in Washington. (Photo/Alex Brandon)

President Donald Trump listens as Elon Musk speaks in the Oval Office at the White House, Tuesday, Feb. 11, 2025, in Washington. (Photo/Alex Brandon)

FILE - The sign outside the Internal Revenue Service building is seen. May 4, 2021, in Washington. (AP Photo/Patrick Semansky, File)

FILE - The sign outside the Internal Revenue Service building is seen. May 4, 2021, in Washington. (AP Photo/Patrick Semansky, File)

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