WonderLogix Ltd.

Filed under: Press Releases

23 May 2018 –

WonderLogix Ltd. has been selected for a €1.9M ($2.2M USD) equity-free investment by the EU’s Horizon 2020 SME Instrument program. The SME Instrument invests in companies that demonstrate world-class technology innovation, prove they have a sound business plan, and show great promise in becoming a profitable high-growth company. “Competition is tough—only the most convincing and excellent proposals get funded after a thorough evaluation by multinational panels of technology, business and finance experts.”

This investment will support WonderLogix’s enterprise platform enhancements and commercial expansion. It will allow for the development of Siemens PLC integration—to complement existing integration with Rockwell Automation/Allen-Bradley—and a live-monitoring control system dashboard.

Control systems run industrial facilities like power plants, water systems and factories, via programmable logic controllers (“PLCs”), industrial computers that are notoriously challenging to program. Twenty percent (20%) of accidents in industrial control systems are caused by PLC programming errors, leading to costly operations and unplanned downtime.

The WonderLogix enterprise platform provides the solution by replacing manual programming with reusable logic requirements in plain English, and automatically generating operational code and documentation. The benefits and potential of this disruptive technology are clear to anyone who works with PLCs and control systems. “The human language is the key driver and the automatic delivery of functional specs is a game-changer”, says Stan Spence, Regional Manager, Wunderlich-Malec, United States.

“I want to thank the EU committee that selected us. We know that the competition was fierce (and deserving!) and we’re proud to have been chosen. We want to improve PLC programming effectiveness and efficiency, with a significant, lasting effect on the industry. Our clients accelerate their time-to-market by at least 50%, by cutting out manual programming and documentation time, and minimizing commissioning time”, says WonderLogix CEO Gonen Ziv.

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