Startup firm Tool Stats provides cloud-based mold information

By Rhoda Miel
News Editor

Published: December 12, 2012 6:00 am ET

Related to this story

Topics Injection Molding Molds/Tooling
Companies & Associations

WARREN, MICH. (Dec. 12, 1:15 p.m. ET) — New software startup Tool Stats aims to help toolmakers, molders and their customers streamline production by maintaining a central database of mold data.

Warren, Mich.-based Tool Stats provides cloud-based storage of key mold production information, which then allows users to access that information anywhere at any time.

Toolmakers or molders may have their own in-house tracking systems, said Business Development Manager Sean Brolley, but that information can be difficult to share. A cloud-based system could allow a mold maker to upload information from production tryouts of a new mold, and have that information immediately available to customers and others in the supply chain.

Tool Stats received financial backing from Proper Digital, part of Warren-based Proper Group International, although the company is a separate, stand-alone operation, Brolley said in a Dec. 11 telephone interview.

Elements of Tool Stats debuted earlier in 2012, including a matrix bar code that can be placed on every tool to allow users to scan the code with a smart phone and access information about the tool. The cloud-based storage system and an on-line database which launched in November take the digital information access even further.

Users of Tool Stats log vital details about each tool onto an off-site computer, where that information is protected behind a password-enabled log-in linked to the tool number and bar code. That central storage can house information such as design, processing parameters, component schematics, maintenance logs and manufacturing history.

For an auto industry user – where the tool is owned by an automaker, made by a mold maker, used by a molder who may then ship parts to another system supplier – each person in that supply chain could conceivably access details on the tool during its build, during prototyping or during full production.

“Tools are being transferred and shipped all over the world, and this would provide a standardized process to track them,” Brolley said.

During production, the molder can use Tool Stats to log regular maintenance and share that log if problems arise. Rather than take the tool out of production to send it somewhere if there are problems during its use, a toolmaker could potentially spot a problem just from the maintenance log and diagnose the needed repair quickly, he said.

Users can also import design information from Tool Stats to their own internal software programs so they do not need to enter data into two separate files. That should help toolmakers and molders if the mold is transferred to another site for repairs or production, Brolley said.


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Startup firm Tool Stats provides cloud-based mold information

By Rhoda Miel
News Editor

Published: December 12, 2012 6:00 am ET

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