Banner Engineering, a provider of technology for industrial automation, broke ground on a new R&D building at the company’s global headquarters in Minneapolis, MN. The new R&D building will allow Banner Engineering to create more than 225 new high-tech jobs locally, as well as accelerate new product development to meet the increasing demand for smart sensor technologies in factories around the world.
First founded in 1966 by engineer and entrepreneur Bob Fayfield, CEO, Banner Engineering has developed innovative sensor solutions to challenging industry applications since the early 1970s.
“Sensors have long been the eyes of the factory, but now the Industrial Internet of Things (IIoT) allows businesses to leverage sensor data in more meaningful ways,” says Carla Grafstrom, Vice President and Chief Operating Officer, “From remote monitoring to predictive maintenance for machines, IIoT capabilities help businesses make better, data-driven decisions. Because of this, the demand for IIoT-capable technologies, including smart sensors and controllers, is growing exponentially.”
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