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Control of TextilesTestimonials
The impossible made possible
Textile lifecycle management is defined as the process of production, usage and disposal of an article. It is surprisingly difficult, and over the last two decades much effort has been put into resolving the issues that seriously impacted daily operations of hotels and hospitals.
Unfortunately, it has become clear that no definitive solution has been developed to gain full control of textiles in circulation. The inefficiency in operations has financial implications and, increasingly, has significant environmental consequences. Most textiles items end up as waste, and are an increasing component of landfills, estimated to exceed 100 billion pounds globally.
To that purpose, we developed TaaS: Textiles as a Service, a track and trace system that unlocks fundamental benefits for any industry using industrial textiles. It controls the full lifecycle of the assets, from production and delivery, through usage, to reuse or disposal.
At the core of TaaS is Fides, our UHF RFID-enabled technology platform that identifies ‘connected’ objects, i.e. equipped with a UHF RFID chip , collects data about them, and transmits those data through the Internet of Things with little or no human intervention.
We have developed industry-specific value propositions for all operators in admittedly independent, but very much interconnected industries: hotels, hospitals, laundries and textile manufacturers.
One of the largest financial benefits of TaaS is the option for lease which, to date, has never been a viable concept, as industrial textiles were always considered assets without a residual value, and banks were not interested in financing these products.
However, TaaS gives full visibility of each article during its lifecycle, and as such, a residual value can now be calculated in real time. Thus, we transform what today is treated as a low-value volume article into a high-value asset that can be traded like any other asset with a residual value.
Please, contact us if you want to know more about how TaaS delivers your company operational, financial, health and safety and environmental benefits.
April 3rd, 2020
Our tracking system TaaS, Textiles as a Service, is the product of integrating UHF RFID with other innovative technologies. RFID, an acronym for Radio Frequency Identification, is a wireless communication technology that uses radio waves to identify and track objects. […]Read more
April 17th, 2020
Textiles and the environment
At LossLess Group , we consider it one of our primary responsibilities to help flatten the curve of environmental mismanagement. We operate in interconnected industries that have a common denominator: Textiles, a one trillion dollar annual market. According to the […]Read more
May 1st, 2020
Making IoT work for us
There are countless descriptions of the Internet of Things, and even more fancy infographics to visualize functionalities and benefits. Basically, to explain how it all works. To use one such description: the Internet of Things is a system of interrelated […]Read more