03/06/2024

Watch Out Announces Major Investment from LISI Group

In a major announcement at Aéro Montréal, LISI Group has unveiled a significant investment in Watch Out, an industrial AI company spearheading a disruptive change in how precision parts are manufactured. LISI Group, whose Canadian operations are based in Montreal, ranks third in the world in the creation of aeronautical fasteners and assembly components.

“LISI is responding to a significantly increased demand for new aircraft at a time when skilled workforce shortages and re-shoring are disrupting the supply chain,” explains Watch Out CEO Sébastien Laporte, “Watch Out’s intelligent, autonomous system equips LISI to meet this demand while maintaining the highest standards of safety and quality.” Laporte explains that the Watch Out system constantly collects data and perfects the manufacture of these crucial components during the precision manufacturing process. The system has a working memory of every part created, which translates to constant improvement, 24/7.

“The Watch-Out solution, a technological feat of Machining 4.0, combines all the conventional machining cycles in a perpetual loop with a specific Artificial Intelligence. It is a virtually self-sufficient production machine that constantly self-corrects according to data generated and captured in real time on parts and tools. Much more than just an improvement on the performance offered by previous-generation machine tools, the Watch-Out solution represents a dramatic change in industrial paradigm aimed at eliminating the element of randomness in the treatment of chronic failures in the production chain.” Said Emmanuel Neildez, CEO LISI AEROSPACE

LISI’s investment in Watch Out is substantial, and will help propel Watch Out’s rapid growth. Sales in 2024 are expected to reach $30 million. Watch Out is a member of Aéro Montréal and a MILA partner, contributing to Montreal’s collective strength in the Aeronautic and AI sectors. LISI is the first client to benefit from the Watch Out system, which is currently in production in Europe. LISI plans for 20 machining cells to be in service by 2025.

Watch Out Executive Chairman Bernard Mariette underlines how important LISI’s contribution will be to the aerospace industry. “With a partner like Lisi and its teambehind us this technology has the potential to radically affect, not just how precision parts are made, but manufacturing writ large,” he says.

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