Xerox's (XRX) PARC Spins Out Novity

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Go back to Xerox's (XRX) PARC Spins Out Novity

Xerox’s PARC Spins Out Novity, a Breakthrough Predictive Maintenance Venture

November 2, 2022 8:00 AM EDT

NORWALK, Conn.--(BUSINESS WIRE)-- Xerox has spun out Novity, a start-up founded by Xeroxs Palo Alto Research Center that has developed and commercialized industrial predictive maintenance technology.

"PARCs goal has always been to incubate, launch and commercialize disruptive technologies, and Novity is an excellent example of this model in action, said Naresh Shanker, chief technology... More