Panevo's ioTORQ software continues to evolve and is primed to unlock further utility & emissions reduction across industrial facilities.
VANCOUVER, BC / ACCESS Newswire / September 4, 2025 / As part of a $2 million collaborative project, Panevo secured funding from Next Generation Manufacturing Canada (NGen) to enhance their ioTORQ Energy Management Information System with additional AI focused functionality.
The initiative will focus on utilities conservation at food processing facilities, where site services such as refrigeration, compressed air, hot water and steam, along with process heat loads, often account for the majority of energy use and GHG emissions. Even when well-monitored, these systems are seldom effectively linked to production assets and other utility drivers, and their control systems often can't analyze vast amounts of real-time data to take corrective actions. Therefore, a precise understanding of instantaneous utility performance is often impossible to achieve and, as a result, opportunities to minimize waste and reduce emissions are missed.
Collaborating with Bimbo Canada, a leader in sustainable food manufacturing, Panevo will deploy AI-driven solutions to boost energy performance as part of an innovative project to transform industrial control & monitoring systems. Comprehensive asset and site services performance data will be collected across multiple facilities to build a comprehensive AI training dataset. Panevo will develop a smart control module within ioTORQ that uses AI to continuously analyze assets, recommend optimal settings, and optimize energy efficiency.
The integration of state-of-the-art AI functionality within existing operational frameworks promises enduring energy and GHG emissions reduction. By embedding AI into everyday operational decision-making, the project will provide a model for Canadian industry to embrace digital transformation and enable sustainability gains and operational cost savings.
Industrial leaders interested in leveraging AI for energy optimization are encouraged to connect with Panevo to explore further partnership opportunities.
Quotes
"Thanks to support from NGen and Bimbo Canada, we're excited to both expand and accelerate the cutting-edge development of our ioTORQ EMIS platform," said Panevo's founder and CEO Craig Holden. "It's fantastic to be integrating the latest AI technologies for industry and for the Panevo team to continue to support Canadian manufacturing at a critical time."
"At Bimbo Canada, our purpose is to Nourish a Better World, and this includes integrating environmental stewardship into everything we do. With the support of NGen and Panevo, we're aiming to harness innovation and digitalization to reduce our environmental impacts and strengthen the food processing sector in Canada," said Jeff Robertson, Director of Environment & Sustainability for Bimbo Canada.
"NGen is pleased to support this collaboration between Panevo and Bimbo Canada," said Jayson Myers, CEO, NGen. "The project is a great example of how deploying advanced technologies not only drives business performance but also delivers significant environmental benefits to help Canada meet its sustainability targets."
About ioTORQ EMIS
ioTORQ Energy Management Information System software utilizes the latest technologies to manage utility & emissions performance, avoid losses and drive sustainable performance gains. From facility Energy Managers to Sustainability VPs, ioTORQ seamlessly engages stakeholders across organizations to maximize utility, cost and emissions performance. Learn more at www.panevo.com/emis.
Trusted by leading global brands, ioTORQ and Panevo are SOC 2 Type II certified.
About Panevo
Founded in 2013, Panevo provides energy conservation and process optimization engineering services. Leveraging expertise gained by working with corporations across a wide range of manufacturing sectors, the company has developed the ioTORQ suite of software products for energy conservation, lean manufacturing and utility bill management, which are utilized to deliver value for industry across North America. Visit us at www.panevo.com and follow us on LinkedIn.
About NGen (Next Generation Manufacturing Canada)
NGen is the industry-led not-for-profit organization that leads Canada's Global Innovation Cluster for Advanced Manufacturing. Its mandate is to help build world-leading advanced manufacturing capabilities in Canada for the benefit of Canadians. NGen works to strengthen collaboration among its membership of more than 5,000 manufacturers, technology companies, innovation centres, and researchers, and provides funding and business support to industry-led initiatives that aim to develop, apply, or scale-up transformative manufacturing solutions in Canada for commercialization in global markets. www.ngen.ca/membership
About Bimbo Canada
Bimbo Canada is Canada's largest bakery, operating for more than 113 years. It is a leading producer and distributor of fresh packaged breads and snacks with more than 1,000 products across 18+ brands Canadians know and love, like Dempster's®, Stonemill®, Villaggio®, Natural Bakery, POM, Vachon®, Little BitesTM and Takis®.
Bimbo Canada is a wholly owned subsidiary of Grupo Bimbo, the world's largest baking company. Together, we are nourishing a better world with delicious baked goods and snacks by building a sustainable, highly-productive and deeply-humane company.
For more, visit www.bimbocanada.com and follow us on LinkedIn, Facebook, Instagram and X.
Media Contacts
Craig Holden - Founder & CEO
info@panevo.com
Robbie MacLeod - Director Strategic Communications
robbie.macleod@ngen.ca
1-613-297-3578
Bimbo Canada Communications Media Hotline
BimboCanadaCommunications@GrupoBimbo.com
1-416-626-4316
SOURCE: Panevo Services Limited
View the original press release on ACCESS Newswire
