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Why FreePoint’s IIoT Solutions Have Quick ROI

The transition to industry 4.0 can seem daunting at first. How much will it cost? How will it fit my process? How long will training staff take? All common questions we get asked from manufacturers. The most common question we get asked is “how soon can I expect an ROI?”. Luckily, the answer is simple: VERY SOON. In fact, one client of ours managed to save $300 per day as a direct result of our machine monitoring, which allowed the system to pay itself off in less than a month.

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FreePoint adds to its Board of Directors

FreePoint is thrilled to announce that Richard Kostoff and Tom O’Brien have joined our Board of Directors, effective immediately.

Richard (Rick) Kostoff is the founder and Chair of Temple Rock Holdings Inc., and principal of Templar Investments Ltd. A former Deputy Chair of TD Securities Inc., Richard is a past board member of the Ontario Financing Authority and former Chair of the OCADU Foundation. He currently serves as a member of the Independent Review Committee for Fidelity Investments Canada Ltd.  Additional appointments include Chair of Smooth Commerce Inc., and the boards of Healthcare 365, Novari Health Inc., and Freepoint Technologies.

Tom O’Brien is a retired partner in PricewaterhouseCoopers LLP. After starting with the firm in 1973, he worked in both in the Windsor and Toronto offices. In 1998, Tom was asked to start the Canadian Automotive Industry Group in 1998, a role he held until 2009. He is currently President of Cooper’s Hawk Vineyards, Chairman of the South West Ontario Tourism Corporation, and Board member of the Windsor Essex Economic Development Corporation. He was also a Director and Acting Chair of the Yves Landry Foundation, a national foundation that was established after the death of Yves Landry, Chairman, President and CEO of Chrysler Canada Ltd.  The directors of the group are from some of the largest automotive companies in Canada, such as Magna International, The Woodbridge Group, Daimler Chrysler Canada, etc.

Rick and Tom bring a tremendous amount of industry and investment experience to our organization, as well as a great wealth of knowledge and critical relationships.  We are very excited to have them involved at the Board level as together we plan our course for the future!