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Combining big data with detailed process knowledge, EFT and Big River
Steel are solving one of the steel industry’s biggest pain points.

WICHITA, Kan.–(BUSINESS WIRE)–EFT Analytics (EFT), a leading provider of predictive analytics, process
optimization and energy management solutions, is working with Big River
Steel, a leading scrap recycling and steel production company, to help
increase production efficiency and reduce unplanned downtime. EFT is
performing its work at the steelmaker’s Arkansas-based facility, the
world’s only Flex Mill™.

EFT’s advanced analytics software platform CORTEX™ is providing Big
River’s operations team unprecedented visibility into the data behind
complex steelmaking processes at the facility. One of the first results
of these efforts is a solution to the industry-wide problem of strip
breaks which occur at the welds in the continuous galvanizing process.

“EFT Analytics continues to partner with us to unlock the predictive
patterns created by the data our facility generates. Our focus on big
data mining is one of the reasons Big River Steel has come to be known
as a technology company that just happens to make steel,” said Dave
Stickler, CEO of Big River Steel. “All those involved in the steel
industry know strip breaks are a challenge. Since implementing the
solutions EFT helped develop, we’ve gone from several strip breaks a
month to near zero, keeping our employees safe and improving our
bottom-line profitability.”

“The EFT and Big River teams used CORTEX to analyze more than six months
of data that allowed us to identify the set points that gave the highest
probability of a successful galvanizing line weld,” said Brent Youngers,
president of EFT Analytics. “We continue to be grateful to the Big River
team for the trust they place in our partnership to help solve some of
the biggest challenges in the steel industry, and we look forward to
working side-by-side with them to keep the Big River Steel facility at
the forefront of the market.”

Since operations began in 2017, Big River has provided steel products to
more than 200 customers in the automotive, energy, construction,
distribution and agricultural industries.

For more information and to discuss implementation of an advanced
analytics platform, please contact hello@eftanalytics.com.

About EFT Analytics

EFT Analytics provides SaaS based advanced analytics solutions for large
industrial companies. EFT is located in Ireland, New York, and Kansas
and is a subsidiary of Koch Industries, one of the largest private
companies in the world. By combining our advanced analytics software
with Koch’s business philosophy and operational excellence, we are
providing a world-first, highly unique concept that’s proven to deliver
results. EFT provides predictive analytics, process optimization and
energy management solutions for more than 100 blue chip clients all
around the globe. More information is available at www.EFTanalytics.com.

About Big River Steel

Big River Steel takes a visionary, entrepreneurial approach to the
ever-changing American manufacturing industry by reimagining what it
means to be a steel company in the global marketplace. From the Flex
Mill™ equipment, to AI technology, to the partnerships with academic
research institutes, Big River is daring to be more than what you’d
expect from a steel company. Big River knows innovation is alive and
well in steel, and they’re excited to be leading that charge. More
information is available at www.bigriversteel.com.

Contacts

Jamie Mullen-Hearn
Koch Communications Marketing
jamie.hearn@kochcm.com