Welcome, everyone, to the SKF Tech and Innovation Summit. My name is Renato Neves, and I'll be your host for the event. We are excited to have you join us from around the world today. With climate change being one of the main challenges that our society faces today, this one-hour event is your opportunity to explore SKF's latest advancements in technology and innovation that will support your decarbonization journey and bring value to your business. At SKF, we are guided by our purpose to reimagine rotation for a better tomorrow because, together with our customers and partners, we create intelligent and clean solutions for people and the planet. When it comes to engineering solutions, we have been playing a leading role in meeting the evolving needs of our customers. Today, our experts will share technologically advanced and tailored solutions for industries like rail, machine tools, wind, and also heavy industries such as cement and mining. We have a robust agenda today, so let's get ready to experience how SKF is pioneering a smarter and greener future with much less environmental impact. Before I get started, I want to remind you all that today, after the summit, we will provide extensive access to the on-demand content. Stay tuned. To start the summit, I would like to invite SKF Group President and CEO Rickard Gustafson, and CTO and Senior Vice President, Technology Development, Annika Ölme. Rickard and Annika, how are you today, and how excited are you about this event? I'm excellent. I'm extremely excited today because innovation is such an important piece of our offering to our customers. We built this company on a strong heritage of customer-driven innovation, and we need to continue on that journey and also now showcase it in a broader way. I find it extremely energizing and exciting. I can only agree with that. I mean, for me, it's about us showing our capabilities and really sharing with the world how all of the technology and innovation we have since more than 100 years is bringing value to our customers, telling everyone about that. That makes me excited. It's very good. So we are all excited today, right? Excited. Very good. Now, let's discuss some key points. Right. I'd like to address my first question to you, Rickard. The decarbonization of industry is a hot topic right now, and sustainability and innovation remain a priority for our customers in this sort of race towards net zero. So can you tell us what steps SKF is taking to address increasing focus on sustainability in the industries? Well, I think actually we're doing quite a lot, and we are transforming this company driven by sustainability. Firstly, we have co-created in the company a purpose where the heart of the purpose actually is sustainability, where we constantly strive towards a better tomorrow. That purpose rests on the strategic framework that we call intelligent and clean growth, where also sustainability is the cornerstone and foundation for that framework. Today, I think we're very pleased to say that we don't have a sustainability strategy, but we do have a sustainable strategy, and that's a key difference. Yeah, that's fantastic to hear, Rickard. I mean, what I really like about that is that in the end, everyone is going to win, right? Because at the same time that we're going to help our customer become more sustainable, we also become more sustainable and remain competitive as well. Agreed. I have one for you as well, Annika. As technology evolves quickly, what are your thoughts when keeping up with the latest technology advancements at the same time that we need to deliver our existing commitments? Very good question. We have to be able to keep two thoughts in our mind here. We have to work with customer-centric innovation that really delivers something new and something valuable to our customers and in two ways. So first of all, we have to use all of our technology and innovation to improve our existing products to be the best, always be the best. The second part is bringing new technology and new innovations and really new products, breakthrough things to our market. So we have to do both. You talked about intelligent and clean, Rickard, and intelligent and clean is a part of both of those. Intelligent solutions using AI, machine learning to really deliver new breakthrough things, predicting the future in our customer's application. But also clean, how can we have low CO2 products, energy efficiency, low friction, really fight friction? Yeah. We have to do both. Yeah, very good. I mean, what I really like is the customer-centric innovation aspect of our development because in the end of the day, it doesn't really matter if you are improving an existing product or if you are creating new ones using a technology step-up. It is all about solving a customer problem somehow. Agreed. Since we focus into that, then everything works well. Yeah, fully agree with you. Yeah. To make things a bit different, I'd like to make a question to both of you now. A core belief that companies have today is that we all need to join forces, speed up, and really act now to tackle the climate challenges that we have today. I mean, I think we all agree that there's no time to wait anymore. We need to do things exactly right now. So can you both tell me how is SKF working with customers and stakeholders to deal with this new social challenge? Right. You're right. We cannot wait anymore. We have to be in the leading front of this and move fast towards a more sustainable future. At SKF, we are prepared to do our part in that. That comes in different shapes and forms. Firstly, we have set very aggressive and ambitious targets for ourselves. We will be net zero in our own emissions, Scope 1 and 2, by 2030. In that regard, I think a lot of that is within our own hands. We can do it. We can do the investments needed to replace some of the energy sources to renewable energy sources in our entire footprint. So that is ongoing. But then we need to have more ambitious targets than that, and we have. We said by 2050, we need to be net zero in the entire value chain, also Scope 3 upstreams. And then that's something we know we cannot do on our own. There we need to collaborate. There we need to engage with some of our suppliers to, it's primarily regarding to steel, to ensure that we get access to green steel. That's going to be key. So regardless of the slice and dice of this, we know that we have a lot to do on our own shoulders. We have a lot of responsibilities, but we also know that we need to work with our customers and our suppliers to make sure that we can deliver this. I think it has both to do with actually how do we support the clean industries that are emerging. Right. Also, how do we have clean offers to all industries because everybody is on the same journey as we are? Yeah. We have to work together. It's something we cannot solve alone. It's an urgent issue for the world, but we are really committed. Yeah. Yeah, no, very, I mean, for me, that is really inspiring, if I could say, right? It's really motivating because, I mean, it really shows that SKF is a lot more than just doing business, right? Yeah. It's really taking care of the people and the planet as well. That's very motivating as well, I need to say. The good news is there's no contradiction in that. We can do good things and do great business. Exactly. Do better for the planet than the people. That's pretty exciting too. Yeah, that's very exciting. I think along this summit, we're going to see many examples of this in real life. Indeed. Yeah. But at least my final question, at least for now, right, is to you, Annika. As a CTO, what are your thoughts on the role of innovation improving sustainability? So technology and innovation is absolutely required for us to be able to tackle our sustainability challenges, but also our customers. So if we don't, if we are not forward in our technology, in our innovation, we will actually fail on the sustainability challenge. So it is such an important part of it. And sustainable materials, you mentioned steel, Rickard. This is a key thing. We have to work with our suppliers to ensure that green steel is available and also green lubricants, other materials that we use, and also manufacturing technologies that are clean. So that is really at the forefront of technology and innovation in this context. But also, I would like to mention circular solutions, working with the full value chain with suppliers and customers to bring circular solutions like remanufacturing into the market. That is another way to actually avoid waste. Correct. Innovation, low friction, we are fighting friction to really have energy-efficient solutions. That is also really important because we know that 20% of the world's energy is actually used to reduce friction. We can really make an impact there. We can. Technology and innovation is what enables sustainability in the end. Yeah. Thank you very much, Annika. I mean, I need to say that you touched once again on my weak spot in that sense because, I mean, as a person working with innovation actively in SKF, I mean, for me, it's great to see that innovation is key to deliver this more sustainable future to us. Correct. Once again, I think we are all very excited about this. We are. Yeah. Thank you very much, Annika and Rickard. Thank you. Thank you. Now it's time to get to the heart of the event. Throughout the event, you'll hear directly from our experts and gain insights into our innovative solutions designed to cover a wide range of customer needs in different applications and markets. These solutions are intended to reduce downtime, minimize maintenance costs, reduce noise impact, and enhance operational efficiency, all while helping our customers achieve their business and sustainability goals. One major highlight of today is the launch of our Extreme super-precision bearings platform intended to develop customer-specific offers for increasingly demanding applications. Our first product is a solution for the rail segment, which is an essential part of our transportation infrastructure, providing efficient and sustainable travel for millions of passengers daily. As the industry evolves, improving passenger comfort and acceptance from communities remains a top priority for train operators. For SKF, these priorities are not different. This segment is crucial to us as it aligns with our commitment to deliver innovative and reliable solutions that drive progress and sustainability. Let's hear now from Francesco, our expert in condition monitoring, as he showcased an innovative approach to crack down rail urban noise and to remotely monitor tracks and train conditions, addressing the main challenges for rail operators. Up to you, Francesco. Hello. My name is Francesco. I work as product line manager for railway condition monitoring and based in Italy. And this is me. A few weeks ago, while I had a great time riding trains in the rain in Cologne, in Germany. You may ask yourself, why do I say that? Why Cologne? Well, in the next few minutes, you will understand why. But now, let's get it started. And allow me to say that I'm really excited to present the SKF smart approach to crack down train urban noise and to monitor rail tracks and train conditions. Now, let's get back to my rainy day in Cologne. And allow me to say that SKF helps many railway operators in achieving operational excellence. And today, I'm really proud and happy because joining me, there is our customer KVB talking about the benefits of SKF track and noise monitoring solutions implemented in Cologne public rail system. But I'll now stop so that we can hear and understand more directly from Christian Bürk, Railway Infrastructure Manager at KVB in Cologne, Germany. KVB operates one of the biggest urban rail networks in Germany. Due to the need for mobility change, the stress of outdated infrastructure will increase dramatically. Especially the track system has to be in best condition in time to guarantee safety, availability, economic asset lifetime, and acceptance by passengers and nearby residents. So KVB started a project to monitor and predict track quality by robust parameters without any additional inspection staff. In the past three years, KVB and SKF developed a user-friendly tool to monitor track quality 24/7 regarding the emissions by vibration and noise of the wheel track system. Therefore, up to 10 trains, approximately 2.5% of the whole fleet, are equipped with selected sensors and data loggers. Each train delivers data of about 7,000 kilometers of track per month. As a result, KVB is now able to localize track segments with worse quality all over the urban rail network in Cologne in real time. By analyzing the measured data in the Observer app, KVB is able to evaluate even the kind of upcoming damages. For all statistical issues, KVB is using the well-prepared Power BI dashboards coming from SKF and the automatic weekly reports. I am looking forward to optimize all these features together with SKF in the next month. Christian talked about the efficacy of the SKF monitoring solutions to automatically identify track damages and noise locations without additional inspection staff. Christian clearly stated how important it is for an operator like KVB to get acceptance from train passengers and nearby residents, so from city inhabitants. This last point is key. Indeed, let's see together what can happen when there is a problem. Not nice, right? Imagine you are living next to this rail track and you need to hear this terrible sound multiple times a day. Or you are on this train as a passenger. That unpleasant screech will still be there. Where does this problem come from? This problem is there when a train approaches a bend, a curve, and there is poor lubrication at the contact between the train wheel and rail track. This problem is also known as curve squealing. I guess we all agree we're talking about a very unpleasant noise. So we now understand the problem, but what is difficult is how to automatically identify those noisy track locations. As Christian says, just for a city of almost 1 million inhabitants like Cologne, a train does 7,000 kilometers of track per month. So it is very ineffective or impossible to send people around and check if there is really any noise or not. But this is how it is still done in many cities. Well, with the SKF IMx-Rail condition monitoring system, this is no longer needed because the IMx-Rail makes the train more intelligent and able to automatically identify problems. Let me show you. This is a map of Cologne city in Germany, and the noisy locations are those dark red spots. This type of web visualizations is what KVB uses daily to immediately understand where the problem is. But now, let me explain a bit how we get there and how we build this map. We do equip the train with just one IMx-Rail system for onboard data collection. The system includes vibration sensors and microphones and automatically transmits data to the SKF cloud. We then have the SKF algorithms to automatically identify problems. And the final step is all about publishing the actionable information into the SKF web dashboards. And here is the physical installation of the system on KVB trains. You can see the IMx-Rail black box there in the middle of the train chassis, plus we're having rugged microphones heading toward the wheels to measure the noise soundtracks. But this is just half the story. Indeed, the question is, okay, but what to do when there is a problem, when there is a noisy event? Well, the most effective solution is to lubricate the train wheel and rail track contact. And this can be done either onboard the train, always adding the track, and the most optimal lubrication strategy can be identified using the SKF IMx-Rail data and SKF noise visualizations. And now, having said this, the IMx-Rail system is also capable of detecting damages on the track and let me add on the train as well. And here indeed, we can see an example of track and train bogie components dashboards. Here, let's go directly to the point. The IMx-Rail helps in predicting damages before they lead to severe rail system failures. And this is key to avoid costly, but also dangerous service disruptions. But this also helps in scheduling track and train maintenance when needed as a function of the components' conditions. So we now summarize, and I believe we all recognize how the combination of SKF IMx-Rail and SKF lubrication solutions leads to happy neighborhood and train passengers because of quiet train traffic, safer train journeys, but also cost savings for a train operator coming from track and train condition-based maintenance. In a very few words, this innovative approach improves the overall efficiency and sustainability of urban rail systems, benefiting both communities and railway operators. And we're now at the end of my talk. So thank you all for joining me today. Goodbye. These solutions mean 24/7 condition monitoring of railway. This is how we can have much better reliability and performance in an industry where sustainability is at the core. Right. Exciting. And if I take the consumer perspective as a passenger, it also provides more quiet, more comfortable, and hopefully also more reliable journeys. It is great to see how this solution addresses not only a technical need, but also reflects in a positive way on the comfort of passengers, communities, and train operators. It's a perfect win-win. Moving on to our next solution. Cutting down downtime and maintenance cost is a challenge faced by every industry. I now invite my colleague Richard to answer a crucial customer concern. Is there a reliable way to extend bearing lifespan and reduce expensive downtime all while improving worker safety? Let's check it out. Hello. I'm Richard Law, and I'm responsible for leading the global product line and business development for split bearings in SKF, and I'm based in the U.K. Today, we want to present a solution to a real-life challenge. We want to talk about how we can minimize shaft and driveline disruption, significantly reduce maintenance and downtime costs, and ensure safety. Customers have faced expensive challenges when replacing traditional bearings in tight and hard-to-reach spots, for example, in between a conveyor's pulley and a gearbox. This can often lead to very costly and time-consuming processes, such as realigning gearboxes, dismounting drive couplings, or even renting external equipment. Our customers are seeking bearing solutions that can be easily installed in situ, minimizing interference with the shaft, improving worker safety, and significantly reducing maintenance and downtime costs. At SKF, we're built on a history of problem-solving and innovation. From our spherical roller bearing journey that started over 100 years ago to today, working on our new split spherical roller technology with SKF Cooper split bearings. Let's show you a real example of how a mine in the USA is using SKF Cooper sealed split spherical roller bearings. This mine has conveyor pulley heads operating for around 18 hours per day. Unplanned downtime is a critical KPI. With traditional bearings, any issues in operation that are unforeseen can cause lengthy bearing replacements. On the trapped position in the shaft, this typically equates to around 1 day of unplanned downtime. To reduce downtime, our customer installed an SKF Cooper sealed split spherical roller bearing, reducing interference with the shaft, improving worker safety, and reducing unplanned downtime by 10 hours, avoiding around $100,000 of lost production. Using SKF Cooper sealed split spherical roller bearings reduces the hassle and improves productivity and safety. Now it's time to introduce the newest range to this product line: smaller sizes below 200 mm bore diameter. These bearing solutions are real problem solvers, typically reducing mean time to repair by up to 70%. They allow for time-saving in situ bearing replacements on the trapped position on conveyor pulleys, bucket elevators, escalators, plus other applications mainly in the heavy and process industries. To support our customers' increasing productivity in the field, we offer longer service life than other split bearings, sealed as standard, plus wire-cut inner and outer ring manufacturing. SKF Cooper sealed split spherical roller bearings support our customers for easy in-situ bearing replacements, especially in the trapped application positions, minimizing shaft alignment and driveline disruption, significantly reducing maintenance and downtime costs, and ensuring maximum productivity and safety. These sealed bearing solutions really provide an opportunity for hard-to-reach, tough environments, and we can really solve a customer problem here. The good thing here is, of course, the reduced maintenance time. That's a massive change. Right. And also from a safety point of view, for the maintenance crew, this also provides significant value and less risk, which is extremely important. Well, first of all, congratulations to Richard and the team for developing such a great solution. This solution proves how easy maintenance is an important feature and can have a very positive impact on operations. These bearings are a great example of designing with both the application and the customer in mind, ensuring efficiency, safety, and cost-effectiveness. Moving on to the next, meet Henrik, who will introduce us to our new TXL seal for housings that prevent contamination, helps reduce breakdowns, and unexpected machine downtime. He will also share about SKF Product Select, your online tool for choosing bearings, housing seals, and additional components, easy to use and tailored to your needs. Handing over to you, Henrik. Hello. My name is Henrik Säleback. I work as product line manager for mounted roller bearings, and I'm based in Gothenburg, Sweden. I'm here to present a unique solution, our TXL contacting lip seal for our SNL plummer block housings. An unfunctioning seal in a mounted bearing solution is, in many cases, the root cause of frequent unplanned stops. It can, for example, make the lubricant become ineffective. We can get the ingress of dirt and water into the bearing. We can have an early bearing failure. We can lose the rigidity of the seal. And this is just to mention a few. Any of those could lead to a premature bearing maintenance need with the associated replacement cost. To address these challenges, we at SKF have developed a unique solution, the TXL contacting lip seal, engineered to complement our SNL split plummer block housings. This seal stands out for a few things. It is optimized for durability, made from the SKF Ecopur material for excellent mechanical properties, wear resistance, low friction, and chemical stability. This results in reduced energy consumption and CO2 emissions. It is flexible. It is delivered as a solid ring, or you can choose to have it split thanks to a pre-cutting the seal. You can split the seal by hand. It can accommodate circumferential speeds up to 11 meters per second and misalignment up to 1 degree without increasing seal friction. It is offered in a broad range. You can choose from 36 standard sizes or opt for the TXL-P version for tailored solutions, machined with SKF Seal Jet systems to match the specific requirements. SNL plummer block housings equipped with the TXL seals offer excellent protection against heavy contamination combined with low friction in industries like mining, metals, fluid, agriculture, and wood processing. A few examples of applications are conveyor pulleys, industrial fans, food processing equipment, feeders, and chippers. Configuring a complete mounted bearing solution, including bearing, housing, seal, and other components, can be quite time-consuming and complex due to various geometrical constraints and product features. I will now present to you how you can configure a complete mounted bearing solution, including this TXL seal. We present the SKF Product Select tool, an intuitive online tool that offers several benefits for engineers and maintenance professionals. The SKF Product Select tool is a product selection and evaluation platform that incorporates functionalities from previous tools like SKF Bearing Select and SKF Housing Select. It is designed to be fast, user-friendly, and available in multiple languages, providing on-the-fly results based on an up-to-date bearing database. With the recently added industrial seal selection content, you can easily search, compare, and select more than 9,000 industrial seals. The benefits of using the SKF Product Select tool are many. It is time-saving. The tool enables users to quickly configure a complete multi-bearing solution, reducing the time and the effort required for manual selection and compatibility checks. It simplifies the process. With its intuitive interface, the tool simplifies the complex task of selecting and combining various components based on geometrical constraints and product requirements. In addition, the dynamically updated bill of material provides accuracy in component selection, minimizing the risk of errors or compatibility issues. It is convenient. The ability to download the bill of material as a PDF allows users to easily reference and share the configured solution for further analysis or procurement. This solution shows really how new and innovative materials can really bring customer value. Much better maintenance again. We have another solution like that. Great for our customers with these new seals. The seals are actually so important for the bearing operation and the reliability of all of our products. But it also ties to our digital journey, doesn't it? Yeah. Where it also provides a more easy access for our customers to select the right product for their usage, which is also a key thing. Intelligent and clean. Yeah. What fascinates me about this solution is that. That to us is not only important to create solutions to protect the environment. The TXL contacting lip seal reduces energy consumption and lowers CO2 emissions. At the same time, that is durable and reliable. It's a great job, team. Our next product is a solution for the wind energy sector, where SKF has been actively providing innovative solutions for many years, demonstrating its commitment to green energy. Next, Martin, we explain how SKF advanced technologies are customized for wind turbine manufacturers and aftermarket service providers, introducing you to SKF DuraPro. Over to you, Martin. Hello. My name is Martin Göbel. I'm working as a product development and engineering manager in Wind, and I'm located in Schweinfurt in Germany. Reducing our global footprint is one of the most demanding and most pressing themes we are facing currently. The wind industry is playing a crucial role in this transformation, as wind energy will play a prominent role in the long-term energy production mix. The risk aversion in the wind industry is generally high. It's requiring robustness. Our customers are seeking main shaft bearing arrangement solutions that provide longer calculated bearing life, higher safety margins, the possibility to do turbine upgrades while keeping the same outer dimensions, and weight reduction, cost saving, and more compact drivetrains for new turbines to limit the logistic effects. Therefore, the turbine trends are towards turbine upscaling in size, increasing turbine life, and reducing the so-called levelized cost of energy. This basically drives everything. There are basically three ways to improve the economics of a wind turbine. First, to increase the blade length for higher annual energy production, to increase the power rating of the turbine as such, and to generally reduce operation and maintenance cost. Wind turbine manufacturers are facing strong competition. To them, it's of utmost importance to have a strong product portfolio to offer. Due to logistics and handling constraints, all turbine components are pushed to their limits. New solutions are required to improve performance without growing the size of the components. Our development team took the challenge and packed latest innovations into what is called SKF DuraPro for wind turbine main shaft. Here, I want to mention the Sven Wingquist Test Center. It's a powerful tool in bearing development and also in validation. Have a look at the video. This is the largest wind main shaft bearing test center in the world. This test rig can put powerful data at your fingertips, simulating a wind turbine's lifespan of 20-30 years in just weeks. Find out how that data is making the wind industry more effective. SKF DuraPro for wind turbine main shaft is an application-specific offer. It's applied for increasing reliability, and it's offering higher performance within the available mounting space. Material and heat treatment improvements with increased material fatigue properties, better wear resistance, and lower impact of contaminations are building a solid base for reliable high performance. Improved raceway roughness and raceway topography, optimized for performance and mixed lubrication conditions, enables upgraded micro-load distribution, improved film buildup, and so reduced risk of micro-pitting. We also looked at the roller raceway contact with optimized contact conditions and application-specific logarithmic profiles, which are providing superior load distribution. This product comes with all aspects of high quality. The consequent adjustment of SKF and ISO factors in bearing life calculation reveals an up to double calculated bearing life compared to standard bearings. SKF DuraPro for wind turbine main shaft enables keeping bearing size down in higher turbine rating projects and also in turbine upgrades. SKF DuraPro for wind turbine main shaft enables meeting longer design life within the same mounting space through increased life rating. It improves robustness under mixed lubrication conditions and thus reduces the risk of micro-pitting. But listen to our customers, what they are saying. [Foreign language] Thank you, Martin, the team. Very interesting development. Annika, could you share thoughts on how this new product supports SKF's commitment to sustainability and innovation, especially in the wind energy sector? The wind energy sector and the wind industry is, of course, a clean driver itself, creating green energy for the world. That's important in itself. True. For us, it's therefore important that we work closely because there are some specific and very tough demands on the solutions that we make for the wind industry. Here, the DuraPro offer is a really good example of where we design something for that specific application. So really innovation, which is customer-centric. Here we have an ability to have a longer life, better power density within the same geometric part. Actually, that means for the wind industry that they can design much better wind turbines in the end. That's how we work with that industry. SKF DuraPro highlights our dedication to innovative solutions in the wind energy sector. It shows, as the other solutions as well, a great combination of sustainability and performance. Now it's finally time to unveil our groundbreaking solution where innovation meets precision. Join Vittorio as he explains how SKF's top bearing technology and expertise can create tailored solutions for our most challenging situations, where standard answers do not exist. Hello, my name is Vittorio Zanella. I work as Global Product Line Manager for Super Precision Bearings, and I'm based in Italy. Super-precision bearings are already orders of magnitude beyond standard bearings in terms of performances and precision, and are typically intended for demanding applications driven by intense technological demands to match the required application conditions. The next generation of machines are, by the way, setting new performance standards, requiring a dramatic step up to all the mechanical components. The increasing demand for efficiency and productivity across many industries is driven by mega trends such as miniaturization, electrification, and generally speaking, faster production. This is inducing profound changes like the evolution of basic machines into multi-operational workstations and the replacement of long production lines with fast and compact units. This is dramatically increasing the power density handled by all the machine components, especially the bearings, which must now withstand more intense and sometimes unpredictable working conditions. The development of the SKF Extreme Super Precision Bearing Customer Collaboration Platform is designed to meet the emerging performance expectations in high-speed and high-load applications. This platform incorporates a new bearing concept with advanced materials, optimized internal designs, and a relentless focus on precision to ensure maximum durability and reliability under extreme operating conditions. By setting collaborative partnership with our customers, SKF can enable innovation by leveraging the deep bearing knowledge and world-class production processes, supporting the development of the next generation of machinery. Extreme Extreme super-precision bearings platform offers improved performances in high-speed and high-load applications, allowing machinery to always operate at maximum efficiency. By withstanding intense operating conditions, these bearings provide longer service life, reducing downtime and maintenance costs. The use of advanced materials and optimized designs limits the environmental impact of excessive bearing turnover, contributing to SKF's sustainability efforts. SKF is developing partnerships with customers to enable collaborative innovation, facilitating the creation of cutting-edge machinery solutions that push the boundaries of what is currently possible. The dedication to finding precision in every detail ensures that Extreme super-precision bearings deliver consistent and reliable performance, meeting the demands of critical applications over the long term. Thank you, Vittorio. Very impressive. One thing is clear: nothing is overlooked in our promise of super-precision performance. Annika, can you share thoughts about this great innovation presented by the team? The machine tools industry, there's much higher demands on speed, on performance. There's higher loads. We have to respond to that. And this is our answer, really, to make sure that we bring value to those customers. Right. And I'd like also to take this opportunity to share that we continue to invest in this space. We are building more and more production capacity to ensure that we can meet all our customers' demand in a very, very effective and regular manner. So it's an important part of where we're going also into the future. As we wrap up this summit, I would like to highlight how our intelligent and clean solutions can help businesses reach their sustainability goals. More importantly, they shape the future of industry and society. Annika, could you provide a closing remark on the importance of sustainable innovation at SKF? Sustainable innovation. I would like to refer that actually to our purpose statement. Together, we reimagine rotation for a better tomorrow. That is what this is all about, what we are here to do. It's really exciting for me to be in the middle of that. For me, it's so good to see how our solutions are actually bringing value to us. But more importantly, we help our customers, and we do it together with our customers, and we bring the world actually into a better tomorrow. Right. Rickard, what final thoughts would you like to share about our journey towards net zero? Well, I think you captured it in a very good way, but I'd like to steal some of your quotes. We are fighting friction. And we are really, our solutions will help our customers to move forward on their sustainability journeys. And together, we're then making a better tomorrow. And that's exciting. And that is not a contradiction then between having ambitious commercial goals and creating a better tomorrow. And that energizes us. Thank you all for joining us today. Remember that the on-demand content will be available on this platform. Don't forget to join us in December when we will be back with more exciting product reviews and show you how to live a life with less friction.