Moov announces real-time logistics tracking and virtual equipment inspections through the Moov portal

TEMPE, Arizona and AUSTIN, Texas–(BUSINESS WIRE)–moova data-powered marketplace for used semiconductor manufacturing equipment, today announced that its marketplace now serves as a one-stop-shop for the used shopping experience, offering customers an ecosystem of after-sales services including logistics and tracking, digital inspections, refurbishment and insurance all in one customer portal.

Moov customers can now opt for services such as real-time logistics tracking, insurance, company purchase guarantee, refurbishment, spare parts, contracts and payment options . Customers using the Moov platform include Applied Materials, Western Digital, Maxim Integrated, KLA and Microchip.

To facilitate end-to-end visibility, the new Moov portal allows customers to track their equipment purchases in real time across freight categories such as location, temperature, humidity and light exposure .

“Whether your cargo is in the back of a truck or in the middle of the Pacific, Moov gives our customers visibility into purchased equipment during these times of supply chain uncertainty,” said Raymond Mahon, director of customer success at Moov and head of the company’s Austin office. “Our system provides transparency where there was none. Knowing exactly where and how your cargo is transported is vital given the high value of the equipment we trade. »

Insurance to cover the value of the equipment throughout the supply chain

Moov has partnered with a network of best-in-class service providers to enable an ecosystem of after-sales services. For example, Swiss-based global transportation and logistics company Kuehne + Nagel International AG, the world’s largest freight forwarder, now offers Moov customers insurance through the Nacora Group, a subsidiary of Kuehne + Nagel. Insurance covers 100% of the value of all equipment as it moves through the supply chain.

“Unless the equipment is already in storage, used semiconductor equipment changes hands in a single transaction,” Mahon said. “You need an engineer to uninstall it, a rigger to pull it out, a crater to pack it up, and a freight forwarder to ship it. The insurance we deploy would cover the entire supply chain of our buyers, whether they hire the seller or Moov outsources them.

Another example of a value-added service that Moov will now provide is remote digital inspection, via photographic verification. Moov customers can use digital inspection to reduce equipment inspection time to hours from weeks anywhere in the world. This service performs a 15-point fraud check on photograph metadata to ensure the authenticity of the image.

“In many areas, facilities just won’t let outside vendors on site due to COVID,” Mahon said. “In one case, it took us three weeks for someone to come to Malaysia to check the tools. With the digital inspection app, we’ve now reduced that time to one hour. And we’ve eased the burden on inspector hosting providers.

“We’re trying to change the way used semiconductor equipment is handled,” Mahon said. “We have a hugely inefficient market with a lot of bad faith players. We’re making it safer, faster, and easier to buy and sell used semiconductor equipment.

About Moov Technologies Inc.

Based in Tempe, Arizona, and Austin, Texas, Moov is a technology-driven marketplace and asset management platform that connects buyers and sellers of semiconductor manufacturing equipment from opportunity. Built by a team with over 50 years of experience in the manufacturing equipment brokerage industry, Moov’s platform ensures accurate listings and faster transactions. CEO Steven Zhou and Managing Director Maxam Yeung co-founded the company in 2017. Moov employs around 50 people and also has a presence in San Francisco; Shanghai, China; and Taipei, Taiwan. To learn more, please visit Moov.co.

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