Tan Delta Systems PLC - Sheffield, England-based equipment monitoring and data analysis sensors maker - Enters strategic pilot agreement with L&T Technology Services of India, in which the pilot will focus on the use of Tan real time oil condition analysis sensors to "provide novel insight on the condition of high-tech manufacturing equipment, and thus enable improved reliability, optimised maintenance and reduced oil consumption". Says the pilot is expected to take up to two months and could lead to a substantial rollout of integrated sensors across multiple assets.
Chief Executive Officer Chris Greenwood says: "This pilot agreement adds to our growing stock of ongoing pilot projects driven by customers wanting to reduce maintenance costs whilst also improving reliability. It is typical for serious equipment operators to undertake an initial test and validation of our technology and products and then follow this up with a small pilot project involving a small real world field deployment prior to committing to a full rollout."
Current stock price: 24.15 pence, down 1.4%
12-month change: down 17%
By Greg Rosenvinge, Alliance News reporter
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Tan Delta (TAND)