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Last checked at 
18 Sep 2023 07:00
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Tan Delta Systems plc
("Tan" or the "Company")
Strategic pilot agreement signed
Tan Delta Systems plc (AIM: TAND), a global leader in real time industrial and commercial equipment monitoring solutions that reduce operating costs, reduce oil consumption and enhance reliability is pleased to announce that it has entered a strategic pilot agreement with L&T Technology Services of India.
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.
The pilot is expected to take up to two months and could lead to a substantial rollout of integrated sensors across multiple assets.
Chris Greenwood, Tan Delta Systems, CEO said:
"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."
For further information, please contact:
Tan Delta Systems plc | Tel: +44 (0) 845 094 8710 |
Chris Greenwood, Chief Executive Officer | |
Steve Johnson, Chief Financial Officer | |
Zeus (Nominated Adviser and Broker) | Tel: +44 (0) 203 829 5000 |
David Foreman, James Hornigold, Ed Beddows (Investment Banking) | |
Nick Searle (Equity Sales) | |
About Tan Delta Systems plc:
Tan has developed innovative technologies, products and services that enable operators of rotating equipment, from trucks and ships to generators and wind turbines, to reduce oil consumption, maintenance costs, breakdowns and carbon footprint.
Tan's products offer customers a compelling proposition of being able to reduce operating costs whilst improving reliability. This is achieved through equipment operators gaining a better understanding of the actual real time maintenance status of their active equipment through the real time analysis of lubrication oil used within engine, gearboxes and hydraulic systems. Tan's data analytics, enables the following benefits:
· Reduced oil consumption by approximately 30 per cent, by ensuring oil is not changed before it has reached the end of its life;
· Reduced breakdowns and associated costs by detecting issues before damage or failure occurs;
· Increased equipment operating times by enabling intervals between maintenance to be extended and;
· Reduced carbon footprint through a reduction in oil use and prolonged equipment life.
The Company currently offers four main products built around its core oil condition analysis sensor technology. All of which target primarily large commercial and industrial equipment market segments.
Tan was admitted to trading on AIM in August 2023 with the ticker TAND. For additional information please visit www.tandeltasystems.com.
LinkedIn: http://www.tandeltasystems.com
Twitter: https://twitter.com/Tandeltasysyems
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