Last checked at 23 Mar 2012 07:00
For Release: March 23rd, 2012
EL PE Engineers and IntelliSAW Announce Exclusive Distribution Agreement for India
Transense Technologies plc ("Transense") (AIM: TRT), the provider of sensor systems for the transportation and industrial markets, is pleased to announce that its trading division, IntelliSAW, a leading provider of next generation wireless sensor systems for smart grid applications, has entered into an exclusive distribution agreement with EL PE Engineers ("EL PE"), headquartered in Vadodara, India. EL PE currently provides advanced systems technology and engineering support for the electric power industry.
As part of this agreement EL PE will provide exclusive distribution for IntelliSAW's innovative wireless/passive temperature monitoring system in the Indian market. In return for exclusive terms EL PE has agreed to a minimum revenue target over the next two years of USD $375K.
Existing critical power infrastructure in India is coming under increasing pressure in a period of growth in demand for power. IntelliSAW's easy to deploy, continuous monitoring solution addresses a number of deficiencies in existing switch gear monitoring solutions, enabling improved power performance of the electricity plant.
IntelliSAW's proprietary solution is wireless and does not require any power to the sensors, affording ease of installation and system commissioning while avoiding introducing any arcing or flashover concerns. Moreover the IntelliSAW system outputs data directly onto existing communication networks using standard protocols, allowing for instantaneous monitoring and control.
Ashok Bhavsar, CEO of EL PE Engineers, said: "We view IntelliSAW as a strong strategic fit with our current business. As the distributor of Doble products in India we see great synergy in adding IntelliSAW products to our portfolio. Our team is ready to leverage these strengths across India's electric power industry."
Graham Storey, CEO of Transense, commented, "IntelliSAW is pleased to add EL PE Engineering to its expanding distributor network. EL PE has considerable expertise with electrical asset management solutions and will manage the installation and after sales support of our switchgear monitoring systems for the Indian power industry. This decision serves to further our overall strategy to implement strong coverage in emerging markets. We anticipate healthy growth of our business working in partnership with EL PE."
For further information, please contact:
Transense Technologies plc | Tel: +44 (0) 1869 238 380 |
Graham Storey, Chief Executive | |
N+1 Brewin - Nominated AdviserAubrey Powell, Robert Beenstock | Tel: +44 (0)20 3201 3710 |
Hybridan LLP - Broker | Tel: +44 (0) 20 7947 4350 |
Claire Noyce, Deepak Reddy | |
Newgate Threadneedle | Tel: +44 (0) 20 7653 9850 |
Caroline Evans-Jones, Robyn McConnachie |
Notes to Editors
About EL PE Engineers
EL PE Engineers Established in 1997 offers a team of highly experienced engineering specialists who provide solutions for electrical apparatus condition assessment of high-voltage substation and generator plants including motor, rotating plant, switchgear, transformer, HV series capacitor, cable, and network equipment taking place in the fields of energy production, transmission, distribution, and in the industry.
EL PE is a distributor for Doble Engineering Company products. Doble is the world leader in diagnostic test instruments and knowledge services to the electric power industry.
www.elpe.in
About IntelliSAW
IntelliSAW, a trading division of Transense Technologies plc (AIM: TRT.L), develops and markets patent protected wireless, passive surface acoustic wave (SAW) based sensing systems targeted at challenging industrial applications. Its IS485 family of products provides temperature monitoring of critical electric power switchgear equipment in Smart Grid applications.
www.intellisaw.com
About Transense Technologies
Based in Oxfordshire, UK, Transense has developed patent-protected sensor systems for use in diverse high growth markets. Developed in conjunction with partners including McLaren Electronic Systems and General Motors, Transense's Surface Acoustic Wave (SAW), wireless, battery-less, sensor systems offer significant advantages over legacy wireless sensor systems. Via two wholly owned divisions, IntelliSAW and Translogik, Transense is targeting the high growth global electrical Smart Grid applications market and the transport industry respectively.
Transense's sensors are also being used in the wind turbine monitoring industry. The Company is part of a consortium of nine companies ("IntelWind") that has begun development on a major EU funded project to improve the efficiency of wind turbines.
Transense's shares are admitted to trading on AIM, a market operated by the London Stock Exchange (AIM: "TRT").
www.transense.co.uk