Last checked at 17 May 2012 07:00
RNS Reach For Release: May 17 2012
Transense Technologies plc (the 'Company' or 'Transense')
IntelliSAW Announces Pilot System Deployed at JSW Steel Limited, Salem Works Plant
First customer in the Indian market
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 successfully completed the installation and full commissioning of a pilot switchgear monitoring system at the Salem Works CPP2 plant of JSW Steel. The pilot is a key component of JSW's program to implement temperature monitoring in its electrical switchgear cabinets. JSW has identified the IntelliSAW IS485 system as an ideal solution for monitoring the health of its electrical switchgear which supplies critical power needs for the production of steel. Should the pilot be successful, full deployment at JSW represents a potential revenue opportunity in excess of USD 3m.
TK Theepan, Assistant General Manager at the Salem Works plant of JSW, commented: "We have been looking for some time now to identify an easy to deploy, reliable, continuous monitoring end-to-end solution for use in our switchgear cabinets. The deployment of this pilot system is a significant step forward for us in providing monitored intelligence for these assets in our operations. We are looking forward to rolling out IntelliSAW's IS485 system throughout our facilities following the successful conclusion of this pilot."
Graham Storey, CEO of Transense, commented: "We are very excited about the opportunity to work with JSW Steel, a company that embraces new technology as a means of enhancing the efficiency and reliability of its operations. We toured the JSW Steel works during a recent trip to a number of major industrial sites in the region and were encouraged by the positive feedback we received regarding the IntelliSAW solution. It is apparent that there is a high demand to maximise the performance of existing critical power infrastructure in a region that is experiencing unprecedented economic growth, and we believe our solution is ideally positioned to fulfill this latent demand. We are pleased to have JSW as the first Indian industrial customer for IntelliSAW and look forward to developing the relationship going forward."
The ongoing relationship with JSW will be maintained by El PE, IntelliSAW's exclusive Indian distributor.
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, Tim Goodman, Deepak Reddy | |
Newgate Threadneedle | Tel: +44 (0) 20 7653 9850 |
Caroline Evans-Jones, Robyn McConnachie |
Notes to Editors
About JSW Steel Limited
JSW is part of US $15 billion O.P.Jindal Group. It has grown to US$ 9 billion in little over a decade and has presence across various sectors - Steel, Energy, Minerals, Port & Infrastructure, Cement, Aluminum.
JSW Steel, the flagship company of the JSW Group, is today an integrated steel manufacturer. JSW Steel is the largest private sector steel manufacturer in terms of installed capacity.
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.
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.
The IS485 platform brings an advanced feature set as compared to legacy solutions on the market today, including twelve independent sensor frequencies and four antenna connections per reader which combined allow for up to 48 sensors per system. Further innovative advances in interrogation protocols, differential sensor topology, and microcontroller architecture serve to resolve a number of known issues with existing solutions including sensor drop-out, challenging system set-up processes, positional dependence of sensor calibration, and non-compliance to high voltage application environments.
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