
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."
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.
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.
For further information, please contact:
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Transense Technologies plc |
Tel: +44 (0) 1869 238 380 |
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Graham Storey, Chief Executive |
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Brewin Dolphin – Nominated Adviser |
Tel: 0845 213 1000 |
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Aubrey Powell/ Robert Beenstock |
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Hybridan LLP - Broker |
Tel: +44 (0) 207 947 4350 |
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Claire Noyce, Tim Goodman, Deepak Reddy |
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Newgate Threadneedle |
Tel: +44 (0) 207 653 9850 |
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Caroline Evans-Jones, Robyn McConnachie |
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