VANCOUVER, British Columbia, May 28, 2018 (GLOBE NEWSWIRE) -- Torino Power Solutions Inc. (CSE:TPS) (Frankfurt:A143TE) (the “Company” or “Torino”), is pleased to report that it will deliver its technology to one of the largest utility companies in the northern eastern United States. The utility based in New England controls several regulated subsidiaries offering retail electricity and natural gas service to more than 3 million customers. The Torino Power Line Monitoring (PLM) sensor system will be installed at a specified location on an overhead powerline in the northern eastern US. The PLM will be installed on a pilot basis with terms for purchase after an evaluation period is completed successfully. The Company will provide further installation details and timing in the coming weeks.
Torino's patented microwave cavity sensor technology delivers real-time temperature measurements of overhead powerlines that allow for increased transmission capacity, improved grid resiliency, lower energy costs and bottleneck elimination. Torino sensors can be deployed quickly and begin transmitting real-time data to the utility almost immediately. Torino is focused on servicing utilities that are seeking new innovative sensor technology to improve grid performance and reduce cost for their customers.
Rav Mlait, CEO of Torino commented, “The Torino PLM system is unique because of our completely passive sensors (no electronics or batteries) that provide utilities with the most durable, easy to install and low-maintenance sensor system for dynamic line rating purposes in the market. Torino’s real time Power Line Monitoring systems are a marked leap forward for utilities in terms of data acquisition for IIOT ('Industrial Internet of Things') practices. We believe that our technology’s unique characteristics and price point will make it an attractive solution for utilities worldwide. We are truly excited to be begin this new installation of our technology with a major utility in the U.S.”
Please visit www.torinopower.com for more information.
We seek Safe Harbor.
On behalf of the Board of Directors
“Rav Mlait”
CEO and Director
Torino Power Solutions Inc.
For further information, contact at info@torinopower.com
