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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
I have that feeling where news is going to send this to.30's soon. Looks like steady accumulation going on and for no real reason...or is there?
Just a hunch
Monthly report is out
9. Report on any employee hirings, terminations or lay-offs with details of
anticipated length of lay-offs.
The company hired a systems/software engineer contractor during the month.
http://thecse.com/sites/default/files/Torino_Monthly_Progress_Report_Nov_5_2017.pdf
UPDATE
Vancouver, British Columbia, September 14, 2017– Torino Power Solutions Inc. (CSE: TPS) (Frankfurt: A143TE) (the “Company” or “Torino”), is pleased to provide the following operational update. The company has ramped up its business development activity over the last two quarters and is building a pipeline of potential utility clients. In particular, the Company has been actively introducing its Power Line Monitoring system (“PLM”), presented proposals, responded to RFPs and is continuing discussions with an eastern and Midwestern U.S. based utility for a potential installation. The Company’s test installation with a France based industrial group (specializing in products and services relating to the transport and distribution of electrical energy) is continuing over the course of September and October. The Company’s recent business development partnership with Thirty Advisory of Pennsylvania, has provided several additional proposals and presentations for the Company’s PLM solution primarily in the U.S. In particular, the Company’s partnership with Thirty Advisory is focused on using their sensor products in close loop control strategies designed to address the complexities of bottlenecks on transmission and distribution lines as a result of distributed energy resources and the changing dynamics of the transmission and distribution market space.
Product Development and New products
The Company has developed a prototype of its new distribution temperature sensor that will add to its existing product portfolio with a focus on lower voltage overhead “distribution” cables that we typically find in urban areas. Torino engineers are testing the prototype and aim to have the product available in the fourth quarter of this year. Various design improvements attributed to the new distrution sensor will be incorporated into all versions of the PLM product line. The new Torino distribution sensor weighs only a few ounces and is geared towards the many millions of miles of distribution lines we typically see in our neighborhoods. The Company is in product development discussions with 2 major North American transit commissions to assess opportunities for an underground temperature sensor.
New Video Presentation
?
The Company has updated its website with new a video presentation. Please visit www.torinopower.com to view the video.
Another component of the marketing strategy is to potentially ally with distribution partners with reach into markets that Torino has yet to develop. “We are a relatively small company, so the idea of partnering with a large distributor is pretty significant,” Mlait says.
http://www.proactiveinvestors.co.uk/companies/news/183117/torino-power-solutions-nears-turning-point-with-unique-approach-for-better-power-grid-efficiency-183117.html
Vancouver, British Columbia, June 14, 2017 – Torino Power Solutions Inc. (CSE: TPS) (the “Company” or
“Torino”), is pleased to announce that the Company has completed its second installation of its Power Line
Monitoring (“PLM”) System at a new location for Tri-State Generation and Transmission Association, Inc.,
(“Tri-State”).
In 2016, Tri-State and Torino Power entered into a pilot agreement, whereby Tri-State installed Torino’s
temperature monitoring sensor on a Tri-State-owned energized line in Eastern Colorado. Torino has now
installed an upgraded evaluation system at a new location in Western Colorado. The new location supports
larger varying electrical load and will provide Tri-State with important real-time temperature data for Dynamic
Line Rating purposes. This new installation provides a better opportunity for Torino Power to showcase its
technology. Tri-State can now begin the process of comparing line ratings using conventional calculations to
potential additional power capacity based on the real-time Torino sensor.
Torino’s patented, wireless powerline monitoring system supports the use of Dynamic Line Rating technology
on congested and remotely-located high-voltage power lines operated by electric utilities. The Torino system
provides real-time temperature data and other vital information to utilities that helps them save money on
maintenance and maximize the capacity of their transmission systems. Torino sensors completely passive and
do not require a power source and are easy to install on live (energized) power lines. Torino Power Solutions
Inc’s business strategy is to automate the DLR process providing our clients with a reduction in operating costs.
With the growing proliferation of distributed energy resources (DER) and changing power markets, the
necessity to fully understand and exploit in real time the capacity of the transmission and distribution lines is
becoming a necessity.
Tri-State is a not-for-profit wholesale power supplier to 43-member electric distribution cooperatives and public
power districts that collectively serve more than one million consumers across 200,000 square miles of service
territory in Colorado, Nebraska, New Mexico and Wyoming.
Rav Mlait, CEO of Torino commented, “We are very pleased to work with Tri-State with this new installation
of our passive PLM system. We look forward building our existing relationship with Tri-State’s innovative
team.”
http://thecse.com/sites/default/files/Torino_Power_Solutions_Inc_completes_new_installation_at_Tri_State_June_14_2017_final.pdf
TORINO POWER SOLUTIONS ANNOUNCES PRIVATE PLACEMENT -
http://www.marketwatch.com/story/torino-power-solutions-inc-announces-private-placement-financing-with-existing-shareholder-exemption-2017-04-26-18160819
Any guess as to when TRWRF will begin trading on the OTC?
NEWS: Torino Power Solutions Enters into Testing Agreement with Tri-State G&T, Denver, Colorado
Vancouver, British Columbia, June 14, 2016 – Torino Power Solutions Inc. (CSE:TPS) (the “Company” or “Torino”),is pleased to announce that Torino has entered into a letter agreement with Tri-State Generation and Transmission Association, Inc., (“Tri-State”), for testing its Dynamic Thermal Circuit Rating (DTCR) technology. Under the agreement, Tri-State will install Torino’s temperature monitoring sensor on a Tri-State-owned energized line in Colorado for a period of one year.
Torino’s patented, wireless monitoring system supports the use of Dynamic Thermal Circuit Rating (DTCR) technology on congested and remotely-located high-voltage power lines operated by electric utilities. The Torino system provides real-time temperature data and other vital information to utilities that helps them save money on maintenance and maximize the capacity of their transmission systems. Through the use of DTCR technology, transmission capacity can be increased by up to 30% with corresponding increases in revenue to the utility. Torino sensors are extremely durable, do not require a power source and are easy to install on live (energized) power lines.
Tri-State is a not-for-profit wholesale power supplier to 44 member electric distribution cooperatives and public power districts that collectively serve 1.5 million consumers across 200,000 square miles of service territory in Colorado, Nebraska, New Mexico and Wyoming.
Suresh Singh, President of Torino commented, “Working with Tri-State is a wonderful opportunity for Torino Power Solutions to optimize our power line monitoring system as we begin to commercialize our technology.”
Rav Mlait, CEO of Torino commented, “The first installation of our high voltage dynamic rating system technology in Colorado is a tremendous milestone for Torino Power Solutions, many years of technological development and innovation have led to this. Torino is very pleased to be working with Tri-State Generation and Transmission.”
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.
NEWS: Torino Power Solutions Successfully Tests Components at Manitoba Hydro Facility
Vancouver, British Columbia, May 19, 2016 – Torino Power Solutions Inc. (CSE:TPS) (the “Company” or “Torino”), is pleased to announce that Torino has successfully tested its sensor and Anti-Corona ring on high voltage at Manitoba Hydro’s test facility in Winnipeg. The sensor and the Anti-Corona ring passed the test with 20% margin.
“We are very excited with this milestone as we prepare our dynamic power line rating sensor technology for field deployment”, said Suresh Singh, President of Torino Power Solutions Inc.
Torino Power Solutions is commercializing its patented power line wireless monitoring system, also known as Dynamic Thermal Circuit Rating (DTCR) technology that is applied to congested and remotely located high voltage power lines of electric utilities. The Torino technology provides real-time data to utilities related to sag, temperature and other vital information that helps them save on maintenance costs and helps maximize transmission capacity by up to 30%. Torino sensors are extremely durable and do not require a power source and are easy to apply to existing power lines. The technology has market opportunities and applications for utilities worldwide as well as oil pipelines, dams, bridges and other major infrastructure assets. The Torino technology is supported by five patents.
Somebody just picked up a couple hundred thousand shares. Looking good!
10 cent opening price
I did some DD on this technology and spoke with a few high line wire maintainance guys I know. They agree, very interesting stuff. The real world applications are out there and waiting.
I think I'll hold for a while.
Form 2A Listing Statement
http://thecse.com/en/file/83719/download?token=mgNN2wQ7
Torino Power Solutions to Begin Trading on CSE under Symbol “TPS”
April 22, 2016
Vancouver, British Columbia, April 22, 2016 – Torino Power Solutions Inc. (CSE: TPS) (the “Company” or “Torino”), is pleased to announce that it will begin trading on the Canadian Securities Exchange on April 25th, 2016.
Trading Date: April 25, 2016
Symbol: TPS
CUSIP: 891069 106
ISIN: CA 891069 1069
Business Sector: Technology
Torino Power Solutions Inc. is focused on its patented Powerline real-time wireless monitoring system, also known as Dynamic Thermal Circuit Rating (DTCR) technology that increases the capacity of congested high voltage powerlines of electric utilities by providing real-time data to utilities related to sag, temperature and other vital information. Torino microwave cavity sensors are super durable and do not require a power source and are easy to apply to existing powerlines. The technology has market opportunities and applications for utilities worldwide as well as oil pipelines, dams, bridges and other major infrastructure assets. The Torino technology is supported by five patents. Please visit www.torinopower.com for more information on our technology and Company.
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