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.