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
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The Company has updated its website with new a video presentation. Please visit www.torinopower.com to view the video.
