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Torino Power Solutions Enters into Testing Agreement with French Based Industrial Group
Monday, July 17, 2017Company Profile | Follow Company
Burnaby, BC, July 17, 2017--(T-Net)--Torino Power Solutions Inc. (CSE: TPS) announced that it has entered in to a testing agreement with a France based industrial group specializing in products and services relating to the transport and distribution of electrical energy.
Torino is under a non-disclosure agreement with the evaluating company. The agreement is for Torino to deliver one of its Power Line Monitoring systems (“PLM”) to the client for a 90-day period for industrial laboratory testing and evaluation.
Upon successful evaluation, the agreement provides purchase terms for the Torino PLM. The French based client has operations in five continents and is considered one of the largest independent entities in its sector.
Rav Mlait, CEO of Torino commented, “The level of interest and sector awareness of the Torino sensors is growing. We are excited to deliver our PLM system for evaluation to France. The utility industry is undergoing a major transformation as utilities seek to improve power quality and reliability, reduce downtime, energy waste, and minimize customer costs. Torino is delivering a unique solution to the utility sector that is cost effective and provides significant return on investment”.
About Torino Power Solutions Inc.
Torino Power Solutions Inc. is a Vancouver, BC based technology company that provides its unique, passive Power Line Monitoring System ("PLM") system for electrical power transmission and distribution (T&D) grids. T&D infrastructure is in urgent need of expansion and upgrading due to increasing population, growing loads (due to renewable energy sources like wind and solar) and aging equipment. Utilities globally are investing in new technology to improve grid performance and reduce cost for their customers.
Torino's patented microwave cavity sensor technology delivers real time measurements that allow for closed loop Dynamic Line Rating leading to improved grid resiliency, lower energy costs and bottleneck elimination. Torino PLM creates real-time situational awareness that will help prolong the life of powerline assets and help with the management of future distribution networks that are expected to host high concentrations of distributed energy resources which include distributed generation, renewable energy sources, local storage systems and flexible loads.