Transense enters Chinese strategic partnership
Transense, a provider of sensor systems for the transportation and industrial markets, has entered into a strategic partnership with Wuhan Fenjin Electric Power Technology Co., Ltd through its IntelliSAW trading business. According to a statement released by the company, Fenjin will provide value-added system integration services for IntelliSAW's innovative wireless/passive temperature monitoring system throughout China in electric power transmission and distribution systems. China has been identified by the directors as a key geographical region for IntelliSAW. The partnership provides a foundation for the adoption of IntelliSAW's technology within China's so-called Smart Grid market.
Henry Zhu, director of operations for Fenjin, noted: “The IntelliSAW system incorporates several technology advances over legacy wireless solutions including a highly scalable number of sensors per system, flexibility in configuration, and ease of installation through design of the sensor modules and associated electronics. Fenjin’s partnership with IntelliSAW is a very good fit with our strengths as a provider to the power industry and we believe it will enhance our position in the Smart Grid space.”
Graham Storey, CEO of Transense, commented: “During Transense’s due diligence of potential partners for IntelliSAW in the Chinese market we identified Fenjin as possessing all the key attributes which we believe are critical to scaling the penetration of our solution within the market there. Our expectation is that Fenjin’s existing resource base, business structure, and application expertise will lend itself toward a broad adoption of IntelliSAW’s technology in Smart Grid applications. The Board is delighted at the speed with which IntelliSAW has brought its new switchgear monitoring products to launch and that the commercial value of Transense’s patented sensor technology is being leveraged within yet another large emerging market sector.”
Related news:
Comments