EL PE Engineers in exclusive Transense deal in India
Transense Technologies plc has announced that its trading division, IntelliSAW has entered into an exclusive distribution agreement with EL PE Engineers, headquartered in Vadodara, India. EL PE currently provides advanced systems technology and engineering support for the electric power industry.
As part of this agreement EL PE will provide exclusive distribution for IntelliSAW’s innovative wireless/passive temperature monitoring system in the Indian market. In return for exclusive terms EL PE has agreed to a minimum revenue target over the next two years of US$375,000.
Ashok Bhavsar, CEO of EL PE Engineers, said: “We view IntelliSAW as a strong strategic fit with our current business. As the distributor of Doble products in India we see great synergy in adding IntelliSAW products to our portfolio. Our team is ready to leverage these strengths across India’s electric power industry.”
Graham Storey, CEO of Transense, commented, “IntelliSAW is pleased to add EL PE Engineering to its expanding distributor network. EL PE has considerable expertise with electrical asset management solutions and will manage the installation and after sales support of our switchgear monitoring systems for the Indian power industry. This decision serves to further our overall strategy to implement strong coverage in emerging markets. We anticipate healthy growth of our business working in partnership with EL PE.”
Transense has originated piezo powered RFID and TPMS technology that has been licensed by manufacturers such as tyre manufacturers such as Michelin and automotive suppliers such as Honeywell. The latest news follows a series of similar deals in other key emerging markets such as Brazil and China.
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