Tan Delta Systems PLC Strategic pilot agreement signed
18 Septiembre 2023 - 1:00AM
RNS Non-Regulatory
TIDMTAND
Tan Delta Systems PLC
18 September 2023
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Tan Delta Systems plc
("Tan" or the "Company")
Strategic pilot agreement signed
Tan Delta Systems plc (AIM: TAND), a global leader in real time
industrial and commercial equipment monitoring solutions that
reduce operating costs, reduce oil consumption and enhance
reliability is pleased to announce that it has entered a strategic
pilot agreement with L&T Technology Services of India.
The pilot will focus on the use of Tan real time oil condition
analysis sensors to provide novel insight on the condition of
high-tech manufacturing equipment, and thus enable improved
reliability, optimised maintenance and reduced oil consumption.
The pilot is expected to take up to two months and could lead to
a substantial rollout of integrated sensors across multiple
assets.
Chris Greenwood, Tan Delta Systems, CEO said:
"This pilot agreement adds to our growing stock of ongoing pilot
projects driven by customers wanting to reduce maintenance costs
whilst also improving reliability. It is typical for serious
equipment operators to undertake an initial test and validation of
our technology and products and then follow this up with a small
pilot project involving a small real world field deployment prior
to committing to a full rollout."
For further information, please contact:
Tan Delta Systems plc Tel: +44 (0) 845
094 8710
Chris Greenwood, Chief Executive Officer
Steve Johnson, Chief Financial Officer
Zeus (Nominated Adviser and Broker) Tel: +44 (0) 203
829 5000
David Foreman, James Hornigold, Ed Beddows (Investment Banking)
Nick Searle (Equity Sales)
About Tan Delta Systems plc:
Tan has developed innovative technologies, products and services
that enable operators of rotating equipment, from trucks and ships
to generators and wind turbines, to reduce oil consumption,
maintenance costs, breakdowns and carbon footprint.
Tan's products offer customers a compelling proposition of being
able to reduce operating costs whilst improving reliability. This
is achieved through equipment operators gaining a better
understanding of the actual real time maintenance status of their
active equipment through the real time analysis of lubrication oil
used within engine, gearboxes and hydraulic systems. Tan's data
analytics, enables the following benefits:
-- Reduced oil consumption by approximately 30 per cent, by
ensuring oil is not changed before it has reached the end of its
life;
-- Reduced breakdowns and associated costs by detecting issues
before damage or failure occurs;
-- Increased equipment operating times by enabling intervals
between maintenance to be extended and;
-- Reduced carbon footprint through a reduction in oil use and prolonged equipment life.
The Company currently offers four main products built around its
core oil condition analysis sensor technology. All of which target
primarily large commercial and industrial equipment market
segments.
Tan was admitted to trading on AIM in August 2023 with the
ticker TAND. For additional information please visit
www.tandeltasystems.com .
LinkedIn : http://www.tandeltasystems.com
Twitter: https://twitter.com/Tandeltasysyems
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END
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September 18, 2023 02:00 ET (06:00 GMT)
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