VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 13, 2017) - Torino Power Solutions Inc. (CSE:TPS)(CSE:TPS.CN) (the "Company" or "Torino") is pleased to announce that it has developed a new power line Tension Sensor product to provide critical real-time data to utilities related to the measurement of sag of high-powered transmission lines. Sagging power lines create a host of problems for utilities most notably the need to maintain safety and clearance for objects directly below such cables.
The new Torino Tension Sensor (TTS) will allow utilities to calculate the shape of the cable between the towers, including sag and the lowest point. Sensors can be permanently installed on any power lines up to 500kV without interruption of power. TTS is integrated into Torino's proprietary Power Line Monitoring (PLM) system and will be used in conjunction with existing temperature sensors to deliver critical data about the state of the cable in real-time.
The utility industry is undergoing a major transformation as providers seek to improve power quality and reliability, reduce downtime, energy waste, and minimize customer costs. These new challenges require new solutions. Torino with its PLM and new TTS product lines is developing innovative technologies to enhance the intelligence of the grid.
The Company is currently testing the new sensors internally and will be actively seeking utilities in North America for future installations.
Rav Mlait, CEO of Torino commented, "As the Industrial Internet of Things (IIoT) takes shape to improve the productivity and reliability of the grid, pervasive sensors like the ones Torino Power Solutions offers are at the heart of supplying real-time data on industrial assets, saving time and money and supporting intelligent analytics."
Please visit www.torinopower.com for more information.
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Torino Power Solutions Inc.
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This press release contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company, such as final development of a commercial product(s), successful trial or pilot of company technologies, no assurance that commercial sales of any kind actually materialize; no assurance the Company will have sufficient funds to complete product development. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions; (ii) risks regarding protection of proprietary technology; (iii) the ability of the Company to complete financings; (v) the ability of the Company to develop and market its future product; and (vi) risks regarding government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements and filings. There is no assurance that the DTCR business will provide any benefit to the Company, and no assurance that any proposed new products will be built or proceed. There is no assurance that existing "patent pending" technologies licensed by the Company will receive patent status by regulatory authorities. The Company is not currently selling commercial DTCR systems. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company does not intend to update these forward-looking statements.