Torino Power Solutions Successfully Installs Power Line Monitoring System at Tri-State G&T, Denver, Colorado
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/06/16
Torino Power Solutions Inc. (CSE:TPS) (the "Company" or "Torino"), is pleased to report that it has completed the first installation of its Power Line Monitoring (PLM) system on a 230kV line in eastern Colorado. The installation occurred on June 20th and was carried out by Tri-State Generation and Transmission Association, Inc., ("Tri-State") on an energized line without service interruption. Torino's PLM technology will provide Tri-State with real-time temperature monitoring of its power line under a pilot agreement with Torino.
Torino's real-time Power Line Monitoring system provides a major advance in enabling electric utilities to maximize the capacity of their power transmission lines. Without real-time information, utilities must use historical, ambient, or "static" temperature data to make their transmission capacity decisions and cannot react to local events and current weather conditions. Torino's PLM system provides real-time or "dynamic" temperature data from the conductor, that utilities can use to make optimized decisions regarding power transmission. In addition to the PLM system, Torino also provided a web service to remotely access the real-time conductor temperature data.
Rav Mlait, CEO of Torino commented, "The Torino PLM system is unique because of our completely passive sensors that provide utilities with the most durable, easy to install and low-maintenance sensor system in the market."
Suresh Singh, President of Torino commented, "Torino's real time Power Line Monitoring systems are a marked leap forward for utilities in terms of data acquisition. We believe that our technology's unique characteristics and price point will make it an attractive solution for utilities worldwide."
Please visit www.torinopower.com for more information.
We seek Safe Harbor.
On behalf of the Board of Directors
Rav Mlait, CEO and Director
Torino Power Solutions Inc.
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Cautionary Statement Regarding Forward-Looking Statements
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/PLM 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/PLM 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.
Torino Power Solutions Inc.