IntelliSAW announces confirmed orders of USD 550k.

Transense Technologies plc, the provider of sensor systems for the transportation and industrial markets, is pleased to announce that its trading division, IntelliSAW, a leading provider of next generation wireless sensor systems for smart grid applications, has succeeded in satisfying the conditions on previous conditional orders totalling USD275k. It has also received a further significant order to the value of USD275k. This takes the total orders for its IS485 Wireless switchgear monitoring system from this sales region to an aggregate USD 550k.

The IntelliSAW system, which provides temperature monitoring of critical electric power switchgear equipment in Smart Grid applications, is being deployed in electrical power distribution assets in Asia where it will provide vital performance data to enhance the robustness of the power grid. Industry experts estimate the market opportunity for sensors in Smart Grid applications to reach $85.5bn by 2014*.

Graham Storey, CEO of Transense, commented “We are delighted with the speed at which the IntelliSAW solution is gaining traction within the market, and believe this is indicative of the compelling value proposition that the IS485 family provides to the electrical switchgear monitoring market compared to legacy solutions. We have secured a number of strategic channel partners in the key smart grid growth regions such as Asia, South America and the Middle East. With sales momentum building we are optimistic that our strategy of driving commercial success by leveraging existing Transense IP directly through our trading divisions, in addition to our existing licensing model, will provide a number of growing revenue streams.”