Business
Strategic pilot agreement signed
Strategic pilot agreement signed.
About this update from Tan Delta Systems Plc
[{"type":"text","content":"\n\nThis is a Reach announcement and the information contained is not considered to be material or to have a significant impact on management's expectations of the Company's performance. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.\n \n \nTan Delta Systems plc\n(\"Tan\" or the \"Company\")\n \nStrategic pilot agreement signed\n \nTan 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.\nThe 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.\nThe pilot is expected to take up to two months and could lead to a substantial rollout of integrated sensors across multiple assets.\nChris Greenwood, Tan Delta Systems, CEO said:\n\"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.\" \n \nFor further information, please contact:\n \n\n\n\nTan Delta Systems plc\n\n\nTel: +44 (0) 845 094 8710\n\n\n\n\nChris Greenwood, Chief Executive Officer\n\n\n\n\n\n\n\nSteve Johnson, Chief Financial Officer\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nZeus (Nominated Adviser and Broker)\n\n\nTel: +44 (0) 203 829 5000\n\n\n\n\nDavid Foreman, James Hornigold, Ed Beddows (Investment Banking)\n\n\n\n\nNick Searle (Equity Sales)\n\n\n\n\n\n\n \nAbout Tan Delta Systems plc:\nTan has developed inno...