Shares of sensors specialist Transense Technologies shot ahead after it confirmed its trading division, IntelliSAW has entered into a strategic distribution agreement with Green Electric Solutions, a division of the Peruvian company ELTROTEC.
Lima based Green Electric Solutions is focused on combining emerging technologies with advanced systems engineering for the electric power industry.
Commenting on the deal Transense CEO Graham Storey commented, "IntelliSAW welcomes the addition of Green Electric Solutions to its rapidly expanding global distributor network. Its parent, ELTROTEC, brings a solid reputation along with considerable expertise in electrical asset management solutions and we are pleased to join forces with their team."
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"In addition to serving customers in Peru, this partnership strengthens IntelliSAW's presence in South America and furthers our overall strategy to implement strong coverage in emerging markets. We envisage a very bright future together."
Peru has a steadily expanding economy with significant investments in energy infrastructure to boost capacity and modernise the existing grid.
Transense said today's agreement represents an opportunity to further serve the South American market with sensor systems that enable the cost-effective management of wide-scale power grid networks.
CJ
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