RCS - Tan Delta Systems - Strategic pilot agreement signed

Tan Delta SystemsAnnouncement

18/09/2023 07:00

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RNS Number : 6675M  Tan Delta Systems PLC  18 September 2023

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Tan Delta Systems plc

("Tan" or the "Company")

 

Strategic pilot agreement signed

 

Tan 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.

The 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.

The pilot is expected to take up to two months and could lead to a substantial
rollout of integrated sensors across multiple assets.

Chris Greenwood, Tan Delta Systems, CEO said:

"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."

 

For further information, please contact:

 

 Tan Delta Systems plc                     Tel: +44 (0) 845 094 8710
 Chris Greenwood, Chief Executive Officer
 Steve Johnson, Chief Financial Officer

 Zeus (Nominated Adviser and Broker)       Tel: +44 (0) 203 829 5000
 David Foreman, James Hornigold, Ed Beddows (Investment Banking)
 Nick Searle (Equity Sales)

 

About Tan Delta Systems plc:

Tan has developed innovative technologies, products and services that enable
operators of rotating equipment, from trucks and ships to generators and wind
turbines, to reduce oil consumption, maintenance costs, breakdowns and carbon
footprint.

 

Tan's products offer customers a compelling proposition of being able to
reduce operating costs whilst improving reliability. This is achieved through
equipment operators gaining a better understanding of the actual real time
maintenance status of their active equipment through the real time analysis of
lubrication oil used within engine, gearboxes and hydraulic systems. Tan's
data analytics, enables the following benefits:

 

·      Reduced oil consumption by approximately 30 per cent, by ensuring
oil is not changed before it has reached the end of its life;

·      Reduced breakdowns and associated costs by detecting issues
before damage or failure occurs;

·      Increased equipment operating times by enabling intervals between
maintenance to be extended and;

·      Reduced carbon footprint through a reduction in oil use and
prolonged equipment life.

 

The Company currently offers four main products built around its core oil
condition analysis sensor technology. All of which target primarily large
commercial and industrial equipment market segments.

 

Tan was admitted to trading on AIM in August 2023 with the ticker TAND.  For
additional information please visit www.tandeltasystems.com
(http://www.tandeltasystems.com) .

 

LinkedIn: http://www.tandeltasystems.com (http://www.tandeltasystems.com)

Twitter: https://twitter.com/Tandeltasysyems
(https://twitter.com/Tandeltasysyems)

 

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