MTS Enhances Safety in Energy Markets by Introducing a New Line of Sensors
MTS Systems Corp.
14000 Technology Dr.
Eden Prairie, MN, 55344
Press release date: May 2, 2014
EDEN PRAIRIE, Minn. -- MTS Systems Corporation (NASDAQ: MTSC), a leading global supplier of high-performance test systems and position sensors, today announced the introduction of a new technical sensors platform targeted at the energy market. This new line of sensing solutions is the culmination of many years of collaboration with customers in industries including oil and gas, wind power, and virtually all aspects of energy exploration through delivery. The first T-Series sensing platform product will be available for shipment by July 2014.
"MTS Sensors has a long history of providing sensors to the energy market," stated Dr. Bill Bachrach, Senior Vice President and General Manager of MTS Sensors division. "The energy market utilizes a lot of equipment, from the exploration and extraction of fossil fuels, to the refinement and production processes, all the way through the delivery of those fuels to consumers. These processes require precision control in a safe manner. Our sensors are optimal for these applications, where ruggedness and reliability are required in combination with precision measurement."
MTS Sensors commitment to the energy industry spans all business segments with applications in industrial machinery for oil platforms, mobile machinery used in mining, and liquid level sensing for fuels. This new product platform builds on the existing R-Series product line that is heavily used in the wind power market, where safety rated sensors are often required. In wind turbines, MTS sensors are used primarily in pitch control during energy production, as well as in locker brake applications that enable safer maintenance of the turbine.
The T-Series platform is unique in many aspects, including a more compact and modular design. The sensors are designed to be scalable, with the initial release for analog outputs and future releases planned for bus networks such as Profibus and Industrial Ethernet protocols. The new products bring all the utility of magnetostrictive technology to global energy markets where hazardous area approvals and "safe system designs" are required.
"As a strategic focus for the Sensors business, MTS is committed to providing our customers around the world including the energy market with the tools and products to meet their needs," said Dr. Jeffrey Graves, MTS President and Chief Executive Officer. "Our participation in the energy markets enables MTS to address these customer challenges, today and in the future, to meet our changing global energy demands."
About MTS Systems Corporation
MTS Systems Corporation's testing hardware and software solutions help customers accelerate and improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures. MTS' high-performance position sensors provide controls for a variety of industrial and vehicular applications. MTS had 2,299 employees at September 28, 2013 and revenue of $569 million for the fiscal year ended September 28, 2013. Additional information on MTS can be found at www.mts.com.
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