Emerson (EMR) Announces New Wireless Pressure Gauge App
Zacks Investment Research | May 29, 2018 09:15PM ET
Emerson Electric Company (NYSE:EMR) recently announced a new Plantweb Insight application for wireless pressure gauges, with easy usability features. This IIoT (Industrial Internet of Things) application enables maintenance workers to gain a streamlined view of Rosemount wireless pressure gauges, thus enhancing safety.
Per the company, the IIoT application is capable of delivering field data once per minute from a fleet of wireless pressure gauges. Notably, Plantweb Insight applications can easily be integrated with various WirelessHART gauges and remote field sensors. Also, it combines continuous real-time data offered by the company’s Pervasive Sensing strategies with predictive analytics to offer maintenance personnel latest process information, thus improving safety as well as energy management.
Existing Business Scenario
Emerson has a solid track record of launching products and technologies to gain a competitive advantage over peers. Also, the company has an impressive history of clinching lucrative contracts in the energy infrastructure that proves conducive to its top-line performance. Strong MRO demand along with small and mid-sized projects focused on expansion and optimization of existing facilities has boosted the segment’s top line. Further, Energy, life sciences and chemical markets remain favorable.
In the past six months, this Zacks Rank #3 (Hold) company has returned 9.4%, significantly outperforming the Original post
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