Emerson (EMR) Introduces ProAct Connect+ Software Suite
Zacks Investment Research | Jan 10, 2019 08:51PM ET
Emerson Electric Co. (NYSE:EMR) recently introduced an enterprise software suite — ProAct Connect+. It helps supermarket and convenience store operators to enhance the performance of their HVAC/R assets and meet financial, regulatory as well as brand management objectives.
ProAct Connect+ offers key stakeholders of a business with a suite of powerful and easy-to-use applications. It features a bundle of more than 50 functions. The solution helps in ensuring optimal performance of HVAC/R systems by offering near real-time sites monitoring option and the capability to make changes to controller settings. As a matter of fact, with the continuous monitoring of refrigeration system component parameters, the solution supports extention of equipment life, reduction of maintenance costs as well as mitigation of refrigerant loss.
Emerson is well positioned to benefit from global infrastructure growth, as its core businesses hold dominant positions in markets tied to energy efficiency and infrastructure spending. Many of the company’s products are key components for building infrastructure, such as data centers, manufacturing plants and office buildings. Also, environmental regulations are driving the need for new products, adding to the company's strength.
Going forward, Emerson believes that increased turnaround activity, and ongoing mid and small-sized Maintenance, Repair and Operations projects will bolster revenues of its Automation Solutions segment. On the other hand, continued growth in air conditioning demand will likely drive the top-line performance of the company’s Commercial & Residential Solutions segment.
In the past month, shares of this Zacks Rank #3 (Hold) company have yielded 1.6% return against the Original post
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