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MarketScreener Homepage  >  Equities  >  Nyse  >  Emerson Electric    EMR

EMERSON ELECTRIC

(EMR)
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Emerson Electric : and HID Global Partner to Provide Enhanced Environmental Healthcare Monitoring

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02/12/2019 | 01:28pm EST

Strategic collaboration adds another link to cold chain, helps healthcare providers protect vital and temperature-sensitive medications and vaccines

Emerson (NYSE: EMR), a global technology and engineering leader serving industrial, commercial and consumer industries, and HID Global®, a worldwide leader in trusted identity solutions, today announced a strategic collaboration to enhance monitoring capabilities that help healthcare providers ensure proper temperature for vaccines, medications and other bio-specimens.

Ensuring the quality and safety of life-saving vaccines, medications and other healthcare specimens requires strict temperature monitoring and control to maintain product integrity. The solution combines Emerson’s expertise in environmental monitoring and the behind-the-scenes refrigeration network known as the cold chain with HID Global’s broad spectrum of connected health systems and Internet of Things solutions, enabled by Bluvision™ (part of HID Global). This collaboration is providing first-of-its-kind monitoring solutions for the healthcare industry.

“Helping our customers monitor and improve safety and health is a cornerstone of our business and mission, and we’re proud to bring these solutions to the industry,” said John Rhodes, group president of cold chain for Emerson’s Commercial & Residential Solutions business. “This strategic partnership allows Emerson to extend our leading sensing and connected technologies to help healthcare providers optimize their operations and protect their life-saving treatments.”

The innovative solution combines automated alerts, audit trails, condition monitoring and location services for a more advanced approach to medical-grade temperature monitoring using Internet of Things technologies. Leveraging HID’s Location and Condition monitoring network services based on Bluetooth Low-Energy (BLE), the solution delivers enterprise-wide pervasive connectivity, linking active personnel badges with both temperature and vibration sensors to allow rapid and cost-effective deployments at scale.

“Combining HID’s BLE network with Emerson’s environmental monitoring sensors brings together best-in-class products to help healthcare providers monitor temperature-sensitive assets as part of an IoT stack that healthcare institutions can easily integrate into existing workflows,” said Rom Eizenberg, vice president at Bluvision, part of HID Global. “Hospitals can quickly increase patient safety, the quality of care and pharmacy workflows while enabling more advanced capabilities like the construction of Health System Digital Twins to better predict, model and extract further efficiencies.”

The collective expertise of HID’s Healthcare IoT practice and Emerson’s environmental monitoring for the healthcare chain of custody provides exponential value beyond certified temperature monitors common for the industry by combining machine, human and material traceability into comprehensive solutions for a critical issue.

About Emerson

Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial, and residential markets. Our Emerson Automation Solutions business helps process, hybrid and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Emerson Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure. For more information visit Emerson.com.

About HID Global

HID Global powers the trusted identities of the world’s people, places and things. We make it possible for people to transact safely, work productively and travel freely. Our trusted identity solutions give people convenient access to physical and digital places and connect things that can be identified, verified and tracked digitally. Millions of people around the world use HID products and services to navigate their everyday lives, and over 2 billion things are connected through HID technology. We work with governments, educational institutions, hospitals, financial institutions, industrial businesses and some of the most innovative companies on the planet. Headquartered in Austin, Texas, HID Global has over 3,000 employees worldwide and operates international offices that support more than 100 countries. HID Global® is an ASSA ABLOY Group brand. For more information, visit www.hidglobal.com.

© 2019. HID Global Corporation/ASSA ABLOY AB. All rights reserved. HID, HID Global, the HID Blue Brick logo, the Chain Design and Bluvision are trademarks or registered trademarks of HID Global, ASSA ABLOY AB, or its affiliates(s) in the US and other countries and may not be used without permission. All other trademarks, service marks, and product or service names are trademarks or registered trademarks of their respective owners.


© Business Wire 2019
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Financials ($)
Sales 2019 18 971 M
EBIT 2019 3 357 M
Net income 2019 2 302 M
Debt 2019 3 691 M
Yield 2019 2,87%
P/E ratio 2019 18,55
P/E ratio 2020 16,87
EV / Sales 2019 2,41x
EV / Sales 2020 2,27x
Capitalization 41 985 M
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Number of Analysts 23
Average target price 73,1 $
Spread / Average Target 7,0%
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NameTitle
David N. Farr Chairman & Chief Executive Officer
Michael H. Train President
Steven J. Pelch Chief Operating Officer & Executive Vice President
Frank J. Dellaquila Chief Financial Officer & Senior Executive VP
Jake Fritz Chief Information Officer & Vice President
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