Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Switzerland
  4. Swiss Exchange
  5. ABB Ltd
  6. News
  7. Summary
    ABBN   CH0012221716

ABB LTD

(ABBN)
  Report
Delayed Swiss Exchange  -  11:30 2022-12-02 am EST
29.63 CHF   +0.30%
12/02U.S. says Swiss engineering group ABB to pay over $315 million to resolve bribery case
RE
12/02Plunging Eurozone Industrial Producer Prices Push European Equities Lower
MT
12/02Caution Ahead of November Jobs Report Weighs on Exchange-Traded Funds, Stock Futures
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

ABB : Introducing the XIO - a new extension to the RMC and XSeries family

06/30/2020 | 10:09am EST
Oil and gas producers can achieve more wellhead connectivity with XIO Press release | Bartlesville, Oklahoma, USA | 2020-06-28

ABB's new I/O solution will enable agile and immediate expansion of brownfield sites and pave the way for greater digital connectivity in greenfield operations.

Digitalization in the oil and gas industry means that reliable connectivity sits at the heart of successful operations. Wellheads often need to achieve extended connectivity rapidly to meet unforeseen expansion opportunities, but until now many brownfield sites have been hampered by a lack of agility in existing systems. The launch of ABB's XIO unlocks them from past technology choices by providing immediate connectivity expansion, which avoids the need for costly system upgrades.

The new smart remote I/O expansion unit works in conjunction with ABB's RMC-100 Controller to offer easy expansion of up to 22 I/O modules, automating and enhancing production. It brings together individual islands of automation and enables the remote data connection for real-time analytics across field and enterprise.

A unique combination of features is brought together in the XIO. These include easy installment thanks to the XIO's auto-detection configuration with pre-configured I/O. The smart remote expansion unit's I/O modules include hot swappable features which have the advantage of also being backwards compatible. Along with 22 I/O modules, the XIO provides four Ethernet and eight Serial Ports with essential wireless and Bluetooth capabilities.

Bringing together these features in one unique digital solution means that the XIO helps oil and gas producers meet some of their key challenges. It addresses skill shortages because it is simple to install and offers one central point to monitor, reducing the number of tools to be learned and run. It also ensures greater safety across all areas of multiple sites by helping to increase the monitoring of process variables. As well as extending ABB's RMC-100 controller and XSeries controllers, the XIO is compatible with a wide range of controllers across the market, underlining ABB's industry commitment to open architecture across all areas of industrial automation.

Connectivity is what also ties devices, edge and the cloud together across standards into one homogenous system. By offering scalable digitalization, the XIO also opens up the digital future for greenfield operations.

rn

Digitalization in the oil and gas industry means that reliable connectivity sits at the heart of successful operations.  Wellheads often need to achieve extended connectivity rapidly to meet unforeseen expansion opportunities, but until now many brownfield sites have been hampered by a lack of agility in existing systems. The launch of ABB's XIO unlocks them from past technology choices by providing immediate connectivity expansion, which avoids the need for costly system upgrades.

rn

The new smart remote I/O expansion unit works in conjunction with ABB's RMC-100 Controller to offer easy expansion of up to 22 I/O modules, automating and enhancing production. It brings together individual islands of automation and enables the remote data connection for real-time analytics across field and enterprise.

rn

A unique combination of features is brought together in the XIO. These include easy installment thanks to the XIO's auto-detection configuration with pre-configured I/O. The smart remote expansion unit's I/O modules include hot swappable features which have the advantage of also being backwards compatible.  Along with 22 I/O modules, the XIO provides four Ethernet and eight Serial Ports with essential wireless and Bluetooth capabilities.

rnrn

Bringing together these features in one unique digital solution means that the XIO helps oil and gas producers meet some of their key challenges. It addresses skill shortages because it is simple to install and offers one central point to monitor, reducing the number of tools to be learned and run. It also ensures greater safety across all areas of multiple sites by helping to increase the monitoring of process variables.  As well as extending ABB's RMC-100 controller and XSeries controllers, the XIO is compatible with a wide range of controllers across the market, underlining ABB's industry commitment to open architecture across all areas of industrial automation.

rn

Connectivity is what also ties devices, edge and the cloud together across standards into one homogenous system. By offering scalable digitalization, the XIO also opens up the digital future for greenfield operations.

','DatePublished':'2020-06-28T18:12:00Z','Headline':'Oil and gas producers can achieve more wellhead connectivity with XIO','Keywords':['Bartlesville, Oklahoma, USA','Press release'],'LocationCreated':{'Id':null,'Name':'Bartlesville, Oklahoma, USA','Url':null,'Slug':null,'Description':null,'Image':null,'OpenInNewWindow':false},'Mentions':[{'Id':null,'Name':'XIO Product webpage','Url':'https://new.abb.com/products/measurement-products/upstream-oil-and-gas/products/flow-computers-remote-controllers/remote-controllers/rmc/xio','Slug':null,'Description':'','Image':'https://resources.news.e.abb.com/images/2020/6/29/2/1.jpg','OpenInNewWindow':false},{'Id':null,'Name':'XIO Data Sheet','Url':'https://library.e.abb.com/public/4b6a7af531ac4c2a96c39bf002921529/DS_2102774_EN.pdf?x-sign=GmkZvRwDyodQokpiqfqNchaHyjSyqSSLebHYzqAxn+Ok7CRady5Y4W+ZtPQ9n1Fb','Slug':null,'Description':'','Image':'https://resources.news.e.abb.com/images/2020/6/29/5/1.jpg','OpenInNewWindow':false},{'Id':null,'Name':'XIO Brochure','Url':'https://library.e.abb.com/public/db1a79f8e4cd4d61b52da6b10d06dba4/PB_2102776.pdf?x-sign=CRFdllxB6txL9uda0LMnU9lwI9+xOv1SpdrCzE4u9MXKMtY42fYokfzQHG2PtmCD','Slug':null,'Description':'','Image':'https://resources.news.e.abb.com/images/2020/6/29/0/2.jpg','OpenInNewWindow':true}],'Genre':'Press release','Categories':['Press release'],'Contacts':[{'ContactType':'Media Relations','Email':'abb@admiralassociates.co.uk','Telephone':'+44 (O) 7511 650682','Address':'','Id':null,'Name':'Susannah Bosanquet','Url':'','Slug':null,'Description':null,'Image':null,'OpenInNewWindow':false},{'ContactType':'Marketing Communications','Email':'susan.gates@us.abb.com','Telephone':'+1-918-338-4669','Address':'','Id':null,'Name':'Susan Gates','Url':'','Slug':null,'Description':null,'Image':null,'OpenInNewWindow':false},{'ContactType':'ABB Ltd.','Email':'','Telephone':'','Address':'7051 Industrial Park Blvd, Bartlesville, OK 74006 USA','Id':null,'Name':'','Url':'http://www.abb.com','Slug':null,'Description':null,'Image':null,'OpenInNewWindow':false}],'Endnotes':[],'Attachments':[],'Status':'Published','DetailsPageUrl':null,'SocialMediaImage':'https://resources.news.e.abb.com/images/2020/6/29/0/XIO_1.jpg','Id':'64278','Name':null,'Url':'64278/oil-and-gas-producers-can-achieve-more-wellhead-connectivity-with-xio','Slug':'oil-and-gas-producers-can-achieve-more-wellhead-connectivity-with-xio','Description':'ABB's new I/O solution will enable agile and immediate expansion of brownfield sites and pave the way for greater digital connectivity in greenfield operations.','Image':'https://resources.news.e.abb.com/images/2020/6/29/0/XIO_1.jpg','OpenInNewWindow':false}'>

Disclaimer

ABB Ltd. published this content on 28 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2020 14:08:02 UTC


ę Publicnow 2020
All news about ABB LTD
12/02U.S. says Swiss engineering group ABB to pay over $315 million to resolve bribery case
RE
12/02Plunging Eurozone Industrial Producer Prices Push European Equities Lower
MT
12/02Caution Ahead of November Jobs Report Weighs on Exchange-Traded Funds, Stock Futures
MT
12/02ABB Faces Fine of 4 Million Swiss Francs in South Africa Bribery Case
MT
12/02ABB Fined $4.3 Million by Swiss Attorney General for South African Bribery Case
DJ
12/02ABB Faces Fine of 4 Million Swiss Francs in South Africa Bribery Case
MT
12/02ABB Faces CHF4 Million Fine in Switzerland Over South African Bribery Case
MT
12/02ABB Unveils Robotics Mega Factory in Shanghai, China
MT
12/02Swiss engineering group ABB fined $4.3 million
RE
12/01ABB Agrees to Pay 2.5 Billion South African Rand to Settle Corruption Case
MT
More news
Analyst Recommendations on ABB LTD
More recommendations
Financials (USD)
Sales 2022 29 250 M - -
Net income 2022 2 131 M - -
Net Debt 2022 3 708 M - -
P/E ratio 2022 28,6x
Yield 2022 2,73%
Capitalization 59 130 M 59 130 M -
EV / Sales 2022 2,15x
EV / Sales 2023 2,11x
Nbr of Employees 106 380
Free-Float 82,8%
Chart ABB LTD
Duration : Period :
ABB Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ABB LTD
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Last Close Price 31,54 $
Average target price 30,58 $
Spread / Average Target -3,05%
EPS Revisions
Managers and Directors
Timo J. Ihamuotila Chief Financial Officer
Peter R. Voser Chairman
Jacob Wallenberg Vice Chairman
David Edward Constable Independent Non-Executive Director
Frederico Fleury Curado Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
ABB LTD-11.94%59 130
SIEMENS LIMITED17.17%12 100
ZHUZHOU CRRC TIMES ELECTRIC CO., LTD.-18.83%9 544
SHANGHAI ELECTRIC GROUP COMPANY LIMITED-23.95%8 324
DOOSAN ENERBILITY CO., LTD.-20.83%7 902
ABB INDIA LIMITED33.22%7 748