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MarketScreener Homepage  >  Equities  >  Nyse  >  Eaton Corporation plc    ETN   IE00B8KQN827

EATON CORPORATION PLC

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Eaton : Wireless mobile control solutions product announcement | Eaton

08/20/2020 | 10:19pm EST

SOUTHFIELD, Mich. … Power management company Eaton today announced its eMobility business has launched a new and improved line of Eaton OMNEX Trusted Wireless™ mobile control solutions for heavy machinery and field operations. The 900 MHz two-way remote-control units allow for the wireless control of high-value machinery in harsh environments, including mining, construction, agriculture, locomotive and marine markets.

'Our next generation of rugged, weatherproof OMNEX wireless controllers were designed with customer input, and offer a number of benefits, including enhanced safety and productivity for machine operators,' said Scott Adams, president, eMobility, Eaton. 'Overall, we've improved upon the reliability and connectivity that was always a benefit over the competition - and we continue to advance our wireless technology in those areas.'

On a construction site, the wireless controllers can operate heavy machinery, such as vacuum trucks, tow trucks, concrete mixers and cranes. Remote operation provides a number of benefits, including reducing the amount of personnel on-site and keeping workers out of harm's way. The new units have a range of up to 1,650 feet and can be programmed for a wide range of functions. For example, an operator could remotely control boom functions, rotate a mixer barrel, or raise and lower a crane, all from a safe distance. The wireless controls can also be programmed to provide feedback via a screen, haptic response or sequenced light-emitting diodes. This function can be used to signal an operator when a crane is fully extended or be programmed to display the amount of weight a trailer is carrying.

The units have undergone Eaton's proprietary cyber security protocols to prevent the signal being hacked into by an outside source, while sophisticated control algorithms guarantee fail-safe operation. Each controller can be programmed to connect with a vehicle that has been equipped with a receiver installed in the electronic systems of a remote vehicle or machinery.

The wireless controls are compliant with Ingress Protection Code 65 & 67 (IP65 & IP67) ratings, which are 'dust tight' and protected against water spray as well as complete, continuous submersion in water. They have been redesigned for better form, fit and function, making them easier to hold and control. The new control units also feature updated radios and lithium ion batteries for better performance.

Eaton's new wireless lineup offers flexible solutions for customers, and includes the following models:

  • Hand-held TD110
  • Hand-held TD1140 with optional E-Stop
  • Pistol-grip TD2100
  • Small belly-pack TD3100

In addition to the 900 MHz two-way wireless remote-control units, 2.4 GHz versions will launch later this year. Learn more at Eaton.com/wireless.

Eaton's eMobility business was formed by combining products, expertise and global manufacturing capabilities from Eaton's Electrical and Vehicle businesses. Eaton plans to further develop new products and technologies, including smart diagnostics, intelligent power electronics and predictive health monitoring systems, to strengthen its global capabilities and deliver intelligent electrification solutions to passenger car, commercial vehicle and off-highway customers. Learn more about Eaton's eMobility business at Eaton.com/eMobility.

Eaton's mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic, and mechanical power - more safely, more efficiently, and more reliably. Eaton's 2019 revenues were $21.4 billion, and we sell products to customers in more than 175 countries. We have approximately 93,000 employees. For more information, visit www.eaton.com.

Disclaimer

Eaton Corporation plc published this content on 13 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 August 2020 02:19:13 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 17 761 M - -
Net income 2020 1 416 M - -
Net Debt 2020 7 400 M - -
P/E ratio 2020 35,1x
Yield 2020 2,41%
Capitalization 48 480 M 48 480 M -
EV / Sales 2020 3,15x
EV / Sales 2021 3,02x
Nbr of Employees 92 000
Free-Float 99,8%
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 118,55 $
Last Close Price 121,11 $
Spread / Highest target 11,5%
Spread / Average Target -2,11%
Spread / Lowest Target -15,8%
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Managers
NameTitle
Craig Arnold Chairman & Chief Executive Officer
Richard H. Fearon Vice Chairman, Chief Financial & Planning Officer
William W. Blausey Chief Information Officer & Senior Vice President
Ramanath Ramakrishnan Chief Technology Officer & Executive VP
Gerald Bernard Smith Independent Director
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