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    SU   FR0000121972

SCHNEIDER ELECTRIC SE

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Schneider Electric: Easy Lock mechanism for I-LINE(TM) Track Plug-In Unit wins Red Dot Award, recognizing Schneider Electric's commitment to simplicity and efficiency

04/08/2021 | 01:13pm EDT

Schneider Electric, the global leader in the digital transformation of energy management and automation, has received a 'Red Dot Product Design Award 2021 for the Easy Lock mechanism, part of the Plug-In Unit for its I-LINE(TM) Track busway. This award recognizes the outstanding design and quality of the Easy Lock mechanism and other innovations in the I-Line Track busway which primarily serves the high reliability and high flexibility needs of data centers. It enhances how customers and partners install, commission, operate and maintain busway systems.

This innovative design will enable faster deployment of the electrical equipment required to power today's growing demand for data centers. Schneider Electric's new and more flexible busway system designs can be upgraded and expanded faster, to ensure reliable and efficient power distribution to avoid outages and secure stable data center operations.

The unique Easy Lock mechanism simplifies, until now complicated, busway installation and connection. The Plug-In Unit is now user-friendly with a trigger mechanism, hanging claws, and a handle. No tools are required to safely and easily install or remove the complete unit in less than five seconds, which is ten times more efficient than competing busway systems. Users also appreciate other design features including an indicator to show its status, when in operation or locked.

Schneider Electric incorporated ten patented, break-through innovations in the I-LINE Track, improving the current-carrying capacity and connection reliability, and reducing busway installation space by 60%. The plug-in unit delivers more flexibility in deployment and improves installation speed and efficiency. Other digital innovations help to detect and quickly locate faults, track power quality and system hazards, and automate operations and maintenance, to help reduce a data centers' energy consumption and carbon footprint.

The Red Dot Design Award 2021 attracted many great products from about 60 countries worldwide, which were evaluated on multiple criteria by an international jury.

Li Rui, SVP, Head of Energy Management LV, Schneider Electric China, said: 'This recognition is a great honor. At Schneider Electric, it has been our belief for years to focus on customer needs and meet those by innovating. The Easy Lock mechanism is one example of how Schneider Electric is committed to empowering partners and customers with simplified and reliable solutions that help save time and costs, maximize reliability, and meet corporate efficiency goals.'

About Schneider Electric

Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries. With global presence in over 100 countries, Schneider is the undisputable leader in Power Management - Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software. In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency. We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.

Media Contact

Company Name: ABC Private Limited

Contact Person: Media Relations

Email: ajaysinghtanwar03@gmail.com

Phone: 8745857610

Country: India

Website: https://www.se.com/in/en/

Source: www.abnewswire.com

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(C) 2021 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials
Sales 2021 27 299 M 32 712 M 32 712 M
Net income 2021 2 677 M 3 208 M 3 208 M
Net Debt 2021 4 194 M 5 025 M 5 025 M
P/E ratio 2021 28,1x
Yield 2021 2,00%
Capitalization 76 220 M 91 303 M 91 334 M
EV / Sales 2021 2,95x
EV / Sales 2022 2,77x
Nbr of Employees 135 000
Free-Float 92,7%
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Average target price 135,91 €
Last Close Price 137,50 €
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Jean-Pascal Tricoire Chairman & Chief Executive Officer
Hilary Maxson Chief Financial Officer
Hervé Coureil Executive Vice President-Information Systems
Premraj Krishnakutty Vice President-Research & Development
Léo Apotheker Director
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