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WHAT’S IN A NAME? Stockholm, Sweden – Atlas Copco Board of Directors announced on January 16 that it will prepare a proposal to the Annual General Meeting 2018 to split the group into two companies; Atlas Copco, focused on industrial customers, and another one – now named Epiroc – focused on mining and civil engineering customers. The plan is to have both companies listed on the Nasdaq Stockholm stock exchange. The name, Epiroc, was selected out of almost 1,000 names evaluated. Epi is a prefix meaning “on” or “at” in Latin and Greek. Roc signals stability and durability, and rock is one of the most important materials that the company works with. “With Epiroc we have found a short, distinct and timeless name that is spot on for the mining and civil engineering business,” said Annika Berglund, senior vice president Corporate Communications and Governmental Affairs. For more information, visit www.atlascopcogroup.com.
DEMAND-RESPONSE ELECTRICITY INCENTIVE Mississauga, Ont. – Schneider Electric Canada, the global specialist in energy management and automation, announced the release of the latest version of its Global Adjustment solution for large energy users in Ontario. The solution is focused on class A users who are participating in the Industrial Conservation Initiative (ICI) which is offered by the Independent Electricity System Operator (IESO) in Ontario and now includes customers from 500KW to 1MW and above. This solution is aimed squarely at accommodating the need for a reliable and economical solution to help class A customers take advantage of the incentives offered by the new ICI program. Customers that wish to participate in the program must opt-in between June 1 and June 15, 2017. Customers who participate in the ICI, referred to as class A, pay a global adjustment based on their percentage contribution to the top five peak Ontario demand hours (that is, peak demand factor) over a 12-month base period. In conjunction with the IESO data, the Schneider Electric Global Adjustment solution automatically notifies a customer when a potential provincial peak demand hour will occur and helps them understand how a timely demand
June 2017
NIBA/PTDA JOINT INDUSTRY SUMMIT Madison, Wis., and Chicago, Ill. – Advanced registration is open for the NIBA/PTDA Joint Industry Summit at The Diplomat Beach Resort in Hollywood, Fla., September 2730. More than 1,000 delegates, representing over 425 distributor and manufacturer member companies of NIBA–The Belting Association and PTDA (Power Transmission Distributors Association) will attend. The program for the premier event for the belting and power transmission/motion control (PT/MC) industries includes cross-channel networking, shared learning and collaborative experiences under the theme, “Powering Thoughts. Conveying Ideas.” Speakers include: John O’Leary, bestselling author and speaker, teaches participants to lead a radically inspired life. Molly Fletcher,
response can have an impact on their facility and affect their utility bills. With data feeds from the IESO along with Schneider Electric metering and software, customers get comprehensive reporting and notifications to manage the loads in a facility during a peak demand hour in compliance with the ICI program. Additionally, customers have the option to add advanced forecast and control capacities that enable automatic load shedding or onsite generation. “The Global Adjustment can be the largest line item on many large electrical users’ electricity bills and can account for as much as 70 per cent of their utility bill,” noted Richard Henzie, director of Marketing, Power Solutions and Buildings with Schneider Electric Canada. “The Global Adjustment solution has the ability for class A customers to easily and quickly get a predictive report on what is happening right now as well as tracking and visualizing forecasted demand and peaks. It also tracks their consumption and gives them the tools to take advantage of that information to make the right decisions to reduce their global adjustment charges.” For more information, visit www. schneider-electric.ca.
SCALABLE IOT SOLUTIONS DIGITIZE MACHINE ASSETS AT THE COMPONENT LEVEL Cleveland, OH – Parker Hannifin Corporation, the global leader in motion and
a trailblazing sports agent, motivates relationship-building to help you rise to the top of your game. Dr. Alan Beaulieu assists company leaders with his uncannily accurate economic forecast and tips to survive through 2018 and beyond. All three speakers offer more insights during Deeper Dive sessions. For more information, visit NIBAPTDA.org or visit ptda.org.
control technologies, unveiled the Voice of the Machine IoT platform, an open, interoperable and scalable ecosystem of connected products and services. As part of a broader digital transformation underway, Parker is leveraging 100 years of product and application expertise to build better digital customer experiences. With the Voice of the Machine platform, Parker is addressing challenges that have prevented operators from fully leveraging IoT to improve safety and prevent unplanned downtime and high maintenance costs across their industrial applications. Some of these challenges include legacy devices that are not IoT-enabled, an absence of component-level insights and competing communication protocols used by various suppliers. Parker is using a centre-led approach and has adopted a common set of IoT standards and best practices for use across all its operating groups and technologies. Every connected product uses the same repository of digital services with an exchange-based platform architecture, designed by software experts at Exosite. The Exosite IoT architecture makes it easy to deploy a diverse set of connected solutions leveraging that same set of digital services and to integrate Parker solutions with other partner platforms. For more information, visit www.parker.com/IoT. MRO