Emerson Electric Co.'sEMR operating arm Emerson Process Management recently introduced a new application - ATG View - that will let mobile users access critical asset health information of equipment.
ATG View to Simplify Maintenance
The ATG View application can seamlessly access data from Emerson's CSI 6500 ATG machinery protection and prediction monitoring system and present this data to mobile users so that they can use it in real time. This application will allow mobile users to scan response code located on the CSI SI 6500 ATG cabinet and access status and health of all cards from the associated rack.
Overall, the application will greatly simplify the work of maintenance personnel by reducing visits to the control room, which in turn will enhance their ability in ascertaining equipment health reliably. ATG View is already available on the Apple Store and Google Play.
Will Product Launch Drive Sales?
Emerson Process Management follows a proactive strategy of product introductions to bolster the company's sales. Some of the notable product introductions of the second quarter are Enardo 2000 emergency pressure relief vents, high-precision pressure and temperature Paine 310-38-0050 Transducer Series, Rosemount CT5100 continuous gas analyzer and Micro Motion Advanced Phase Measurement. All these are customized to resolve the most pressing issues of clients. The company expects rapid traction of these products to be conducive to sales growth.
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Despite the product launch drive, Emerson Process Management has been grappling with contracted demand and adverse macroeconomic factors, specifically from low order rates stemming from weak global spending in the oil and gas industry. We believe that sales of this segment will remain thwarted until global economic growth picks up.
Emerson currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include Dycom Industries Inc. DY , EnerSys ENS and Schneider Electric SE SBGSY . While Dycom sports Zacks Rank #1 (Strong Buy), EnerSys and Schneider Electric carry a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
