SWINDON, United Kingdom and NUREMBERG, Germany, October 15, 2018 – Sensata Technologies (NYSE:ST), an industrial technology company and a leading provider of sensors, announced that it will exhibit at SPS IPC Drives 2018 (Hall 10.1, Booth 111) this November. To highlight its expanded Industrial business and application-specific expertise, Sensata will organize its booth around product lines and market solutions.
Among its featured products will be the very latest switches, Crydom relays, circuit breakers and electrical protection devices, complemented by BEI Sensors position sensors and encoders, pressure and temperature sensors, and BEI Kimco motors. In addition, recently launched products, such as the DR45 DIN rail mount Solid State Relay (SSR), will be on display. The NOVA 22 DR45 is one of the only SSRs capable of accepting output wires up to 3 AWG with an IP20 protection rating. At the show, Sensata expects to introduce two new product series that expand on the NOVA22 family of relays. The new series will feature higher ratings in more compact packages.
From its position sensing solutions, Sensata will display its SIL3/PLe-rated functional safety encoders, which feature digital and sine/cosine analog electronic output options in addition to a new hall effect sensor with IO link.
Sensata is also proud to announce an agreement to acquire GIGAVAC LLC, an industry-leading producer of high voltage contactors that are mission-critical components for electric vehicles and equipment. The acquisition of GIGAVAC (which is expected to close in the fourth quarter and is subject to customary closing conditions and regulatory approvals) will extend Sensata’s capabilities in electrification for many complex and challenging applications in the automotive, battery storage, industrial and heavy vehicle and off-road (HVOR) markets.
In the market segment focus of the exhibit, Sensata will demonstrate how its products provide solutions for a diverse range of Industry 4.0 applications to support greater automation, increased productivity, and best-in-class safety and performance. These segments include areas such as materials handling (and especially the new generation of automated guided vehicles – AGVs), water management, and heating, air conditioning and refrigeration systems.
Sensata is an engineering-focused business, with a goal to empower engineers across a diverse range of sectors and industries to create smarter, more connected solutions for the design challenges of today and tomorrow.
SPS IPC Drives will take place in Nuremberg between 27 – 29 November, 2018. Visit www2.sensata.com/sps to redeem a free entry pass to the show or to schedule a meeting with the team in Hall 10.1, Booth 111.
About Sensata Technologies
Sensata Technologies is one of the world's leading suppliers of sensing, electrical protection, control and power management solutions with operations and business centers in 12 countries. Sensata's products improve safety, efficiency and comfort for millions of people every day in automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, ventilation, and air conditioning, data, telecommunications, recreational vehicle, and marine applications. For more information, please visit Sensata's website at www.sensata.com.
Safe Harbor Statement
Certain statements in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including the Company's current expectations regarding the timing for closing of the transaction and its uses of proceeds. These forward-looking statements are based on certain assumptions and reflect our company's current expectations. As a result, forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the parties' ability to receive regulatory approvals and satisfy conditions to closing as well as other factors discussed in materials that Sensata from time to time files with, or furnishes to, the U.S. Securities and Exchange Commission. There is no assurance that a transaction involving all or part of the valves business will be completed or that other events described in any forward-looking statement will materialize. Except as may be required by applicable law, the Company disclaims any obligation to update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak to results only as of the date the statements were made; and we undertake no obligation to publicly update or revise any forward-looking statements, whether to reflect any future events or circumstances or otherwise. See "Risk Factors" in the Company's 2017 Annual Report on Form 10-K and other public filings and press releases. Copies of our filings are available from our Investor Relations department or from the SEC website, www.sec.gov.
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