CANTON, Ohio, March 21, 2012 /PRNewswire/ -- The Timken Company (NYSE: TKR) announced it has reached an agreement with Northern States Power-Minnesota, an Xcel Energy Company, for remote monitoring of wind turbines at Xcel Energy's Nobles Wind Farm in southern Minnesota.
Timken will supply 134 of its Online Intelligence Systems (OIS) for the 1.5‑megawatt wind turbines at the facility. The initial agreement includes two years of condition monitoring and advanced on-going analysis services.
Timken's Online Intelligence System is a breakthrough condition monitoring/data collection and reporting system specifically designed for low-speed wind turbine applications. The Timken OIS analyzes a combination of vibration, high-definition shock pulses and analog/digital inputs to identify main-shaft bearing, gearbox, and generator problems before they develop into life-limiting conditions.The NSP-Minnesota system is permanently mounted for real-time data retrieval, but the technology can also be packaged as a portable system for trouble-shooting turbines without online systems during normal service intervals. The contract with NSP-Minnesota builds on a number of recent successes as Timken continues to focus on improving the reliability and service of its wind energy customers. "Timken has recently installed wind turbine monitoring systems in Asia, the U.S. and South America, and has signed a technical development arrangement with Xinjiang Goldwind Science Technology & Co., China's second-largest wind turbine manufacturer," said Hans Landin, director of process industries, original equipment and wind energy for Timken. "Timken has also established itself as a primary source of wear-resistant aftermarket bearings solving recurring turbine reliability problems, which have become a significant issue throughout the wind energy industry." "As the number one wind power provider in the United States, wind energy plays a significant role in our balanced portfolio," said Laura McCarten, regional vice president Northern States Power-Minnesota, an Xcel Energy company. "Our agreement with Timken will help us continue to provide reliable, cost-effective wind energy to our customers." About Xcel Energy Xcel Energy Inc. (NYSE: XEL) is a major U.S. electricity and natural gas company with regulated operations in eight Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.4 million electricity customers and 1.9 million natural gas customers through its regulated operating companies. Company headquarters are located in Minneapolis. About The Timken Company The Timken Company (NYSE: TKR; www.timken.com) keeps the world turning with innovative friction management and power transmission products and services that help machinery perform more efficiently and reliably. With sales of $5.2 billion in 2011 and approximately 21,000 people operating from locations in 30 countries, Timken is Where You Turn® for better performance. Contacts - Media: Dan Minnich, Ofc: 330.471.7760. firstname.lastname@example.org; Investors: Steve Tschiegg, Ofc: 330.471.7446. email@example.com, The Timken Company. SOURCE The Timken Company
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV