FORT WAYNE, Ind., Nov. 17, 2016 (GLOBE NEWSWIRE) -- INCON Power Reliability Systems, a subsidiary of Franklin Electric Co., Inc. (NASDAQ:FELE), won its first ever R&D 100 Award for the newly developed OPTIMIZER3, a complete performance monitoring system for high voltage substation circuit breakers. Widely known as the 'Oscars of Innovation,' the R&D 100 Awards are an international competition that recognize the 100 most technologically significant products introduced into the marketplace over the past year.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/5943d4f4-df65-493f-aaed-acaaf6404577 The 2016 R&D 100 Awards banquet took place on November 3, 2016 at the Gaylord National Harbor & Resort in Oxon Hill, Maryland, where the leaders of science and technology industries were honored for their innovative, high-tech products and processes. Travis Wood, Director of INCON, commented, "This milestone achievement is a first for both INCON and Franklin Electric, and a testament to the relentless hard work and dedication of our engineers. One of the primary functions of our newly developed OPTIMIZER3 is to monitor the SF6 gas pressure in high voltage circuit breakers. While SF6 gas is an excellent electrical insulator, it is also one of the most potent greenhouse gases. This breakthrough innovation will help transform the electric utility landscape, granting utilities access to real-time information and ultimately reducing SF6 emissions." Innovation is one of the five core values at Franklin Electric. We evaluate and develop new technologies into our existing products, services, and processes to continuously improve the customer experience. We strive to be a complete solutions provider and our drive to innovate is at the core of what we do.