Canadian Electrical Industry News Week

 

Hammond PowerHammond Power Solutions Inc. announced its financial results for the first quarter of 2015. Sales for the quarter-ended March 28, 2015 were $63,137,000, an increase of $3,184 or 5.3% from Q1, 2014 sales of $59,953,000. The company has been lifted by a modestly improved, construction, alternative energy, and project market segments. International sales for Q1, 2015 finished at $7,336,000 versus $8,276,000 in Q1, 2014, a decrease of $940 or 11.4%.

The company increased bookings 14.8% over Quarter 1, 2014 due to stronger bookings in both the distributor and direct channels in North American and International markets. Booking rates in the distributor channel increased 11.4% over Q1, 2014. On a direct channel basis, bookings exceeded

Q1, 2014 by 17.8%. Backlog increased 16.6% over Q 4, 2014 and finished higher by 15.8% when compared to Quarter 1, 2014 due to higher booking rates in several markets including the Canadian and U.S. OEM markets.

HPS CEO Bill Hammond commented, "We are enjoying the largest growth in bookings and backlog across all of our global operations since 2012."

Q1 2015 earnings from operations was $1,446,000, an increase of $143,000 or 11.0% from $1,303,000 for the same quarter last year. The improvement in the quarter is a result of higher sales, increased gross margin dollar contribution and a higher foreign exchange gain.

In Q1, 2015, the company announced that it had completed the formation of a new joint venture company, Corefficient S. de R.L. de C.V. ("Corefficient"). Corefficient will design, manufacture and market energy efficient electrical cores, a major component used in the manufacture of dry type and liquid filled transformers. Corefficient will be based out of Monterrey, Mexico, where a state of the art manufacturing facility is currently under construction and will be fully operational by Q4 2015.

Hammond commented, "Corefficient is an exciting venture and is reflective of the strong, long-term relationship between Hammond Power Solutions Inc. and National Material LP. Both partners bring the value of people, technology and financial strength to Corefficient. The manufacturing operation will be world class."

Hammond concluded, "We are cautiously optimistic about our growth going forward. This is supported by our growing bookings and backlog and we continue to expand our penetration of the geographies we serve. We are confident that our financial strength, core competencies and long term strategies will accelerate our growth as markets start to improve."

 

 SteriGuard Antimicrobial Plugs and Wiring Devices 

Legrand Video Week 3When it comes to reliable antimicrobial protection, SteriGuard wiring devices go all in -- storing antimicrobial growth inhibitors directly inside the products themselves. The additives are then gradually released to the surface, providing continuous, long-lasting protection against the growth of bacteria, molds, mildew, and fungi.

 

 

 

 



Watch the video HERE.

 

OmnicableOmniCable, headquartered in West Chester, PA, is inviting all electrical distributors located in the Ontario area to its open house event on Wednesday, October 23, 2019, from 10 am – 7 pm.

OmniCable opened its Toronto branch back in April 2019. Toronto is OmniCable’s first branch outside of the United States. The Toronto facility, which is approximately 50,000 square feet, is OmniCable’s 13th branch and services electrical distributors throughout Canada.

 

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Grid Analytics MarketAs data becomes central to new business models in the energy utility sector, the global grid analyticsmarket is expected to accelerate from $1.15 billion in 2018 to $2.31 billion in 2025, at a compound annual growth rate (CAGR) of 10.4%. Energy utilities are generating massive volumes of data from smart meters, intelligent energy devices, and multi-sensing units but only 2% to 4% of data from the system is actually leveraged for analytics. This data, combined with a sophisticated analytics platform, can deliver valuable insights for utilities that can lead to improved customer service and operational metrics.

 

 

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Latest Articles

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Flir Application SpotlightWithout power, factory operations cannot continue. That’s why regular scheduled maintenance is important to ensure your electrical distribution system is in working order. A combination of a thermal imager and a clamp meter can help you detect hot spots and diagnose electrical issues at the point of failure before an outage occurs, quickly and safely.  Download the Application Spotlight today.

 

 

 

 

 

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3M WebinarRegister for 3M Canada’s upcoming webinar: How TTS™ Heat Trace Cables can help you on site.

3M Canada will be hosting a heat trace cables webinar, where you’ll learn about heat trace, heat trace applications (i.e.: pipe freeze protection, roof and gutter, and surface snow and ice melting), and the benefits of self-regulating heat trace cables—TTS™ Heat Trace Cables.

Self-regulating heat trace cables can adjust their output to the surrounding temperature down the cable length.

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Tools for the Trade

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Flir CM94FLIR Systems have announced the release of their new FLIR CM94 2000-amp AC/DC electrical utility clamp meter. Designed to tackle high current electrical measurements in demanding utility and industrial job sites, the CM94 features an oversized jaw to easily manage larger conductors and busbars. With CAT IV-1000-volt overvoltage protection, the CM94 works on relays, distribution panels, vaults, switchgears and switchboards, as well as on service conductors, feeders, and production power lines.

 

 

 

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Product News

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Beghelli PluraluceThe Pluraluce is a revolutionary concept in emergency lighting. The minimalist design is the perfect embodiment of simplicity and style without sacrificing performance. These 10W LED emergency fixtures deliver between 782lm - 919lm. Each Pluraluce comes with the choice of 3 lenses, which are interchangeable. The lenses provide a unique distribution pattern, changing the coverage of the illuminated area of egress.

 

 

 

 

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Peers & Profiles

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Justin Harris is a Programmer/Electrician for COREngineering, a New Brunswick based mechanical ...
Bill Maki is an Electrical Engineer from Thunder Bay, Ontario working as a Control Systems ...
Benedict Electrical Contracting Limited is a locally owned and operated family business in Owen ...

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