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MarketScreener Homepage  >  Equities  >  Nyse  >  Eaton Corporation plc    ETN   IE00B8KQN827

EATON CORPORATION PLC

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Eaton : delivers new solution for secure, connected backup power in harsh industrial environments

11/16/2020 | 08:41am EST

November 12, 2020

RALEIGH, NC … Power management company Eaton today announced a step forward for industrial backup power with the North American launch of the Ferrups FX uninterruptible power supply ('UPS'). Building upon decades of proven performance of the Eaton FERRUPS UPS, this new solution brings intelligent capabilities and cybersecurity to industrial applications ranging from manufacturing facilities to agricultural plants to global military installations. The Ferrups FX UPS is the ideal solution for harsh power environments in industries where downtime can have a significant impact on safety, production and revenue.

'The internet of things has created new possibilities for industrial users to achieve efficiency and reliability gains that drive process and production improvements,' said Jay Queen, product manager, Eaton. 'We designed the Ferrups FX UPS with enhanced connectivity and cybersecurity safeguards, building on the reliable power protection customers have come to expect from the FERRUPS UPS, while protecting data against unwanted intrusion.'

The Ferrups FX UPS integrates intelligent power management to help protect critical infrastructure in the event of unplanned power events. Now, for the first time, users in these environments can leverage the connected capabilities of the Eaton Gigabit Network Card or Industrial Gateway Card, the first UPS network cards to achieve dual cybersecurity certifications from industry organizations UL and the International Electrotechnical Commission (IEC).

Ferrups FX UPS users can integrate Eaton's recently redesigned PredictPulse remote monitoring service to gain insights into potential issues and mitigate potential power interruptions before they happen.

The first model of Eaton's Ferrups FX UPS, the FX3100, is now available in North America and represents the first of six models set to release in the family of Ferrups FX UPS offerings.

To learn more about the Ferrups FX UPS, visit Eaton.com/FerrupsFX. To learn about Eaton's full range of innovative power management technologies, visit Eaton.com.

Eaton's electrical business is a global leader with deep regional application expertise in power distribution and circuit protection; power quality, backup power and energy storage; control and automation; life safety and security; structural solutions; and harsh and hazardous environment solutions. Through end-to-end services, channel and an integrated digital platform & insights Eaton is powering what matters across industries and around the world, helping customers solve their most critical electrical power management challenges.

Eaton's mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic, and mechanical power - more safely, more efficiently, and more reliably. Eaton's 2019 revenues were $21.4 billion, and we sell products to customers in more than 175 countries. We have approximately 92,000 employees. For more information, visit Eaton.com.

Contact
​Mike DeCamp, (919) 870-3264

Disclaimer

Eaton Corporation plc published this content on 12 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2020 13:40:04 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 17 721 M - -
Net income 2020 1 419 M - -
Net Debt 2020 7 199 M - -
P/E ratio 2020 35,6x
Yield 2020 2,37%
Capitalization 49 305 M 49 305 M -
EV / Sales 2020 3,19x
EV / Sales 2021 3,18x
Nbr of Employees 92 000
Free-Float 99,8%
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Technical analysis trends EATON CORPORATION PLC
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 124,38 $
Last Close Price 123,17 $
Spread / Highest target 25,8%
Spread / Average Target 0,98%
Spread / Lowest Target -16,4%
EPS Revisions
Managers and Directors
NameTitle
Craig Arnold Chairman & Chief Executive Officer
Richard H. Fearon Vice Chairman, Chief Financial & Planning Officer
Raja Ramana Macha Chief Technology Officer & Executive VP
Katrina R. Redmond Chief Information Officer & Senior Vice President
Gerald Bernard Smith Independent Director
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