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EATON CORPORATION PLC

(ETN)
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Eaton : áEaton Announces Its Brightlayer™ Digital Foundation for Continued Transformation Into an Intelligent Power Management Company

10/22/2020 | 11:23am EDT

Eaton today announced the launch of its Brightlayer digital foundation, a major step in its transformation into an intelligent power management company. By leveraging Brightlayer, Eaton is enabling customers to optimize how power is used, stored and distributed through data and insights from secure, connected and intelligent assets.

“Eaton is transforming into an intelligent power management company,” said Aravind Yarlagadda, chief digital officer, Eaton. “We’re leveraging digital technologies like connected devices, cloud and mobile platforms, artificial intelligence and machine learning at scale, to transform power management. This makes power safer, more sustainable and efficient for our customers and partners. Brightlayer is the digital foundation for this transformational journey.”

With the Brightlayer foundation for intelligent power management, Eaton has leveraged its more than 100 years of power management expertise to help customers make their operations more efficient through the use of data and insights.

The Brightlayer digital foundation is comprised of 4 layers: data, platform, solutions, and experience. Customers have the ability to engage with any of the layers – whether accessing data from existing assets, leveraging Eaton’s digital platform and unique artificial intelligence and machine learning algorithms to deliver insights, or implementing Eaton’s suite of industry-focused intelligent power management solutions.

The data layer allows customers to access data from any Eaton or third-party connected device for use in existing applications. The platform layer is comprised of a set of open, extensible development components that are leveraged by Eaton and also available for customers and partners to enable the delivery of intelligent power management solutions to market. The solutions layer represents integrated suites of digital solutions that provide data and insights to industry-specific power management challenges, starting with utilities, data centers and industrial markets and expanding into adjacent industry markets. The experience layer is where customers, partners and developers can discover, buy, develop and collaborate on new value through intelligent power management solutions.

“Customers are increasingly prioritizing access to secure, real-time data, with the connected intelligent power management technologies they rely on,” said Yarlagadda. “Brightlayer makes it easier for them to realize the operational value of the intelligent, actionable insights they can get from that data.”

To learn more, visit Eaton.com/Brightlayer. To learn about Eaton’s full range of innovative power management technologies, visit Eaton.com.

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.


ę Business Wire 2020
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Financials (USD)
Sales 2021 19 069 M - -
Net income 2021 2 022 M - -
Net Debt 2021 8 180 M - -
P/E ratio 2021 28,1x
Yield 2021 2,12%
Capitalization 56 918 M 56 918 M -
EV / Sales 2021 3,41x
EV / Sales 2022 3,26x
Nbr of Employees 92 000
Free-Float 99,8%
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Mean consensus OUTPERFORM
Number of Analysts 25
Last Close Price 142,83 $
Average target price 157,55 $
Spread / Average Target 10,3%
EPS Revisions
Managers and Directors
NameTitle
Craig Arnold Chairman & Chief Executive Officer
Thomas Bernard Okray Chief Financial Officer & Executive Vice President
Raja Ramana Macha Chief Technology Officer & Executive VP
Katrina R. Redmond Chief Information Officer & Senior Vice President
Joe Rodgers Senior Vice President-Ethics & Compliance
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