United States, New Jersey, Edison - 08/12/2019 (PRESS RELEASE JET)
Iris Energy LLC, USA and Excelsource International Pvt Ltd, India have signed a strategic distribution agreement for manufacture and distribution of predictive maintenance solutions. This arrangement will enable Iris Energy LLC to extend its customer footprint in emerging markets globally.
Iris Energy LLC is known in the Research & Development industry for providing its customers with efficient commercial solutions involving complex algorithms, advanced electronics, power and communications, Electric vehicles, Artificial Intelligence, Robotics, Realtime Positioning, Machine Vision and solutions encompassing Online realtime monitoring and analysis for Lubricant and Cold Chain monitoring.
“We are very excited to work with Iris Energy,” said Bhavesh Buddhdev, Managing Director, Excelsource. “Teaming up with Iris Energy to market Predictive Maintenance solutions to fast growing economies like India, Africa, and Middle East is an exciting opportunity for our company in its plans for global expansion.”
Excelsource is known for its extensive network across India, Africa, and Middle East and is well positioned to take Iris Energy’s products to these markets. “ExcelSource is a great partner and this partnership reflects our desire to collaborate with companies that share our vision of global leadership in an emerging technology segment like Predictive Maintenance”, said Deepak Chandran, President and Chief Technology Officer of Iris Energy.
Dedicated partnerships are necessary for technologies to establish in this emerging segment of predictive maintenance, requiring customer access, techno-sales expertise and project delivery capability. In this strategic partnership, Iris Energy will develop the devices, required algorithms and software, as well as predictive analytics, while Excelsource will market Predictive Maintenance solutions to prospective customers across various industry verticals in these emerging markets. Initially, Excelsource will focus in the markets of Africa, India, and Middle East. As the business grows, both partners expect to enlarge their footprints in other global markets.
About Iris Energy LLC
Founded in August 2012, Iris Energy LLC is focusing on research and development of cutting edge technology products. Iris Energy offers complete, turnkey solutions, as well as solutions in system optimization, improving system efficiencies, enhancing product performance and features, cost effective solutions, and designing solutions for difficult operating parameters. Iris Energy has now developed a suite of products and software for effective predictive maintenance solutions for plants and machinery. For more information about Iris Energy LLC, visit its website at http://www.irisenergyus.com.
About Excelsource International Pvt Ltd
Founded in 2004, Excelsourceis an India based EPC, Technology and Innovation company thatoffers complete sourcing solutions in engineering goods, plants and machineries, consumable items, hospitality industry, and turnkey project management to clients across the globe. The company’s vision is to build long-term relationships with customers and suppliers based on mutual trust and respect developed through high quality turnkey projects, end-to-end solutions, timely execution, and meeting customer expectations using best industry practices. Excelsource has already established extensive business connections in India and Africa. For more information about Excelsource, visit its website at https://www.excelsource.co.in
For more information please contact:
Iris Energy LLC
860 US Highway 1
Suite 1 Lower Level
Edison, New Jersey-08817
Fax: +1 732 453 0040
Deepak Chandran (President & CTO)
ExcelSource International Pvt Ltd
301/302, Sampatti Complex,
Race Course, Vadodara – 390007 India
Tel: + 91 265232416
Fax: + 91 265-3088777
Bhavesh Buddhdev (Managing Director)
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