Safety instrumented system

SUPCON Gains Momentum in Saudi Arabia and the Gulf with Recent Project Wins

Retrieved on: 
Tuesday, July 4, 2023

HANGZHOU, China, July 4, 2023 /PRNewswire/ -- SUPCON (688777.SH, SUPCON.SW), a trailblazer in process automation and digital transformation in China, has announced a series of project wins across Saudi Arabia and the Gulf.

Key Points: 
  • HANGZHOU, China, July 4, 2023 /PRNewswire/ -- SUPCON (688777.SH, SUPCON.SW), a trailblazer in process automation and digital transformation in China, has announced a series of project wins across Saudi Arabia and the Gulf.
  • These recent project wins demonstrate SUPCON's capability to provide a wide range of solutions from instrumentation, automation & information to top-level management solution.
  • The company has been expanding into the Gulf region with ambitious planning and preparation, leveraging the increasingly strong economic ties between China and Saudi Arabia, especially under the backdrop of Belt & Road Initiative and Vision 2023.
  • These visits herald a new era of SUPCON's partnership with major players in Saudi Arabia and the Gulf.

Hollysys Automation Technologies Reports Unaudited Financial Results for the Third Quarter and the First Nine Months Ended March 31, 2023

Retrieved on: 
Tuesday, May 16, 2023

BEIJING, May 16, 2023 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys," the "Company" or "we"), a leading provider of automation and control technologies and applications in China, today announced its unaudited financial results for the third quarter and the first nine months of fiscal year 2023 ended March 31, 2023.

Key Points: 
  • Net income attributable to Hollysys was $81.2 million, an increase of 35.0% compared to the comparable prior year period.
  • Non-GAAP net income attributable to Hollysys was $85.1 million, an increase of 22.3% compared to the comparable prior year period.
  • BEIJING, May 16, 2023 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys," the "Company" or "we"), a leading provider of automation and control technologies and applications in China, today announced its unaudited financial results for the third quarter and the first nine months of fiscal year 2023 ended March 31, 2023.
  • Third Quarter and the First Nine months Ended March 31, 2023 Unaudited Financial Results Summary

Hollysys Automation Technologies Reports Unaudited Financial Results for the Second Quarter and the First Half Year Ended December 31, 2022

Retrieved on: 
Wednesday, February 15, 2023

BEIJING, Feb. 15, 2023 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys,"  the "Company" or "we"), a leading provider of automation and control technologies and applications in China, today announced its unaudited financial results for the second quarter and the first half of fiscal year 2023 ended December 31, 2022.

Key Points: 
  • Net income attributable to Hollysys was $69.6 million, an increase of 57.1% compared to the comparable prior year period.
  • Non-GAAP net income attributable to Hollysys was $72.5 million, an increase of 41.4% compared to the comparable prior year period.
  • BEIJING, Feb. 15, 2023 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys,"  the "Company" or "we"), a leading provider of automation and control technologies and applications in China, today announced its unaudited financial results for the second quarter and the first half of fiscal year 2023 ended December 31, 2022.
  • Second Quarter and First Half Year Ended December 31, 2022 Unaudited Financial Results Summary

aeSolutions Announces Major Update to its FGS 1400 Fire & Gas Product

Retrieved on: 
Tuesday, October 11, 2022

aeSolutions , a consulting, engineering, and systems integration company that provides industrial process safety and automation products and services, today announced the release of an update to its FGS 1400 MK II Safety Instrumented Fire & Gas System (FGS) solution.

Key Points: 
  • aeSolutions , a consulting, engineering, and systems integration company that provides industrial process safety and automation products and services, today announced the release of an update to its FGS 1400 MK II Safety Instrumented Fire & Gas System (FGS) solution.
  • Available as a turnkey solution, the FGS 1400 MK II is pre-engineered, pre-configured, and pre-packaged, and is suitable for a wide variety of applications.
  • View the full release here: https://www.businesswire.com/news/home/20221011005433/en/
    The aeSolutions FGS 1400 MK II Safety Instrumented Fire & Gas System (FGS) designed to provide fire and gas protection based on a safety-rated control system (Photo: Business Wire)
    To ensure continuity of operations, the update will provide existing aeSolutions clients with an upgrade path to maintain their existing FGS 1400 MK II products.
  • Moving forward, aeSolutions product lines will only offer the new ET 200SP HA I/O cards in the FGS 1400 products.

Functional Safety Market size worth $ 9.8 Billion, Globally, by 2030 at 11.2% CAGR: Verified Market Research®

Retrieved on: 
Monday, July 11, 2022

JERSEY CITY, N.J., July 11, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Functional Safety Market" By System (Safety Instrumented Systems, Industrial Control Systems), By Device (Safety Sensors, Safety Switches), By End-User (Process Industry, Discrete Industries), and By Geography. According to Verified Market Research, the Functional Safety Market size was valued at USD 4.2 Billion in 2021 and is projected to reach USD 9.8 Billion by 2030, growing at a CAGR of 11.2% from 2022 to 2030.

Key Points: 
  • JERSEY CITY, N.J., July 11, 2022 /PRNewswire/ --Verified Market Research recently published a report, " Functional Safety Market " By System (Safety Instrumented Systems, Industrial Control Systems), By Device (Safety Sensors, Safety Switches), By End-User (Process Industry, Discrete Industries), and By Geography.
  • According to Verified Market Research, the Functional Safety Market size was valued at USD 4.2 Billion in 2021 and is projected to reach USD 9.8 Billion by 2030, growing at a CAGR of 11.2% from 2022 to 2030.
  • Additionally, the rising demand for safety systems within the oil & gas business to forestall industrial disasters is the major issue projected to drive the global Functional Safety Market throughout the forecast period.
  • Strict obligatory safety standards and government policies associated with the protection of the systems and personnel concerning are the most important factors chargeable for the expansion of the global Functional Safety Market.

Functional Safety Market size worth $ 9.8 Billion, Globally, by 2030 at 11.2% CAGR: Verified Market Research®

Retrieved on: 
Monday, July 11, 2022

JERSEY CITY, N.J., July 11, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Functional Safety Market" By System (Safety Instrumented Systems, Industrial Control Systems), By Device (Safety Sensors, Safety Switches), By End-User (Process Industry, Discrete Industries), and By Geography. According to Verified Market Research, the Functional Safety Market size was valued at USD 4.2 Billion in 2021 and is projected to reach USD 9.8 Billion by 2030, growing at a CAGR of 11.2% from 2022 to 2030.

Key Points: 
  • JERSEY CITY, N.J., July 11, 2022 /PRNewswire/ --Verified Market Research recently published a report, " Functional Safety Market " By System (Safety Instrumented Systems, Industrial Control Systems), By Device (Safety Sensors, Safety Switches), By End-User (Process Industry, Discrete Industries), and By Geography.
  • According to Verified Market Research, the Functional Safety Market size was valued at USD 4.2 Billion in 2021 and is projected to reach USD 9.8 Billion by 2030, growing at a CAGR of 11.2% from 2022 to 2030.
  • Additionally, the rising demand for safety systems within the oil & gas business to forestall industrial disasters is the major issue projected to drive the global Functional Safety Market throughout the forecast period.
  • Strict obligatory safety standards and government policies associated with the protection of the systems and personnel concerning are the most important factors chargeable for the expansion of the global Functional Safety Market.

Global Industrial Safety Market Research Report (2020 to 2026) - by Industry, Component, System and Region

Retrieved on: 
Tuesday, July 27, 2021

Based on Type, the Industrial Safety Market was examined across Machine Safety and Worker Safety.

Key Points: 
  • Based on Type, the Industrial Safety Market was examined across Machine Safety and Worker Safety.
  • Based on Component, the Industrial Safety Market was examined across Emergency Stop Controls, Presence Sensing Safety Sensors, Programmable Safety Systems, Safety Controllers/Modules/Relays, Safety Interlock Switches, and Two-Hand Safety Control.
  • Based on System, the Industrial Safety Market was examined across Burner Management Systems, Emergency Shutdown Systems, Fire & Gas Monitoring System, High-Integrity Pressure Protection Systems, and Turbomachinery Control System.
  • What is the market share of the leading vendors in the Global Industrial Safety Market?

aeCyberSolutions Introduces ICS Cybersecurity Risk Screening Service to Expose Potential Magnitude of Cyber Risk to Industrial Operations

Retrieved on: 
Thursday, May 13, 2021

b'aeCyberSolutions , the Industrial Cybersecurity division of aeSolutions, announces ICS Cybersecurity Risk Screening , a new service to assist industrial organizations in gaining a high-level understanding of the worst-case risk to operations should their industrial control systems (ICSs) be compromised.

Key Points: 
  • b'aeCyberSolutions , the Industrial Cybersecurity division of aeSolutions, announces ICS Cybersecurity Risk Screening , a new service to assist industrial organizations in gaining a high-level understanding of the worst-case risk to operations should their industrial control systems (ICSs) be compromised.
  • \xe2\x80\x9cOur new screening service leverages existing process safety hazard studies, if available, or helps to generate realistic operational consequence scenarios.
  • The study\xe2\x80\x99s original risk ranking is adjusted to show the modified risk should the industrial control system or safety instrumented system (SIS) be compromised due to a cybersecurity threat.
  • This combination of IT and Operational Technology (OT) expertise is essential for working in the field of industrial cybersecurity.

Insights on the Safety Instrumented Systems Global Market to 2027 - Featuring ABB Group, Emerson Electric and Siemens Among Others

Retrieved on: 
Tuesday, February 16, 2021

DUBLIN, Feb. 16, 2021 /PRNewswire/ -- The "Safety Instrumented Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Feb. 16, 2021 /PRNewswire/ -- The "Safety Instrumented Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
  • The 283-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021.
  • This segment currently accounts for a 25% share of the global Safety Instrumented Systems market.
  • China, the world second largest economy, is forecast to reach an estimated market size of US$1.1 Billion in the year 2027 trailing a CAGR of 12.9% through 2027.

High Integrity Pressure Protection System (HIPPS) Market - Global Growth, Trends, Forecasts to 2025 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, December 30, 2020

The "High Integrity Pressure Protection System (HIPPS) Market - Growth, Trends, Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "High Integrity Pressure Protection System (HIPPS) Market - Growth, Trends, Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
  • Oil and gas are one of the significant target segments for the high integrity pressure protection system (HIPPS) market.
  • A high integrity pressure protection system is a safety instrumented system designed to protect oil and gas production, refining, and pipeline systems against over-pressurization.
  • The high integrity pressure protection system (HIPPS) market is moderately competitive and consists of a significant number of global and regional players.