HMS Networks AB, a supplier of communication technology for industrial automation, Monday said it has received a major order from a European automation device manufacturer to deliver Industrial Ethernet communication based on Ethernet POWERLINK technology for AC drives.
The total volume of the contract is approximately 1.4 million euros over a three years period and consist of hardware shipments and software development.
Thilo Doering, Sales Director Central Europe, Germany, said, "POWERLINK and other industrial networks are growing in importance when connecting machines and devices to get better performance and flexibility in today's manufacturing, strongly supported by trends such as Industrie 4.0 and Industrial Internet of Things. With the best in class and leading Anybus® technology from HMS we enable these trends already today for our customers."
In Sweden, HMS Networks shares were trading at 205 Swedish kronor, up 0.49 percent.