Equity investment made in software company

Mitsubishi Electric Automation has made a 19.9 percent equity investment in Iconics, a U.S. software company.


GENESIS64 — Designed from the ground up utilizing OPC Unified Architecture (OPC-UA) and 64-bit multi-core hardware platforms, the GENESIS64 suite includes several modular solutions that simplify connectivity from the plant floor to corporate business systems.Mitsubishi Electric Automation Inc. has made a 19.9 percent equity investment in the U.S. software company Iconics. The move enables Mitsubishi Electric to incorporate Iconics’ supervisory-control and data-acquisition (SCADA) software in factory and process automation solutions, primarily for new social infrastructure opportunites in emerging markets.

Mitsubishi Electric will also work with Iconics to develop and market energy management and control solutions for factory and process automation applications in key emerging markets, such as China, Southeast Asia, India and Brazil, which are raplidly developing infrastructure for ground and air transportation, water and waste water treatment, building facilities and more.

The company expects sales of factory automation solutions for infrastructure projects in emerging markets to reach $130 million, in the fiscal year ending in March 2014.


Mitsubishi Electric Automation Inc.


Iconics Inc.

- Edited by Chris Vavra, Control Engineering, www.controleng.com 

HMI and OI Channel has additional news, products, articles on SCADA.


No comments
Consulting-Specifying Engineer's Product of the Year (POY) contest is the premier award for new products in the HVAC, fire, electrical, and...
Consulting-Specifying Engineer magazine is dedicated to encouraging and recognizing the most talented young individuals...
The MEP Giants program lists the top mechanical, electrical, plumbing, and fire protection engineering firms in the United States.
Salary survey: How much are you worth?; Dedicated outdoor air systems; Energy models and lighting
Fire, life safety in schools; Fire protection codes; Detection, suppression, and notification; 2015 Commissioning Giants; Emergency and standby power in hospitals
HVAC and building envelope: Efficient, effective systems; Designing fire sprinkler systems; Wireless controls in buildings; 2015 Product of the Year winners
Designing positive-energy buildings; Ensuring power quality; Complying with NFPA 110; Minimizing arc flash hazards
Implementing microgrids: Controlling campus power generation; Understanding cogeneration systems; Evaluating UPS system efficiency; Driving data center PUE, efficiency
Optimizing genset sizing; How the Internet of Things affects the data center; Increasing transformer efficiency; Standby vs. emergency power in mission critical facilities
As brand protection manager for Eaton’s Electrical Sector, Tom Grace oversees counterfeit awareness...
Amara Rozgus is chief editor and content manager of Consulting-Specifier Engineer magazine.
IEEE power industry experts bring their combined experience in the electrical power industry...
Michael Heinsdorf, P.E., LEED AP, CDT is an Engineering Specification Writer at ARCOM MasterSpec.