Dallas, Texas 01/30/2014 (FINANCIALSTRENDS) – The S&P 500 index tracked Texas Instruments Incorporated (NASDAQ:TXN) announced on 28th January that it is all set to collaborate with Triangle MicroWorks (TMW) to offer new age solutions branded as “DistribuTECH 2014”. These solutions are based on ‘Ethernet-based industrial networking” platform and is expected to help reduce the steep learning curve of developers involved in implementing the IEC 61850 standard. It is important to note here that the IEC 61850 standard has emerged as the differentiator in the further quick adoption of the smart grid infrastructure into automation of existing sub-stations.
The collaboration involves Triangle MicroWorks (TMW) using its IEC 61850 Stack to optimize the working of Texas Instruments Incorporated (NASDAQ:TXN) produced Sitara™ AM335x processors. The plan also involves further certifications between Triangle MicroWorks (TMW) and more system-on-chips solutions of the Dallas based semi-conductor major.
In their joint statement, the two companies have disclosed that the collaboration is going to “help optimize the substation automation solution by shortening the development cycle, while reducing system cost and complexity by replacing traditional ASIC or FPGA solutions with a Sitara-processor-based industrial communication subsystem (PRU-ICSS).”
It is appropriate to note here that Texas Instruments Incorporated (NASDAQ:TXN) has over the past few years been aggressively investing and promoting its smart grid product solution stack and infrastructure. It has been offering automated systems and integrated solutions which will provide “innovative, secure, economical and future-proof” and help utility providers in tracking and managing the flow and supply of energy to millions of their users via smart energy meters which are produced by Texas Instruments Incorporated (NASDAQ:TXN).
In spite of its push into smart grid related solution offerings, the stock of the fabled Semiconductor major has been going through tough times at the markets. The stock has shed 2.4 percent of its market valuation in the past one week of trading.