Lyrtech Signs Building Automation Sensor Manufacturing Agreement with Multinational Client

Lyrtech, manufacturer of digital signal processing solutions, has entered a $342,000 building automation sensor manufacturing agreement with a multinational client.

The manufacturing agreement was signed after the 12-month development of the sensor for the undisclosed client. Lyrtech expects to extend the agreement for a further period and produce another sensor solution in the building automation segment that would increase the total value of the sensor contract to around $6.7 million.

Growing concerns on energy efficiency and energy use is expected to fuel the demand for the sensor product in building automation applications. The sensor will enable central controllers in smart buildings to adjust airflow, light and heat.

Lyrtech has also developed other technologies, which are being evaluated in building automation and smart buildings.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Choi, Andy. (2019, February 24). Lyrtech Signs Building Automation Sensor Manufacturing Agreement with Multinational Client. AZoSensors. Retrieved on July 13, 2024 from https://www.azosensors.com/news.aspx?newsID=2432.

  • MLA

    Choi, Andy. "Lyrtech Signs Building Automation Sensor Manufacturing Agreement with Multinational Client". AZoSensors. 13 July 2024. <https://www.azosensors.com/news.aspx?newsID=2432>.

  • Chicago

    Choi, Andy. "Lyrtech Signs Building Automation Sensor Manufacturing Agreement with Multinational Client". AZoSensors. https://www.azosensors.com/news.aspx?newsID=2432. (accessed July 13, 2024).

  • Harvard

    Choi, Andy. 2019. Lyrtech Signs Building Automation Sensor Manufacturing Agreement with Multinational Client. AZoSensors, viewed 13 July 2024, https://www.azosensors.com/news.aspx?newsID=2432.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.