The demand for NxtPhase's products is being driven by an aging infrastructure, deregulation & technological change in the electrical industry. The first market opportunity open to NxtPhase is the sale of advanced optical current & voltage tranducers. The market opportunity is supported by:
- Aging infrastructure, much of which is at or beyond Original Equipment Manufacturer ("OEM") lifetime design
- Deregulation ending the investment stagnation in the power industry, as evidenced in the UK where National Grid has the highest infrastructure spending in its history
- New generation plants installed to ease grid congestion;
The separation of generation, transmission & distribution functions as the vertically integrated traditional utility is incompatible with most deregulated industry models
- Urgent need to increase existing transmission capacity by eliminating grid inefficiencies & providing much more accurate & reliable measurements of electricity
- Increased number of transactions due to disaggregation in ownership of the electrical grid & the emergence of wholesale & retail U.S. competition
- Heightened concern over power quality attributable to the increased portion of the load powering sensitive electronics
The second market opportunity NxtPhase is actively pursuing is the market in integrated digital systems to enable remote monitoring & interactive control, a market of similar size & opportunity as the optical sensors.
The third market opportunity is for NxtPhase to become the dominant provider of information to all parties with a vested interest in the effective management of the electrical grid.
|
