Emerson’s venture capital unit (EMR) invests in Spearix – September 1, 2022

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Emerson Electric Co..’s (EMR Free Report), corporate venture capital arm, Emerson Ventures, has made a strategic investment in Spearix Technologies, Inc., a startup providing wireless solutions in industrial environments.

This investment will help Emerson expand its Industrial Internet of Things (IIoT) capabilities while supporting Spearix’s growth. In addition to this investment, EMR has also entered into an engineering collaboration agreement with Spearix.

The implementation of Spearix technology in Emerson’s industrial wireless mesh network portfolio and associated software products will help Emerson achieve increased reliability and range.

EMR’s investment in Spearix is ​​a step forward in its vision for WirelessHART and the evolution of its IIoT product portfolio. Integration of Spearix technology will improve Emerson’s reliability and range, improve coexistence and spectral efficiency, help reduce cost of ownership, and deliver higher data rates to accommodate data-rich devices .

Emerson’s investment will help Spearix drive its advanced radio frequency (RF) and digital signal processor architectures and provide solutions to address connectivity issues in adverse RF environments.

Zacks ranking and key picks

Emerson wears a Zacks Rank #3 (Hold).

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Lindsay Corporation has an estimated earnings growth rate of 44.1% for the current year. Shares of the company are up 20% in the past six months.

Greif, Inc.. (WEF Free Report) currently carries a Zacks Rank #2 (Buy). The WEF generated a profit surprise over the last four quarters of 22.9% on average.

Greif has an estimated earnings growth rate of 36.8% for the current year. Shares of the company have gained 18.3% over the past six months.

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