Rockwell Automation, Inc. (ROK) Earnings Call Transcript & Summary

Hello, and thank you for joining today's webinar. Just a quick reminder, please make sure you are connected on Chrome or Firefox in order to have a better experience with the webinar. Make sure you are using the correct audio setting so you can actually hear speakers and videos going on. You can use the Q&A section in order to apply your question for our speakers. And if you're having any trouble connecting, please make sure you're disconnected from VPN, and refresh your browser to have the settings going on. And the webinar will be recorded and you will receive that in the following e-mail together with the presentation. With that, I would like to bring you Joseph Gutierrez. Hi, Joseph.

Hi, good morning. So today, we'll be talking about power to drive modernization. And what that entails is getting our drives on the network and upgrading some of our older drives. So a few questions to get started. How many of you have older drives in the -- in your system, in your facility? Some of those would be like the 1336, multi 160, the [indiscernible] 4 class, maybe the [indiscernible] 70, maybe even competitor drives and some may even have drives that are not on this list. So if you can please go ahead and answer that poll, it would be a great help as far as what kind of content we're going to be showing on this webinar. Okay. So it's looking like there is quite a few people out there with a base [indiscernible] 7 class drives, which is our -- part of our architecture and component space family and drives. I do see quite a bit of competitor drives as well. So this webinar should be very informative for you and give you a path to that migration. Now let's move on to the next poll question. Of those drives that you have in your facility, are any of those drives are on the network? Potentially, that could be [indiscernible] Ethernet or no network at all. And there are quite a bit of other networks as well controlling that device net. So we'll give you a second to answer those questions. Okay. So it looks like more than half our legacy network or no network at all. So this will give you an opportunity to learn some of those network migration paths that Rockwell has to offer. Next, are you experiencing a knowledge gap? People familiar with your application. We are having a workforce that's getting older, that's retiring and we have a new workforce coming in. So this can lead to, a, what we call a knowledge gap, people not familiar your application or with your hardware. I'll give you a few seconds to answer. So it looks like quite a few of you are worried about this knowledge gap. And it's real, we see it out there. We get a lot of questions regarding this and how do we prepare that main step for the next generation of drives. So if you execute it and upgrade to a connected drive, this would empower your workforce to be able to handle that next generation of drive connectivity. This will also -- some of the benefits for that will reduce the time it takes for your staff to troubleshoot. Also, with today's cyber environment, we will also help with securing your system. And so -- and that's just to name a few of them. There are many more reasons to do an upgrade to a network connectivity. But these are some of the more important points to that. Connecting our drive to Ethernet, it's the backbone of our drive modernization program. And so this also reduces the amount of hardware that you have, the ability to learn and implement those changes into your facility. And with that comes the ability to troubleshoot and repair faster, make informed decisions because now you've got a plethora of information at your fingertips. And there's a commonality then between our [indiscernible] products now with the Logix platform. So below is an example of one of those features that you get with connected -- connectivity. So as just an example, this happens a lot, but you basically have a -- basically, you'll get a hot call, the worst opportune time, you get a drive that fails. With automatic device configuration, the main staff simply just has to replace that drive with a smart switch. It will send down the IP address. IP is in the drive, the Logix controller will recognize it, will do a check sum to see if that program matches the primary things that it has. If it does not, it will then send down that configuration. And now you considerably reduce the amount of time it takes for your maintenance staff to troubleshoot and repair a problem like this. So this is a onetime setup, not very difficult to configure, but you can see how much time it will save your maintenance staff in stress safety and get your production back up and running in no time. So where is the power in this drive modernization program? It's in the power of information. So below, you'll see an example of connected components work bench, and this is a very common screen that you'll see in a lot of our platforms. But with our new Premier integration, power modernization drives, we have this information now where instead of being reactive, now your maintenance staff can be proactive. You can see when you will have to do some maintenance times. It's very easy to bring up and to see that and how you can plan for it. So you know you've got a downtime coming up, instead of waiting for something to happen, maybe it will happen during production, maybe it won't, now you can plan for it, you can simply see where you're going to have to do this maintenance and then prepare for it. So some of the things that you will see would be -- some of the fans would be maybe a lubrication for the motor, other things like that. But as you get higher in the premium space of our driving some more information will be there. And then some of our smaller component class drives, there's also some information there that's readily available that can help as well with planning for those kinds of things. Another thing that this connected connectivity gives you is safety. So now you've got remote operation and configuration of these devices away from the drive itself preventing potential safety hazards. There are a number of safety features that our drives do have, some of them being safe for cars, [indiscernible], things like that. Now you've got a faster start-up after a safety event occurs, and now you're reducing your downtime. And now you're removing your staff, your most important asset, from those potential hazards. And like I said, there are many options where you can have a hardware option or you could have a safety option over the network. This is just an example of what that hardwire safety might look like and how that, with our controllers and with our drives, that system looks like. So these are some of our products that you normally would see on that network. Safety over Ethernet. That is one of our flagship network safety options. And again, you can kind of see we have a lot of our products that have that capability into the drive. Also, with today's cyber environment, you do have that risk of an attack from an outside source. Our drives are security enabled. So with configuration with your controller in that connectivity, you can also help secure your drives from that cyber threat. Another feature of our drives is the efficiency of our drives. So you're improving the productivity and performance of our drives as well as sustainability. There are built-in features like economizer, the ability to use different types of motors, our IE2 eco design and the testing that we do with our drive and [ older ] combinations as well. There is a link there for you, feel free to visit that at a later time, but it kind of gives you a calculator and shows you the drive efficiency that our drives have. So if [indiscernible] correctly, upgrading to a connected network drive modernization program will empower your workforce. It will reduce that curve for your workforce to be able to maintain and operate the drives. It will reduce the complexity of troubleshooting. It will increase the safety features for not only your personnel but also your facility. And you'll get many benefits from all the information that's now available to you. So another poll here. What are the challenges to migrating? There is always a cost. There's product issues. There's a time for an upgrade. And an older legacy network which requires more of an uptime. So I think we can get a quick [indiscernible] what kind of people are experiencing these problems. Okay. So these are typically a lot of the reasons that customers have for putting off migration. And typically, you're going to end up paying more than this cost down the road the longer you wait. The more things become obsolete, the more they start to break down. So putting in that investment for plan it, that is a sunken cost, of course. But the longer you wait for more of those, costs will escalate. So why migrate? The reason for migrating are a lot of different reasons. Reliability, drop in replacement, among others. So Moranu, if you'd like to take over at this point, that would be great.

Yes. Thanks, Joe. I appreciate all that you shared already for this webinar. So as you guys know, my name is Moranu Adeniyi, the product owner for the PowerFlex 755TS, which is our flagship product in our architecture standard drive space. So today, as Joe was already highlighting, the point of this webinar is to help our customer base and distributors, people who are already using our products. It was great to see we have about 34% of our people on the call using PowerFlex 70, 700, [indiscernible], and we want to help make this transition to the new product line easier for the customers. So the first thing I want to mention here is that we are the manufacturers. We're the ones who you've trusted for a number of years since 1336 to be able to produce drives. And so we have our customers' best interest in mind. And the first bullet point I have here for reliability. The main point of why we want customers to migrate is to make sure that your plant keeps running. That's our #1 goal, that all our plants are running effectively, efficiently, their throughput throughout the process. And so with what we have been experiencing with the supply chain, just craziness, if we want to be real, what we're experiencing is just a lot suppliers, a lot of vendors just to obsolete some of the components that are in some of those older drives. And so what we've done with our new products, our new flagship products, is that we've actually made them more resilient by selecting components in those drives that we know that the vendors are going to continue to produce for a long time. So our new product, the 755TS, this is the more resilient for your best shot at longevity because we have components in those drives that are going to last longer. It's getting harder and harder in this day and age to keep those components in the older drives because those components are becoming more and more obsolete and it's harder to find them. Just similar to what you do with -- if you had a very, very old Mercedes, it's again even harder to keep up with those costs for those components in those older cars as well. And then the other thing, as I mentioned, the goal here is to make sure that your plant keeps running. With the 755TS, we have our [indiscernible] for protection for the 755TS drives. These drives have the ability to combat against corrosive environments, especially in water, wastewater environment and auto industry, even in the metals space. And on this in sense in the sugar space, sugar industry, seeing that the components that we, especially copper and silver, are very susceptible to corrosion. And then when you add humidity and heat to that, which are present in some of our plants, it makes corrosion -- escalate corrosion even faster. So what we've done is we've added some extra form of coating. We've tested some of our components, we've actually forced some of our vendors to meet our [indiscernible] standards so that [indiscernible] last longer in some of those corrosive environments. Another thing we've done is to extend the ambient temperature in this new 755TS drives. We can go up to 60-degree Celsius. But [indiscernible] 50-degree Celsius without a new rate. Once we get to 60-degree Celsius there is a derate for those drives. And then we've added the dual gigabit Internet IP ports into these drives to be able to get all that information that Joe was mentioning, the predictive analytics and all the other information, [ faults], alarms, just how our drives are doing, we can get those faster from the gigabit Ethernet ports but also enables the DLR topology, device level topology which also helps in the case of downtime on one of our -- if one of the networks and the drives fails, the DRL allows you to continue to stay on network for the drives and for the system as a whole. So once again, our main goal is to make sure that or drives help keep production running in your plants. And once again, I saw in the poll that there is an increase in knowledge gap in -- within the industry. And so what we've done, we've listened to our customers' complaints, we've listened to what you've been asking us to do, and we've made these drives -- these new drives drop in replacement mechanically. So all the panel and the wire and then the layout is the exact same thing. So you don't have to change your panels anymore. You don't have to change the wiring because it's -- they all connect in the same spots in these new drives to make it easy to migrate to the new drives. Electrically, they're also the same. We also have the same amp ratings. We've actually improved some of those amp ratings. In frames 3 and frames 4, we have an improved power density [indiscernible] so we can get you more power out of those smaller frame sizes so that you can you reduce on your space in your plants. Software. These drives have easy configuration with Studio 5000, if you're familiar with that, but also has easy configuration with CCW to be able to control the drives as well. And this, the last feature here that I put on the slide is emulation mode. Once again, we know that some of our customers are used to using our 755, 753 drives. So emulation mode is it has the ability to drive things as it is the firm of the drive things like it's a 755 drive. But the reality is you lose some of those features that we make into the new firmware for the 755T drives. But if you love the feel and the feel and the look of the old 755 classic drives, we have the emulation mode that's going to be released next year that allows you to be able to future-proof and still use our new drives while the drive's acting like an older drive. These are features that are turning bake into the drives so that it is easier to migrate and keeps your plants running. And it makes it easier for the workforce that's already used to the older firmware to be able to continue to use the new drives without having to learn anything new. And lastly, the performance of the new drives. We have engineers who have been working hard to make our performance on these drives, right? We have predictive maintenance, as Joe was talking about. So this allows you the opportunity to know when our components are going to be failing before they fail to prevent downtime. What this does is kind of like the oil change in your car. Back in the day, they'd put the sticker and to tell you in 3 months you should come back to change your oil. But what we've done with our drives is if you drove, say, 19 hours, you're not coming back in 3 months to change. Your oil life is going to be drastically reduced. So in predictive maintenance, it's the same symptopology, same technology. What we do is on the usage of the drive, the usage of the bus ripples and also how the application, the use of the drives and the IGBTs, the power module, the drive has the ability to let you know way ahead of time if components are going to fail, when they're going to fail. If you're not using components as highly as you should, then you're saving -- you don't have to always replace the plant. But if you're using a very, very -- in a rough environment, then it lets you know ahead of time that it's time to change so that you can plan your downtime and not have components still on you. The next feature there is our adaptive control features. These are features that allow you to be ease of commissioning. I know and PID loops and [indiscernible] drives can be very, very difficult. It takes a very experienced workforce to be able to continue to tune PID [indiscernible]. But what we've done with our drives is that the drive has the ability to know based on the application and to tune itself, which is super, super smart and which is just a very high-performing drive. Another thing is it has the ability to track [ builders ] vibrations in the system. So electrically, the drive can save you mechanical components down the line. Most of our drives are connected to motors and motors are connected to gearboxes and down the line there is the load. And there's a lot of resonance in the loads that we have in our plants. But the drive has the ability to know what those frequencies that cause those vibrations, and it tracks those and it [indiscernible] them out. So the drive is saving you even more mechanical equipment down the line, which is super, super awesome. And lastly, our drives, as Joe mentioned, they have SIP safety. So they have easier alignment with some of our safety features, but also with the world that we're living in, cybersecurity is big. And so our drives also enable security enable your plant secure so that your processes will have to go down. Next slide, please. So to help the migration -- to help ease the migration, we've added -- we've made some documents and migration guide. You see one called the PowerFlex 755 drive, the 755TS. And then we also have the 700S to the 755TS. The [indiscernible] already released. It's on our -- it's on our website already. But the one for the 755, the 755TS is almost released. We're still working on that, working on the dimensions. This will help you with considerations of just checking your compatibility, the specification, the features, the functionality, electrical considerations, teaches about the [indiscernible] for communication between drives. It gives you information about the feedback in the IO options. So this migration guide would be very helpful as you plan to migrate to the new portfolio. And then on my next slide. And this is a tool, it's a PowerFlex migration to that we're currently developing with estimated release in July of this year. So what this tool is, for those of you who use CCW or Studio 5000, what this tool does is if you are using some of our older products, so in PowerFlex 70, 700, 700S. You can take the [indiscernible] file and you can dump it into this tool. And it spits out automatically what those parameters will be for the 755TS drives. And this does it in less than a minute. It actually even gives you an Excel sheet that shows you some of those parameters that were changed so you don't even have to look into CCW, it does that for you and it's give you updates you. And it also lets you know if some of those parameters were not able be converted. But this helps with migration. It makes it easier for our customers to be able to migrate to the new platform. So once again, we are doing all that we can to make migration easier because we, as the manufacturer, we care about our customers. We care that we want their plants to continue to keep running and we're producing new products to help with that. We're producing new products that have better performance. We're producing new products that are drop replaceable. And we're producing products that will be more available in the long run as we continue in this environment. So those are some of the slides, some of the those I wanted to mention as we try to help customers migrate to the PowerFlex 755TS portfolio. And that's all I have. So I'll pass it on to Jesse in our components drive space.

All right. Thank you, Moranu. Thank you, Joe. So again, I'm Jesse Maler, the Business Development Manager for the compact drive business in North America. So I just want to shift and get a little more project-specific here in our discussion. So first, just to kind of level set everybody, right, so our [indiscernible] drives consists of the PowerFlex for family, so the 4M4 4040p and the 400 and then the PowerFlex 520 product family, which is kind of our leading product family that we have available right now in the compact space. And I just want to share to kind of just an overall look at the life cycle statics of our portfolio. So one thing to point out I saw in the call earlier, there were some, I think, 13 -- it was 1336 and one bolt-on and 160 drives that people still had in their plants. It's not the topic of this discussion, but I just want to make sure where those products are discontinued, right, you cannot purchase them new anymore. So I want to make sure nobody is going to get stuck, product fails and you need to replacement and you can't do it, right? So let's be proactive here in your migrations around these [indiscernible], 1305 drives and then also the PowerFlex 440 [indiscernible] to focus on here. So let's talk more about the PowerFlex 4, 40 and 40P migration, right? So from a life cycle standpoint on these products, they're moved to end-of-life status on October 1, 2022, so about 6 months ago. They have a planned discontinuation date of October 1, 2024, so you have about 1.5 years yet to migrate from these products, right? And I want to make sure everybody is clear, too, this is just a panel mount version of these products, right? So there's a plate drive, a flange bound and a 4x version. Those products are still active. The end-of-life status here is just on the Panaman version. And when we say end of life, that means you can still purchase it as a new kind of as you have been in the past. But we have a defined date identified, right, when we're going to discontinue the product and you can no longer purchase it, right? So I want to make sure everybody on the call is awareness and we're proactively planning to move off of these products because we don't want you to be stuck as discontinued and you need a replacement and then you find out you can't get one, right? So a little bit about the migration path for these products, right? So the PowerFlex 4, the suggested migration is to move to the PowerFlex 523 product. And then if you want to kind of optimize the performance a little bit, you can also look at moving to the PowerFlex 525. So that will give you some additional motor control modes. It will give you embedded Ethernet and a hardwired safe charge-off capabilities. And then if you have the PowerFlex 40 or the 40p, we suggest migrating to the 525 for both of those products. And then we also have the PowerFlex 527, which is kind of a network motion drive, but it offers network safety as well. So if that's something you're looking for, you can kind of upgrade to that product. So I just want to touch on a few quick considerations if you're migrating from the 440, 40p to the 520 series, just some things to be aware of, right? So the first item is just the dimensions of the product, right? So the height of the 440P to the 520 is the same, but the width, when comparing the same horsepower rating, is generally smaller, right? So a smaller footprint. So you can easily fit the 520 drive where you previously had a 440P. So easy to migrate from that standpoint. Another key feature of the 520 to point out to is a best-in-class air gap, right? So the 440 40p requires 4.7 inches above and below the drive for airflow. The 520 series only requires 2 inches. So again, you can easily fit that 520 in the location that you previously had a 440p with no issues. And then you can actually -- if you design in a new panel, you can fit more drives in the same panel space, right, with this decreased footprint. And then both these drives are also [indiscernible] mountable. So no issues there. And then if you are mounting these directly, screwing them into a panel or something, I just want to make note, we have an adapter plate available, right? So the screw holes between the two drives are different, right, because the footprint is different -- so we have adapter holes, adapter plates that you can use to fill the size. So you can screw the adapter plate into the old holes and then screw the 520 onto the adapter plate. Saves a little bit of time from having to drill new holes out in the field. So it's a nice tool we have available. And then from a programming standpoint between these two drives, right? So first thing to mention is the software -- the software used on these two products is the same. So [indiscernible] Connected Components Workbench, also known as CCW, or Studio 5000 program both of these products, right? Parameters, so the 520 series is more feature-rich, so more parameters are available. So we try to do our best, where possible. The parameter numbers are as similar as possible. They may not always be the same but kind of your basic parameters, we try to make those similar numbers, right? So it's easy to migrate between the two of them, right, and very similar program and experience. And then some other considerations, just kind of around performance of the products, right? So you're moving to a more modern, more robust product when you move to the 520 series, right? So some things to point out, right? So the first is the temperature rating, right? So the 440 40P, there's really a negative 10 degrees to 50 degrees C. Whereas if you move to the 520 series, on the low end, we go down to negative 20 degrees. And then you can get up to 70-degree rating with the [indiscernible] accessory. Typically, without the [indiscernible], [indiscernible], but you need to go higher, you can use that [indiscernible] to 70. And then also looking at the power in voltage ratings, right, so the PowerFlex four may go from 100 to 480-volt and it only goes up to 5 horsepower. And then the 40 and 40P has a few more options. It goes up to 600 volts and 15-horsepower. But when you migrate to the 520 series, we can go 100 volts to 600 volts, so the full range. And then we also expand the horsepower rating up to 30-horsepower. And then from a communication standpoint, kind of what we mentioned earlier, connecting our drives to the network. So we had some more communication options when you move to the 520 series to maintain the integrated [indiscernible] port. We add embedded Ethernet on the 525 and the 527 product. And then we also recently released a [indiscernible] communication card that's also in addition that was not available in the 440 40P product line. And then from a safety standpoint, right? So the 440 40P don't offer any safety features as standard on the product. But the 520 series, right, offers hardwired safety on the 525 and then network safety on the 527 product line. So a lot of features and performance benefits that you get easily when migrating to the 520 series. So I just want to touch a little bit more in detail and depth on the 520 here. And a couple of features that I want to point out, kind of as Joe shared earlier. And first, just to kind of level set everybody, so the 523, right, is entry-level stand-alone product. It's usually not networked. And then we have the 525 which a mid-range offering and this can be around stand-alone or networked. And this is really where the majority of our customers have gone to, this 525 product. And then we also, like I mentioned, a 527, which is an integrated motion drive. So it needs to be connected to a controller, but it offers some unique features that I'll touch on here. And some of the major benefits here with the 520 product line, a few highlights that I want to touch on that kind of ties back into what Joe shared, right? So there's some communication flexibility, right, different network protocol is available on the 520 series. We also offer machine safety and then there's some sustainability features that I'm going to touch on here. So first just around communication, right? We mentioned that the 523 is a stand-alone drive, but we have optional communication cards that you can add to the drive, right? And so the communication cards are also available with the 525 product. So there's a dual-port Ethernet available, Device Net, ProfiBus and Apprope Net card that we recently released as well. And then the 525 offers built-in Ethernet to Singapore Ethernet. And then if you go to 527, we offer a built-in dual Ethernet port on the products. So really, coming these products to your network, that's how you can drive a lot of value and benefits out of the products, right? So when your products are connected, right, we say you can take advantage of kind of the premier integration with the drives, right? And the premier integration really brings the connected enterprise to life and makes automation and programming your products really simple, right? So it allows a smart devices like the 520 series and our Logix controllers to talk to each other and pull device information to the plant control system all in one single tool using Studio 5000. So using a complete Rockwell solution here, lots for faster, simple design and operational efficiencies that really can reduce maintenance over the life of your product, right? And so Rockwell here, we conducted some studies that show the impact of this premier integration. We found it enables 68% cost reduction and your safety implementation. So a lot less components that you need to implement your safety solution and a lot less wiring. An 82% reduction in downtime costs and then a 46% faster commissioning time, right, all using the premier integration rate when you're connected to a network. And I want to touch on one of those things again, that [indiscernible] mentioned earlier, right? So the 520 series offers automatic device configuration, right? So in the middle of the night, your drive goes down, you can plug in a drive in, the switch will notice the new drive, send an IP address and then the controller will automatically push the drive configuration file. So pretty hands off, and you can easily be up and running using this feature which is where we say really reduce downtime costs. And then the 520 series also, as Joe touched on, safety being important for products -- for customers moving forward, right? So safety is available on the 520 series. So the 525 has a built in hardwired safety. And the 527 is there a choice of built-in hardwire and safety or you can take advantage of a network safety, right? When implementing these safety solutions, right, so really reduces your wiring costs and your installation time. You don't need as many components, right? So it's a nice clean solution to get you up and running quickly. And then I just want to touch on also sustainability and some of the features we have in the 520 series, right? So one thing to mention is a synchronous reluctance motor control mode that we released recently. So if you're not familiar with synchronous reluctance motors, right, so they're kind of a hybrid between induction motors and permanent magnet motors. But they really offer that high efficiency of a permanent magnum motor at a lower maintenance cost, right? So using these motors, you can expect to see significantly improved energy cost, right, at your facility. So we had feedback that customers want to be more sustainable and they wanted this more control mode. So we recently released this on the 520 sort of available on the 525. And then last item I want to touch on here just around efficiency, right? So the 520 series has economizer motor control mode. This is kind of a mode that's not that well known. But really, it drives system efficiency and kind of low torque applications which really can drive some significant reduced energy cost rate. So if you look at the table here, so this is testing the 525 with a Nima motor. On the left is a sensorless vector control. And then on the right is the economizer mode. So you look kind of the low torque applications, so the yellow and the green charts, and then compare it to the chart on the right, you can see a significantly improved system efficiency. In some cases, the efficiencies improved by up to 30%, right. So in those low torque, low-speed applications is economizer mode can really drive a lot of savings. And a good application for this is kind of like a conveyor, right, that's not always fully loaded, just running, right? You could see some significant cost savings with this efficient economizer mode on the 520 series. And then just last to kind of tie everything together here with the 520 series. So we did some studies, right, programming the 520 compared to a typical compact drive. So programming 5 drives, it took almost 15 minutes to do. But compared to a competitive product, it took 27 minutes to program 5 drives, right? So we say it's 46% faster using the 520 series compared to other competitive drives, right? If you look at the whole features and benefits of 520s product, right, in the premier integration, we found a reduction in tuning time of 83%. Like I said, faster time to commission, a 46% savings there. Also significantly reduced time engineering the product like programming units, 26% reduction. And then also much quicker to faster to visualize the product, right? You can use some of our faceplate capabilities and quickly have a visualization solution for our 520 series drive. So just a quick summary. And I want to highlight, we mentioned the 440, 40P are going to be going away in 1.5 years, right, to discontinue date. So make sure you guys are looking at migrating, right? We don't want you to be surprised when it is discontinued and you can no longer get the product. And the 520 series is a great product to migrate to.

All right. Jesse, I think there are a couple of questions in the chat for you. The first question was, can you program the 525 with drive executive?

Joe, do you happen to -- no, I'm not -- I don't believe so, but.

Yes, you can with drive executive. Typically, that will require a upload to get the database since we don't release those databases with drive executive, but it is possible with that drive executive.

Another question. Go ahead, Jason.

Well, yes, I was going to -- I see a question here. Can these drives sit in MCCs? So they do get fit in MCC, the 520 series, right? When you go to the highest frame size in the 520, which I think is an 3, there are -- it's a little too deep, but they can put a bump out on the MCC, right, to make it fit properly.

And then for the PowerFlex 755TS, those drives can be mounted in MCCs. Currently, we have frames 1 through 5 available in the MCCs for ETO offering. So if you are an MCC customer, we can order the 755TS drives in those as well. And then another question I see is, what are the safety options for the PowerFlex 755TS? Joe, do you have an answer to that?

I'm sorry, can you repeat that question?

What are the safety options for the PowerFlex 755TS drives.

Yes, there's a safe torque-off. There's a network [indiscernible] as well. So you do get those safety [indiscernible] that you would see in the 750 drives that have already been released.

And then just another question from [indiscernible]. For the predictive maintenance diagnostics information shown at the beginning with CCW, is that information available to the plc to take action or only to view through CCW? That information actually has been -- we just upgraded our systems and you can actually take them to the PLC directly from the drive. There are objects behind the scene in the drives that allow them to communicate directly. We've added sort of like an ALP in CCW, we've added those to be able to see those in PLCs now. So those are available PLCs. And you can configure those in the studio 5000 as well. With predictive maintenance, you actually have the ability to go in CCW, Studio 5000. You can and based on your environment you're in say for example, you have in a very corrosive environment in CCW, it gives you the ability to modify what your environment is or what your application is, and that adjusts what the life span for your component drives.

Okay. Apologies, I jumped in too early. Moranu, I thought you had finished before. But with that, I believe we can move on to the closing. Don't worry if you did not get your question answered.

I'm sorry [indiscernible] I do have just one last comment. So there was also a question in there about where to find the migration tool. That will be posted on PCDC [indiscernible].com, our Rockwell website that will be found on our product comparability and downward sent. So that will be available in July [indiscernible] but also any firmware or software features that you're looking for, for any of our [indiscernible] products will be found [indiscernible].

Perfect, that was an important one. Great. As we mentioned in the beginning, you will be receiving the recording and presentation through e-mail. Right after the session, you're going to receive a survey. Please feel free to answer that so we can improve our services. And if you want to get in touch with our team in order to talk about specifics of your business or some needs you have, you do have a question for that as well, all you have to do is check the box for I want to be contacted about. We are very happy to have you guys with us here. Thank you very much for that. We hope to see you all in our next webinar.

I see one quick question on yes. Are there any marketing tools for us to send clients to, right? Those are on our website, right, Ab.com. If you look at the specific products, right, there's a lot of different brochures and handles that you can use there to send to customers or send the clients. And a lot of our technical documents are there as well, so good resources. In other words, I think we captured all the questions here coming in.

Okay. Good one. All right, are we good to close now?

Yes, sorry, I think that's all of them.

No worries at all. It's always good to answer those questions that actually are meaningful for the audience, so thank you for that. And again, we will answer your questions if something pops up and we did not talk about that in this live session. So don't worry about that. Well, thank you very much, and have a wonderful day.