RALEIGH, NC - April 14, 2005
Cellnet Technology, Inc. (Cellnet®), in conjunction with AMR project partner Sensus Metering Systems (Sensus) today announced a 15-year contract to supply Water District No. 1 of Johnson County (WaterOne) with network automated meter reading (AMR) services for approximately 12,000 commercial accounts across WaterOne’s service area. WaterOne serves approximately 130,000 residential and commercial accounts in the Kansas City metropolitan area and, based on its service boundaries, is the largest water utility in the state of Kansas.
The fixed wireless radio network system will allow WaterOne to improve its operational efficiency and will reduce labor costs associated with obtaining manual meter reads. It will also provide access to customer water usage information, monthly consumption data, readings for leak detection, on-request reads, and other value-added data.
Cellnet is providing the fixed network and meter reading services while Sensus is providing the water AMR endpoints along with any needed water metrology. WaterOne has been a long time customer of Sensus who last year announced an AMR alliance with Cellnet to develop and provide fixed network automatic meter reading (AMR) solutions to the utility industry. “The alliances that Sensus has made in the AMR industry have always been in the best interests of our utility customers,” says Dave Herchko, V.P. AMR Products & Services with Sensus, “and this is another project that proves that. With WaterOne’s service territory covered by a Cellnet fixed network, the combination of Sensus and Cellnet was the best AMR solution for the utility.”
With the addition of WaterOne to its existing fixed network, Cellnet has again accomplished an industry first, having all three resources being read individually under a single fixed wireless radio network that consists of nearly 700,000 endpoints. These three prestigious utilities are: WaterOne, Kansas Gas Service, and Kansas City Power & Light. “Cellnet has always been on the forefront of unique industry experiences, and we are proud to be standing shoulder to shoulder with WaterOne as we find ourselves there once again,” said Ed Solar, vice president of sales and marketing for Cellnet.
Under the terms of the contract, Cellnet is responsible for managing, integrating, deploying, and providing automated meter reading services to WaterOne. This will include not only the installation of Cellnet compatible AMR radio frequency interface units from Sensus on existing water meters, but also the turn key integration of the data collected via the Cellnet network with WaterOne’s billing and customer information system (CIS).
Cellnet president and CEO, Mike Zito, said, “With long term contracts, our customers are partners in the truest sense of the word, and those partnerships thrives on a common vision of leadership, added value, and customer service. WaterOne definitely shares this vision and we are excited about adding them to our distinguished customer community.
About Cellnet
Cellnet is the leading provider of real-time automated meter reading (AMR) and automation solutions to the utility industry. Based in Atlanta, Georgia, Cellnet supplies gas, water, and electric utilities with highly reliable, field-proven products that enable them to communicate with residential and commercial and industrial (C&I) meters using wireless and IP network communications. The Cellnet InfiNetÔ system combines fixed network AMR technology with wireless mesh technology to bring the most comprehensive offering?merging scalability, flexibility, and cost-effectiveness?available in the market today. Cellnet is dedicated to combining its leading technology and vast industry experience to continue to provide the industry with the most reliable and proven AMR solutions available. For more information, visit the company?s web site at http://www.cellnet.com.
About Sensus Metering Systems
The Sensus Metering Systems companies are leading world-class providers of water, gas, heat and electric meters including comprehensive metering communications system solutions that comprise both automatic meter reading (“AMR”) and advanced metering infrastructure (“AMI”) systems. Additional linked businesses include Smith-Blair, Inc. a leading provider of pipe clamp & coupling products for the water, gas, and industrial markets; and Sensus Precision Die Casting a producer of complex, high quality die castings.
Issued 4/14/2005
All statements in this release, other than historical facts, are made in reliance on the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties and are subject to change at any time. These statements reflect the Company’s current expectations regarding its financial position, revenues, cash flow and other operating results, business strategy, financing plans, forecasted trends related to the markets in which the Company operates, legal proceedings and similar matters. The Company’s expectations expressed or implied in these forward-looking statements may turn out to be incorrect. The Company’s actual results could be materially different from its expectations because of various risks. These risks, some of which are discussed under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K (SEC File No. 333-113658) for the fiscal year ended March 31, 2007 as filed with the Securities and Exchange Commission on May 16, 2007, include its dependence on new product development and intellectual property, and its dependence on independent distributors and third-party contract manufacturers, automotive vehicle production levels and schedules, its substantial financial leverage, debt service and other cash requirements, liquidity constraints and risks related to future growth and expansion. Other important risks that could cause actual events or results to differ from those contained or implied in the forward-looking statements include, without limitation, the Company’s ability to integrate acquired companies, general economic and business conditions, competition, adverse changes in the regulatory or legislative environment in which the Company operates, and other factors beyond the Company’s control.
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