RALEIGH, NC - January 21, 2008
Sensus Metering Systems of Raleigh, North Carolina and Landis+Gyr of Lafayette, Indiana have entered into an agreement whereby Sensus will develop a FlexNet SmartPoint™ communications module for the Landis+Gyr FOCUS™ AL, AX and S4e meter platforms. The endpoint will be available for purchase mid-year, fully integrated by Landis+Gyr.
“We are excited to begin this partnership with Landis+Gyr and look forward to supplying our customers with additional choices when it comes to their metering platform,” said Doug McCall, Director of AMI Marketing at Sensus. “This initiative continues our strategy of providing the highest interoperability with FlexNet.”
FlexNet is a simple, reliable and flexible RF fixed network utility meter reading AMI (Advanced Metering Infrastructure) system that operates through a primary licensed frequency. This license provides crystal clear transmissions in an uninterrupted, undisturbed path that has up to double the power of competing systems. Only FlexNet customers can be confident in reliable data delivery from a dedicated radio frequency. FlexNet was designed to maximize smart metering technology through its two-way, fixed network AMI solution. “Flexibility within the smart metering market is key. Partnering with Sensus reinforces Landis+Gyr’s commitment to maintain, manufacture, market and deliver state-of-the-art, innovative, high-quality solutions to utility customers,” said Jerry Figurilli Chief Operating Officer for Landis+Gyr. “With our robust meter platforms, the FOCUS and S4e, along with the Sensus technology, we will be able to provide quality, reliability, and flexibility to our utility customers seeking an AMI solution,” he added.
FlexNet enables utilities to communicate with meters in both urban and rural environments to provide increased meter reading efficiency, reduced overhead costs and enhanced customer service. And, FlexNet is scalable to accommodate growth as a utility expands meter deployments throughout its service territory.
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.
About About Landis+Gyr
Landis+Gyr is a leading global provider of precision, commercial and industrial, and residential electric meters, as well as innovative metering systems. Globally, the company employs over 3,000 people, with the North American headquarters in Lafayette, Indiana responsible for marketing throughout the worldwide ANSI markets. The U.S. Company also oversees operations at its Reynosa, Mexico manufacturing facility. Landis+Gyr Inc. is committed to maintaining its leadership position by manufacturing, marketing and delivering state-of-the-art, innovative, high-quality solutions to its customers on time, with value added, and at competitive prices. For more information about Landis+Gyr Inc., please visit the corporate website at www.landisgyr.us.
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.