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News Release

Sensus Announces New Chief Financial Officer

Jeffrey Kyle Named Sensus CFO

Sensus announced today that Jeffrey Kyle has joined the Company as its Chief Financial Officer effective December 8, 2008.

Jeffrey brings to Sensus over 20 years of finance and operations experience with leading international electronic companies, including Tandem and Sandisk. Most recently, he was with Power-One, Inc., a global designer and manufacturer of power supplies and energy products, listed on NASDAQ, first as Vice President of Operations and later Chief Financial Officer.

“I am extremely delighted to welcome Jeffrey to Sensus and add him to our team,” said Peter Mainz, Chief Executive Officer and President. “Jeffrey brings broad financial and operational experiences and strong leadership developed from years in the high tech environment. These experiences will be a valuable asset to Sensus and our continued success.”

Jeffrey holds a Bachelor of Science degree in Finance & Accounting from University of Oregon and is a licensed Certified Public Accountant. He will be based at Sensus’ Corporate Headquarters in Raleigh, NC.

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 12/8/2008

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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