RALEIGH, NC - January 26, 2007
Sensus Metering Systems announced today that Colin Flannery will assume the position of Vice President (V.P.) and General Counsel effective March 31, 2007 replacing a retiring Jim Spool.
Colin joins Sensus from Atos Origin in Paris, France where he was V.P. of Legal. Prior to Atos Origin, he spent five years with various Schlumberger businesses, including its electricity metering and AMR unit, where he gained experience in the North America utility industry. He also practiced corporate law in Brisbane, Australia and Atlanta, GA.
“We are very excited and fortunate to secure Colin, who has the background in the metering systems markets that we participate in,” says Dan Harness, CEO and President of Sensus Metering Systems. “His utility market experience will enable us to make a smooth and quick transition with this key position in our company.”
Colin holds a Bachelor of Law degree from Queensland University of Technology in Brisbane, Australia and a Juris Doctor from Georgia State University in Atlanta. He will be based at Sensus Metering Systems 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.
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.