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News Release

Sensus Metering Systems Announces Solid-state Polyphase Electricity Meter at Spring EEI Transmission, Distribution & Metering Conference

Sensus Metering Systems announces the latest addition to its electricity meter family, the TriCon™ Polyphase Meter, on display now at EEI’s Spring Transmission, Distribution and Metering Conference April 18th – 20th in Charlotte, North Carolina. Also on display is the accompanying configuration software, iConFig™. Since launching the iCon single phase electricity meter in the Spring of 2001, Sensus Metering Systems has continued the development of additional products to support its electricity meter portfolio, including the integration of its own AMR technology, RadioRead, as well as multiple third party AMR technologies.

“The success of the iCon single phase meter has led our customers to ask for a polyphase meter, appropriately named TriCon, based on the same proven technology. We are excited to be able to deliver on that request,” says Arlin Rummel, iCon System Program Director for Sensus Metering Systems. “The TriCon meter was developed following the same blueprint and philosophy as the iCon meter: develop a meter that will take customers into the future with a flexible design that permits easy integration of communication technologies, a published protocol, and additional value added features; while meeting their existing requirements.”

The TriCon meter continues the Sensus strategy of the meter also serving as a communications platform, by employing an open architecture for seamless integration with AMR technology. As with the iCon, customers were an integral part of the development process. Customer site visits, focus groups and interviews were utilized to gather input to ensure Sensus delivered a quality meter to the market.

The TriCon meter complies with ANSI Standard Tables C12.18, C12.19 and C12.21, and will be available this summer in meter forms 8/9S and 15/16S. Among the features included are demand, TOU, mass memory (128k), reactive and apparent energy measurement, power quality, instrumentation recording, KYZ outputs, RS232/485 interface and internal modem. Additional meter forms, functionality and AMR options will follow shortly.

Also being displayed at EEI is the TriCon meter’s supporting configuration software, iConFig™. Again, significant customer input was solicited before and during the development process and incorporated into the software. iConFig incorporates familiar functionality for meter programming with improved methods of creating TOU schedules, meter program creation and network management of the software.

“We had the unique opportunity to develop a polyphase meter from the ground up,” says Norbert Balko, Project Engineer for Sensus Metering Systems. “We essentially started with a clean sheet of paper. Without the burden of a prior platform, we were able to design the meter and the software around the ANSI Standard Tables and the field proven, high accuracy and patented Sentec Ltd. Current Sensing technology. This allowed us to incorporate features that utilities need today along with the flexibility to add features and communications they will need tomorrow.”

About Sentec Ltd Based in Cambridge, UK, Sentec Ltd creates technology ventures — developing innovative core technologies and working with market leading companies to exploit these as products. We are one of the fastest growing technology companies in Europe, recognized in both the Deloitte & Touche Fast 50 and the Sunday Times TechTrack 100.

Sentec’s physics and engineering skills are used in many industry sectors, including consumer products, capital equipment, medical devices and security equipment. Their innovative technologies have also formed the core product for several spin out companies — including Polatis, SmartBead Technologies and Visual Protection — which have between them attracted more than £10 million of funding. For more information on Sentec Ltd, please visit

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 4/19/2004

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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