RALEIGH, NC - April 5, 2004
Sensus Metering Systems and Hunt Technologies are now in full production of the two-way TS2 power line carrier transceiver integrated with the award-winning iCon solid-state, single-phase residential meter. Orders are being taken for the recently available product, and manufacturing is under way. The TS2 solution offers constant, bi-directional power line carrier communication with all of the endpoints in a utilities’ system, and a flexible, cost-effective method of data collection.
This innovative solution takes full advantage of the iCon meter’s unique design by integrating the TS2 technology on the iCon display board. This eliminated the need for an additional board in the meter, offering customers a seamless product. The marriage of the iCon single-phase residential meter with Hunt Technologies’ TS2 transceiver combines the iCon meter’s superior accuracy with Hunt Technologies’ innovative and cost effective Ultra Narrow Bandwidth power line carrier technology. Through Hunt Technologies’ End Point Information & Control (EPIC®) Solution, each TS2 transceiver uses a unique frequency to enable every endpoint to transmit and receive data continuously.
The iCon meter with TS2 technology enables rapid access to detailed usage and peak demand data, time-of-use outage detection and restoration notification. The TS2 transceiver directly reads the iCon internal register and then performs metrology calculations, adding value to the TS2/iCon integrated solution. In addition, customers have ready access to historical usage and graphical usage profiles using the web browser-based Command Center™ application software.
“Working closely with Sensus during the product integration process was beneficial. It was a great opportunity for both organizations and we look forward to a continued successful relationship,” said Jeff Carkhuff, Hunt Technologies’ Product Life Cycle Manager. “The development cycle went smoothly, in part due to the iCon meter’s two-board design and open architecture. The integration of the TS2 transceiver with a quality, solid-state meter provides a great solution for the marketplace.”
“Our customers have been asking for TS2 compatibility with the iCon meter, and we were delighted to work with Hunt Technologies to deliver the solution in a matter of months,” says Doug McCall, Director, Marketing and Sales for Sensus Metering Systems. “We are pleased to be able to further expand the iCon product line to include a quality PLC solution from Hunt. We recognize the value of the TS2 technology, and look forward to a close and successful partnership.”
About Hunt Technologies Hunt Technologies employs innovative technology to deliver an endpoint information system that increases operational efficiency while optimizing the utility investment dollar. EPIC® — End Point Information & Control — provides utilities with a choice of a one-way Turtle® System, a bi-directional TS2 System, or a combination of the two. This allows utilities the flexibility to deploy the system that best meets their objectives. With more than 450 customers worldwide, Hunt Technologies is a market leader in the industry. To date, 4 million endpoints have been deployed and are actively collecting information to enhance utility performance. For more information on Hunt Technologies, visit www.turtletech.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.
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.