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News Release

Sensus Names Lou D’Ambrosio as Chairman of the Board

Sensus, a leading provider of clean-technology solutions, announced today that Lou D’Ambrosio has been named Chairman of the Board of Directors, succeeding Jonathan “Jeb” Boucher, Managing Partner of The Jordan Company. D’Ambrosio will lead the overall strategy and direction of the company, working closely with management and the Board. Boucher will remain on the Board.

“Lou has been an invaluable Board member over the past three years. His leadership, strategic savvy and customer focus will serve Sensus very well,” said Boucher. “We are delighted Lou has agreed to assume the role of Chairman and will be an integral part of our company going forward.”

Commenting on the appointment, D’Ambrosio, said, “I am excited to become more deeply engaged with Sensus and the team. Sensus is a true leader in smart grid and clean technology solutions across electric, water and gas—yielding cost savings and environmental benefits to utilities and their customers.”

Lou D’Ambrosio served as CEO of two Fortune 500 companies, Sears Holdings and Avaya, Inc. He also spent 16 years at IBM in various domestic and international executive roles and was a member of its Worldwide Management Committee.

About Sensus

Sensus is a leading clean technology solutions company offering smart meters, communication systems, software and services for the electric, gas, and water industries. Sensus technology helps utilities drive operational efficiency and customer engagement with applications that include advanced meter reading, data acquisition, demand response, distribution automation, home area networking and outdoor lighting control. Customers worldwide trust the innovation, quality and reliability of Sensus solutions for the intelligent use and conservation of energy and water.

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