RALEIGH, NC - November 11, 2008
Sensus FlexNet users, at their annual Users Conference in Las Vegas, Nevada, completed the formation of the Sensus FlexNet Users’ Group and the election of its leadership team and formation of subcommittees focused on particular areas of interest. Joel Westvold of Portland General Electric (PGE) was elected the first chairman for the group.
The group is open to all utilities, water, gas and electric, using Sensus Advanced Metering Infrastructure (AMI) FlexNet solution.
“The goals of the group are to provide a forum for utility users of Sensus AMI solutions to exchange best practices and provide feedback to assist Sensus in continuing and furthering its leadership role in the industry,” said Westvold, director of AMI at PGE.
As the FlexNet Users Group solidifies and matures through their regular Web-based exchanges and national meetings, they will communicate through a concerted voice to guide Smart Power Grid and Intelligent Metering Solutions development. This dialogue will benefit every utility customer through increasing the efficiency of energy delivery and new tools to encourage wise and earth-friendly use of utility resources.
FlexNet is the utility industry’s most powerful, broadly fielded AMI solution that provides customers with the technology to achieve unmatched results in range, redundancy, resiliency, recovery and reliability. Only FlexNet has primary-use, FCC licensed spectrum, supplying uncluttered transmissions for water, gas and electric utilities in both rural and urban areas, regardless of terrain. FlexNet fits seamlessly into a utility’s operational and customer service strategic plan, enabling communication with a complete range of endpoint devices providing a highly secured platform for the Smart Grid. FlexNet technology reduces cost, mitigates technology risk, enables pricing flexibility and demand response, and improves operation and maintenance efficiency for forward-thinking utilities. The FlexNet solution is totally upgradeable; from the endpoint firmware through the rack based collector and the network interface, protecting the total infrastructure investment from obsolescence for years to come. The Sensus FlexNet solution helps utilities improve their customers experience, reduce their carbon footprint and protect their capital investment.
About FlexNet Users Group
The Sensus User Group was established by FlexNet users in 2008 to promote best practices and the exchange of ideas. Because Sensus believes that communication is key to success, a web site is provided by Sensus to facilitate this communication. Users, through this web based forum, exchange ideas, solve problems, and maintain a conduit for information with Sensus. The web site is www.myflexnetsystem.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.