RALEIGH, NC - January 12, 2009
Sensus announced that Atmos Energy Corporation has signed an agreement to further expand its deployment of the Sensus FlexNet advanced metering infrastructure (AMI) solution by adding another 55,000 smart meters to its regulated natural gas distribution system.
The additional meters will be installed in several areas throughout Southern Louisiana. This installation adds to successful deployments in New Orleans and Monroe, Louisiana, as well as in McKinney, Texas.
Five thousand of the meters to be deployed will be newly purchased and will be outfitted with SmartPoint transmitters. The remaining 50,000 meters will be retrofitted with SmartPoint transmitters.
Atmos Energy began its FlexNet AMI pilot in 2007 with 75,000 customers, all of whom are currently being billed from AMI data. Atmos Energy is also developing programs to access that data for additional customer-service functions beyond meter reading.
Colin Flannery, Sensus vice president, notes: “As an AMI technology leader, Sensus consistently produces reliable results for intelligence-driven water and electric utilities. Our partnership with Atmos Energy and its leadership brings this valuable AMI solution to the forefront in the natural gas utility industry.”
FlexNet is the utility industry’s most powerful 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, empowering customers to communicate with a complete range of endpoint devices. FlexNet technology reduces cost, mitigates technology risk, enables pricing flexibility and demand response, and improves operation and maintenance efficiency for forward-thinking utilities. FlexNet offers simple, reliable performance that exceeds industry standards, cross-vendor compatibility, system scalability and future-proof operation.
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.
About Clark Public Utilities
Clark Public Utilities is a customer-owned public utility district that provides electric service to more than 182,000 customers throughout Clark County, Washington. The utility also provides water service to about 30,000 homes and businesses.
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.