RALEIGH, NC - May 20, 2008
More than 10,200 utility customers of Spanish Fork City, Utah, will join thousands of their neighbors in benefitting from the latest in advanced metering infrastructure (AMI) technology.
City officials announced today that, after monitoring a successful pilot of the Sensus system, it is moving to a full deployment of FlexNet. Spanish Fork’s plans call for deployment of the system with 10,000 electric meters and 16,000 water meters in the next two years. Several thousand water and electric meters are already installed and operating.
“Our long-standing trust relationship with Sensus, our analysis of AMI technology options, and the successful performance of the pilot led our city council to a unanimous conclusion in favor of the Sensus FlexNet AMI system” said Guy Chang, Supervisor of Electricity Metering Services for Spanish Fork City.
Spanish Fork is one of North America’s early adopters of automated meter reading, having partnered with Sensus for 14 years by using its TouchRead water meters throughout its service territory. The installed TouchRead system streamlined the transition to the FlexNet AMI solution.
“It has been easy to upgrade to FlexNet for Spanish Fork due to the large population of Sensus TouchRead water meters already in the system”, said Paul Taylor, water meter Supervisor at Spanish Fork City. “The plug and play nature of the TouchCoupler connection allows for easy, waterproof connections, but remains modular in the event of a future meter change.” he added. The ability to read both water and electric services over the same network was an important factor in the city’s decision to deploy FlexNet.
The FlexNet system provides Spanish Fork with two-way communications to Sensus iCon electric meters enabling automated billing, on demand reads and remote connect/disconnect services. The system is also delivering hourly meter readings, leak detection and tamper notification for culinary and pressurized irrigation water meters throughout the city’s 13 square mile service area.
Adds Chang: “The simplicity of the tower based RF solution yields low operations and maintenance costs over the life of the project and supports our requirements for rapid growth with minimal infrastructure. The open systems TCP/IP information system provides immediate compatibility with our existing networking and billing operations. We are big believers in the power of the Sensus licensed-band RF solution which mitigates our future risk over the life of the project.”
“Spanish Fork was a pioneer in automatic meter reading to achieve meter reading efficiency and also enhance customer service. It is not surprising that they are taking the next step into the future with a transition to the optimal AMI solution,” said Doug McCall, Director of AMI Marketing for Sensus Metering Systems. “We were happy to work with Spanish Fork on the pilot to ensure FlexNet provided the solution they were seeking. Clearly, it performed well and we now look forward to the opportunity of serving Spanish Fork for many years to come.”
FlexNet provides the utility industry’s most reliable and flexible two-way AMI fixed network. Utility customers benefit from the dependable, mission-critical performance of a dedicated, primary-use, FCC licensed and protected communications network combined with ANSI compliant metering, IP-based wide area communications, open standards home area networking, advanced smart grid products, and IP-based information systems. Sensus delivers timely and accurate AMI communications through crystal-clear and massively redundant RF data paths with double the RF power of competing systems. This empowers utilities to communicate with a complete range of endpoint devices including smart water, gas and electric meters, intelligent home devices, and distribution automation equipment in any mix of rural and urban terrain. Forward-thinking utilities confidently choose FlexNet to provide a single-technology solution that reduces cost, mitigates technology risk, enables pricing flexibility and demand response, and improves operational efficiency.
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 About Spanish Fork City
With a population of 30,000 residents, Spanish Fork is situated in central Utah, and lies in the south central portion of Utah County. The land slopes gently upward from Utah Lake to the northwest to the southerly end of the Wasatch Mountains in the southeast. The elevations range from about 4500 feet in the northwest to 5200 feet in the far southeast foothills.
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.