CNES ConectiSys Strategic Alliance Agreement
Market Wire - November 21, 2006 8:02 AM (EDT)
VALENCIA, CA, Nov 21, 2006 (MARKET WIRE via COMTEX) -- ConectiSys Corporation (OTCBB: CNES), a developer of automatic meter reading technologies, announced today that it has completed an agreement for a Strategic Alliance with Trimark Associates of Folsom, California. Trimark is licensed in California and other states to provide Meter Service Provider (MSP) and Meter Data Management Agent (MDMA) services to commercial, industrial and residential electric customers.
Robert Spigno, the Company's President and CEO, commented that, "This Agreement between the two companies will allow Trimark to provide MDMA and MSP services for ConectiSys. These services will fill a need for ConectiSys and complete the triumvirate of services (meter technology, meter installation and data management and billing) required for ConectiSys to be a full-service AMR provider."
In addition to the MDMA and MSP services, Trimark and ConectiSys, under the guidelines of this alliance, have also agreed to pursue together the following areas of mutual interest:
-- A Joint Marketing effort whereby each company will identify commercial
opportunities for each other's products.
-- Trimark currently builds electric revenue meters for large electric
generation customers in California. ConectiSys and Trimark have agreed to
form a Joint Venture to further develop these meters and their associated
software for deployment throughout the Untied States.
Chairman Spigno further stated, "Trimark's industry related clients are significant and represent a fast track to market. It is anticipated that this relationship will reduce development and marketing costs while offering greater services, which is expected to increase opportunities for both companies."
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein and in the Monthly Report that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to: the level of cost-effectiveness and efficiency of the Company's H-Net(TM) automatic meter reading products or technologies; changes in the Company's policies regarding communications with shareholders and the general public; the success or failure of the Company's marketing efforts and the particular efforts to be employed; the Company's ability or inability to commercialize, sell, license or further develop its H-Net(TM) automatic meter reading products or technologies; and other risks detailed from time to time in the Company's periodic reports and other filings with the Securities and Exchange Commission.
Investor Relations:
Luca S. Spigno
InvestorRelations@ConectiSys.com
(661) 295-6763 ext. 204
SOURCE: ConectiSys Corporation
mailto:InvestorRelations@ConectiSys.com
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