New company signing on,,,,,,,
SCOTTS VALLEY, Calif. & SUNNYVALE, Calif.--(BUSINESS WIRE) via NewsEdge Corporation -
July 25, 2001-- Metering Technology Corporation (MTC), a leading supplier of low-cost, intelligent, communicating meters, and Echelon Corporation (Nasdaq:ELON), the world leader in networking everyday devices to each other and the Internet, today announced that MTC has integrated Echelon's LONWORKS(R) technology solution into its line of electric meters. Intelligent meters are key components in the end-to-end systems utilities need in order to offer real-time pricing, load curtailment, and other energy-related services to their residential, commercial building and industrial customers. When integrated into systems with other LONWORKS based products for homes and businesses such as smart appliances, thermostats, and lighting systems, and connected to the Internet using any of Echelon's standard connectivity infrastructure products and LNS(TM) software, they enable utilities to offer not only advanced energy management services but also a variety of other value-added monitoring and control services.
"We see a growing demand from utilities and businesses for intelligent, communicating meters that enable them to run their business more efficiently and to offer their customers a range of enhanced energy services," said Peter Larsson, president and CEO of MTC. "We feel that LONWORKS technology has a tremendous opportunity to advance the utility and home networking industries. MTC is interested in providing scalable, value-added solutions to the market and Echelon's platform, including their power line transceivers, is the leading technology solution available today."
The MTC meters will use Echelon's fourth-generation PLT-22 power line transceivers, which communicate across the existing power infrastructure in a home, building or facility using the ANSI/EIA 709.2 power line communications standard. The meters will employ unique MTC technology to provide a reliable and cost-effective metering solution for collecting, storing, and transmitting detailed electrical consumption and system monitoring information. The MTC meters will provide system and equipment sub-metering capabilities such as tariff period recording, automatic system updates and alarm monitoring, two levels of data encryption, data transmission error monitoring, password protection, and installs in electric sub-panels or on power-feeds to specific equipment.
"By combining the technologies from our two companies into its robust, field-proven metering products, MTC is providing a key component for the end-to-end energy management solutions that the market desperately needs," said Bea Yormark, Echelon's vice-president of sales and marketing. "Their new LONWORKS enabled metering products can enable the utility industry and corporate energy managers to create reliable, end-to-end metering solutions and to manage their enterprise-wide energy systems to control and reduce costs, optimize usage, and create new revenue sources. We're very pleased to be working with such a progressive and solutions-oriented company as MTC."
About MTC
MTC was founded in 1997 to provide innovative metering solutions for the revitalized and expanding market for energy measurement solutions. Its proprietary silicon chip technology enables MTC to deliver intelligent, extremely low-cost meters for commercial and residential needs in North America and world markets, as well as metering modules for licensing and resale. For more information on MTC and its metering products, visit the Web site at www.metertech.com.
rrrrrollin'
