CNES - ConectiSys Signs First Contract for Installation of H-Net(TM) Technology Market Wire "US Press Releases "
VALENCIA, CA -- (MARKET WIRE) -- 01/30/07 -- ConectiSys Corporation (OTCBB: CNES), a developer of automatic meter reading technologies, announced today that it has entered into a contract with Trimark Associates, Inc. to install and maintain ConectiSys' proprietary H-Net(TM) wireless electric metering technology in Northern California . ConectiSys estimates that the initial contract has a revenue potential of up to $500,000 .
This commercial effort will involve the installation by ConectiSys of its H-Net(TM) technology for a key irrigation district cooperative. Trimark Associates, Inc. is expected to provide Meter Service Provider and Meter Data Management Agent services for this project.
Robert Spigno, ConectiSys Founder and Chairman, said today, "This is a milestone event for ConectiSys. We expect this contract to be the first in a series of contracts for H-Net(TM) technology installations throughout California ."
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
The statements contained herein 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: ConectiSys' ability to generate any revenue and collect any fees associated with the Trimark Associates, Inc. project; ConectiSys' ability to successfully provide services to Trimark Associates, Inc. and install and operate the H-Net(TM) technology; ConectiSys' ability to secure additional clients and contracts to install and operate its H-Net(TM) technology throughout California ; ConectiSys' ability to secure additional funding, or its inability to secure additional funding except on relatively disadvantageous terms, to support day-to-day operations and expected growth; ConectiSys' ability to commercialize, further develop or generate revenues from its H-Net(TM) automatic meter reading products or technologies; and other risks detailed from time to time in ConectiSys' periodic reports and other filings with the Securities and Exchange Commission , including its most recent Annual Report on Form 10-KSB filed with the Securities and Exchange Commission on January 16, 2007 .
Investor Relations:
Luca S. Spigno
(661) 295-6763 Ext 204
InvestorRelations@ConectiSys.com
Website: www.conectisys.com
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