Replies to post #22373 on Infrax Systems Inc (IFXY)

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INFRAX - ITRON RELATIONSHIP

Infrax Systems Executes Technical Development Agreement With Smart Meter Manufacturer, Itron, Inc. Revolutionary "Under the Glass" Solution to Be Available First for Centron Meters From Itron
-Infrax Systems entered into a Technical Information License Agreement with Itron, Inc, one of the largest smart grid meter manufacturers globally.
-Itron, Inc, https://www.itron.com (ITRI) currently trading at $41.08 per share.
-The SNIC is the latest component announced for Infrax's Secure Intelligent Energy Platform. This next generation universal host interface board is an "under the glass" solution designed for use in any standards-based meter (Electric, Water, Gas). Based on a multiple processor design, the SNIC provides military grade encryption and wireless interface modules for HAN and WAN applications.
-At the conclusion of the qualification testing process, Infrax Systems will have the ability to license the communications module to Itron, as well as sell the product as Itron compliant.
-The License Agreement grants Infrax the right to design their Secure Network Interface Card and communications module for inclusion in Itron Centron meters.

"Infrax selected Itron meters for the initial release of the Secure Network Interface Card due to their dominant position with the utilities we are working with," said Paul J. Aiello, CEO of Infrax. "Upon successful completion of our integration testing with Itron, utilities will have an option to extend the life of their existing AMR meters, and provide secure communications capabilities for both utility and home applications."

"Undoubtedly, one of our nation's most critical infrastructures is the power grid, and as we continue to embrace Smart Grid technologies our power grid becomes more and more vulnerable to cyber attacks and incidents," states Ely Kahn, Infrax Systems Advisor. "Infrax has developed unique technological solutions to secure the Smart Grid, and I believe their approach sets them apart from other Smart Grid solution providers."