Cellnet and Comverge Announce Strategic Alliance
Long Beach, CA, September 19, 2005: At the AMRA Autovation conference in Long Beach today, Cellnet Technology, Inc. (Cellnet®) and Comverge, Inc. announced that they have formed a strategic alliance to provide additional options to utilities seeking to implement AMI solutions. Comverge is the market leader in automated demand response and energy intelligence and Cellnet is the leading provider of real-time fixed network solutions to the utility industry.
Under the agreement, Cellnet will integrate and resell Comverge's solutions for smart thermostats, load control, and submetering, and Comverge will in turn deploy solutions that use the Cellnet mesh network radio technology. The companies are working collaboratively on R&D projects to bring the first components of a combined solution to the utility market.
Mike Zito, Cellnet president and CEO remarked, "The Energy Policy Act of 2005 gave the utility market a clear mandate to act on the full spectrum of opportunities available from the deployment and expansion of automated metering infrastructures. Together, Cellnet and Comverge will deliver an increased return on network assets to utilities while helping them improve service quality and reduce operating costs."
Section 1252 of The Energy Policy Act of 2005, signed into law by President Bush on August 9th 2005, includes provisions that require state public utility commissions and individual utilities to rapidly investigate the deployment of ‘smart metering' technology to support time of use rates, demand response and price signaling programs to all customer types. Comverge and Cellnet are working in partnership to ensure that reliable, real-time solutions are available to support utility AMR, load management and demand response programs for commercial & industrial and residential customers alike.
"Integrating our two technologies will offer utilities a compelling business case for implementing full-scale AMI and Demand Response systems over a fixed network," said Robert M. Chiste, Comverge Chairman and CEO. "Fixed networks make good sense for many utilities, and Comverge is excited to partner with the industry leader in deploying these solutions. We are confident that this partnership with Cellnet will enable both companies to generate significant value by enhancing both companies product offerings and providing utilities more options in deploying truly end-to-end energy intelligence solutions."
As leaders in their respective markets, Cellnet and Comverge collectively serve over 500 energy industry customers and have deployed over 16 million devices.
About Cellnet, Inc.
Cellnet is the leading provider of real-time automated meter reading (AMR) and automation solutions to the utility industry. Based in Atlanta, Georgia, Cellnet supplies gas, water, and electric utilities with highly reliable, field-proven products that enable them to communicate with residential and commercial and industrial (C&I) meters using wireless and IP network communications. The Cellnet InfiNet® system combines fixed network AMR technology with wireless mesh technology to bring the most comprehensive offering—merging scalability, flexibility, and cost-effectiveness—available in the market today. Cellnet is dedicated to combining its leading technology and vast industry experience to continue to provide the industry with the most reliable and proven AMR solutions available. For more information visit www.cellnet.com.
About Comverge, Inc.
Comverge, Inc., The Power in Power TechnologyTM, is a leading energy intelligence company recently recognized as one of Red Herring's Top 100 Private Companies in North America for 2005. Comverge's investors include Nth Power, EnerTech Capital, Data Systems & Software, Inc. (OTCBB: DSSI), E.ON
Venture Partners GmbH (NYSE: EON), Ridgewood Capital, Easton Hunt Capital Partners, L.P., Norsk
Hydro Technology Ventures (NYSE: NHY), Rockport Capital Partners, and Shell Internet Ventures, an
affiliate of the Royal Dutch/Shell Group of Companies (NYSE: RD). Comverge is represented across the
world with offices and research facilities in Atlanta, Georgia; East Hanover, NJ; Newark, California;
Pensacola, Florida; and Tel Aviv, Israel. Providing software and system solutions to over 500 clients in the
electric utility industry, Comverge implements both integrated and outsourced solution based models for
remote meter reading, distributed generation monitoring, and time-of-use billing and demand response,
and direct or voluntary load control initiatives. For more information visit www.comverge.com.