12/11/2003 - Echelon Corporation (NASDAQ: ELON) announced that EDMI Limited (SGX:EDMI) has entered into an agreement to become a Value-Added Reseller (VAR) of Echelon's Networked Energy Services (NES) intelligent electricity metering system. Headquartered in Singapore with research and development operations in Australia, EDMI provides electronic revenue meters to utilities in markets in Australia, Asian, ASEAN, the Middle East, and Europe. Echelon's NES system provides an open, bidirectional, and extensible infrastructure that enables a comprehensive range of utility applications that can bring benefits to every aspect of a utility's operation, from metering, to customer services, to distribution operations, to value-added services.
"We believe that as the utility industry continues to undergo deregulation worldwide, and in the light of heightened market competition and technological advancements, there is an increasing demand for electronic metering systems with more advanced features," said Mr. Lee Kwang Mong , EDMI's managing director. "Echelon's NES system provides us the reliable, cost-effective meter-to-operations center infrastructure needed for us to capitalize on this extremely large, global growth opportunity. By building our new offerings on the NES system, we can extend our business well beyond microprocessor-based electronic revenue meters and offer our utility customers a richer and more cost-effective system that enables them to realize significant cost savings, efficiency gains, and revenue enhancements."
"We believe that EDMI's experience in deploying electronic meters in many countries, their strong relationships with utilities, and their expertise in the nuances of regional regulatory compliance position them to be become a leading supplier of NES based solutions to utilities not only in Australia and Asia, but in a rapidly growing worldwide market for intelligent metering systems," said Mr. Ken Oshman, Echelon's chairman and CEO. "We are very pleased to have EDMI join the NES VAR program and to their commitment to bring utilities standards-based intelligent metering solutions built on the NES system."
The NES VAR program is designed to establish Echelon's NES system as a global standard for intelligent metering systems by enabling companies that provide products and services to the utility industry to adopt and adapt the NES infrastructure as the basis for their end-to-end metering solutions sold under the NES Powered by EchelonTM branding program. It creates an opportunity for companies to offer high-value project management and installation services, software applications, new services such as outsourced meter reading, and meters customized for local market needs óbuilt upon a highly reliable, highly functional network infrastructure consisting of enterprise software based on the Echelon's PanoramixTM enterprise software platform, powerful IP connected data concentrators, and a family of intelligent, communicating electricity meter boards that can be built into customized meters by the VAR.
EDMI designs, manufactures and sells electronic revenue meters for use principally by utility companies involved in the generation, distribution and supply of electricity. I ncorporated under the name "EDMI (Asia) Pte Ltd" in 1997 , the company was renamed EDMI Limited in 2003 when it became a public company traded on the Singapore Stock Exchange (SGX:EDMI).
EDMI's has manufacturing and engineering operation located in Singapore with research and developments operations based in Australia. EDMI's meters are exported to more than 14 countries located in Asia, the Association of Southeast Asian Nations (ASEAN), Australasia, the Middle East, and Europe . EDMI's wholly owned subsidiaries in Australia and Malaysia serve as localized regional service support centers. More information about EDMI can be found at http://www.edmi-meters.com.
Echelon Corporation (NASDAQ: ELON) is the creator of the LonWorks platform, the world's most widely used standard for connecting everyday devices such as appliances, thermostats, air conditioners, electric meters, and lighting systems to each other and to the Internet. Echelon's hardware and software products enable manufacturers and integrators to create smart devices and systems that lower cost, increase convenience, improve service, and enhance productivity, quality, and safety. Thousands of companies have developed and installed LonWorks products and more than 30 million LonWorks enabled processors have been shipped for use in homes, buildings, factories, trains, utilities and other systems worldwide. Further information regarding Echelon can be found at http://www.echelon.com.
Echelon, LonWorks, and the Echelon logo are trademarks of Echelon Corporation registered in the United States and other countries. Panoramix and NES Powered by Echelon are trademarks of Echelon Corporation in the US and other countries.
Previous Page | News by Category | News Search
If you found this page useful, bookmark and share it on: