Infrax Systems Executes Technical Development Agreement With Smart Meter Manufacturer, Itron, Inc.
November 23 2010 - 8:00AM
Marketwired
Infrax Systems, Inc., (OTCBB: IFXY), a global provider of unified
Smart Grid-related products and services for the Energy and Utility
industries, announced today that it has entered into a Technical
Information License Agreement with Itron, Inc, one of the largest
smart grid meter manufacturers globally. At the conclusion of the
qualification testing process, Infrax will have the ability to
license the communications module to Itron, as well as sell the
product as Itron compliant.
"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."
The License Agreement grants Infrax the right to design their
Secure Network Interface Card and communications module for
inclusion in Itron Centron meters. Itron has also provided Infrax
with development tools and technical documentation to aid in this
development.
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.
About Infrax Systems
Infrax Systems offers a series of interrelated operational
management, communications, and grid security related products and
services known as Secure Intelligent Energy Platform (SIEP). Our
products enable a comprehensive and unified solution for
communications and applications management of the Smart Grid. SIEP™
incorporates a wide array of communications, security, device and
data management tools for Smart Grid applications such as advanced
metering solutions and grid optimization. SIEP platform creates a
unified solution to securely manage Advanced Metering
Infrastructure (AMI) and distribution automation. Infrax's secure
smart grid platform incorporates a communications transport and
management system, (Grid Mesh™), device and data security
management, and ultimately secures intelligent endpoint devices
(SIED). The secure management of the "last mile" backhaul will be
necessary for utilities to implement Smart Grid applications
including AMI, real-time pricing, Demand Side Management (DSM),
Distribution Monitoring and Automation. When combined, these
applications can offer economic, operational and environmental
benefits for utilities, and ultimately the utility's customers.
For INFRAX Systems information, contact Investors@Infraxinc.com
or visit www.infraxinc.com.
Forward-Looking Statements
This press release may contain forward-looking statements
covered within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements relate to,
among other things, plans and timing for the introduction or
enhancement of our services and products, statements about future
market conditions, supply and demand conditions, and other
expectations, intentions and plans contained in this press release
that are not historical fact and involve risks and uncertainties.
Our expectations regarding future revenues depend upon our ability
to develop and supply products and services that we may not produce
today and that meet defined specifications. When used in this press
release, the words "plan," "expect," "believe," and similar
expressions generally identify forward-looking statements. These
statements reflect our current expectations. They are subject to a
number of risks and uncertainties, including, but not limited to,
changes in technology and changes in pervasive markets.
Media Contact: Infrax Systems, Inc. investors@infraxinc.com
727-498-8514