Canada’s FortisBC Energy Selects Xylem for Advanced Gas Network
May 12 2021 - 10:25AM
Business Wire
One million Sonix IQ meters to help increase
safety and reliability in 20-year technology and services
agreement
Xylem Inc. (NYSE: XYL), a leading global water and resource
management technology company, is working with FortisBC Energy Inc.
in British Columbia to deploy a Sensus advanced gas meter network.
FortisBC serves more than one million natural gas customers across
135 communities in Canada’s westernmost province.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210512005432/en/
Canada’s FortisBC Energy selects Xylem
for Advanced Gas Network. One million Sonix IQ meters to help
increase safety and reliability in 20-year technology and services
agreement. (Photo: Business Wire)
Through its Advanced Gas Meters project, FortisBC will address
the need to modernize its metering infrastructure and enhance the
resilience of its gas system. Pending regulatory approval, the
project will provide the ability to better monitor and manage its
system, and offer additional safety features.
FortisBC plans to deploy the Sensus FlexNet® communication
network and approximately one million Sonix IQTM ultrasonic,
residential gas meters. The FlexNet system will provide the utility
secure, reliable, near real-time customer usage data from advanced
meters and sensors over an encrypted wireless network. The Sonix IQ
goes beyond precise, ultrasonic measurement to include
smart-sensing safety features such as:
- remote shutoff
- continuous health checks on pressure and temperature
- theft and tamper detection
“FortisBC exemplifies an innovative utility widening its view of
what’s possible from advanced metering technology. They’re making
their system smarter, safer and more sustainable while empowering
their customers to better understand and track energy usage,” said
Colin Sabol, senior vice president and president, Xylem Measurement
& Control Solutions. “We’re proud to help FortisBC with this
important work.”
The 20-year agreement includes Managed Services and Software as
a Service (SaaS) solutions, which allows Xylem to maintain and
perform upgrades so the utility can focus on what it does best:
providing safe, reliable energy.
Subject to regulatory approval and other conditions precedent,
meter deployment should begin in 2023.
Learn more about advanced gas meter technology in this
video.
About Xylem
Xylem (XYL) is a leading global water technology company
committed to solving critical water and infrastructure challenges
with innovation. Our more than 16,000 diverse employees delivered
revenue of $4.88 billion in 2020. We are creating a more
sustainable world by enabling our customers to optimize water and
resource management, and helping communities in more than 150
countries become water-secure. Join us at www.xylem.com
About Sensus
Sensus, a Xylem brand, provides remotely-managed products and
solutions that deliver the right data at the right time for
investor-owned utilities, cooperatives and municipalities. As part
of Xylem’s digital portfolio, our smart devices connect with a
variety of communication technologies to help customers make timely
decisions that optimize electric, gas and water systems. Learn more
at sensus.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210512005432/en/
Media Houston Spencer, +1 (914) 240-3046
Houston.Spencer@xylem.com
Xylem (NYSE:XYL)
Historical Stock Chart
From Feb 2024 to Mar 2024
Xylem (NYSE:XYL)
Historical Stock Chart
From Mar 2023 to Mar 2024