Badger Meter Joins AT&T Smart City Alliance
June 12 2018 - 11:00AM
Business Wire
Collaboration demonstrates water metering is
key to smart city
Badger Meter, Inc. (NYSE: BMI) today announced it has joined the
AT&T Smart City Alliance. This collaboration will explore
various alternatives to provide cities, large and small and with
diverse needs and priorities, with access to world-class and smart
city water metering solutions. AT&T and Badger Meter are
working together on how AT&T’s extensive, reliable network and
Badger Meter’s industry-leading cellular AMI solutions can join
together to help water utilities benefit from the collective
leadership and experience in the smart water metering solutions of
today and tomorrow.
Badger Meter’s ORION® Cellular endpoints provide increased
deployment flexibility, because no infrastructure is needed. This
results in substantially reduced operating costs. Beyond the water
utility itself, cellular solutions also create flexibility for a
city. By implementing cellular networks, cities are not forced into
a “one size fits all” solution. Cellular networks allow easy and
long-term interoperability between multiple solutions, such as
energy efficient lighting, “smart” waste management and improved
leak detection in water systems.
In January 2016, AT&T introduced its smart cities framework
aimed at helping cities better meet the needs of their citizens
using the Internet of Things (IoT). The framework is supported by
an alliance of key technology leaders and industry organizations,
together collaborating, developing, and ultimately deploying
solutions that could help cities address critical issues like high
energy costs, transportation, aging infrastructure and public
safety.
“Joining the AT&T Smart City Alliance is key to Badger
Meter’s plans to provide smart city water metering solutions for
any utility – large or small,” says Kenneth Bockhorst, president of
Badger Meter. “Our smart water solutions are a revenue generator
for municipalities, making them a strategic component of any smart
city initiative. Our Alliance with AT&T shows that Badger Meter
is ready to deliver on the promise of smart water.”
“Badger Meter is an exciting addition to our Smart Cities
Alliance and will allow us to collaborate and trial Badger Meter’s
solutions to ultimately provide to cities at scale,” said Michael
Zeto, vice president of AT&T IoT, and General Manager of Smart
Cities. “Smart water technology is a vital part of creating a
comprehensive and truly end-to-end smart cities ecosystem that
enables communities to be more efficient, sustainable and safer for
the people that live there.”
For more information about Badger Meter and its line of smart
metering technologies, visit
www.badgermeter.com/utility/solutions/smart-water-metering/
About Badger Meter
Badger Meter is an innovator in flow measurement, control and
communications solutions, serving water utilities, municipalities,
and commercial and industrial customers worldwide. The company’s
products measure water, oil, chemicals, and other fluids, and are
known for accuracy, long-lasting durability and for providing
valuable and timely measurement data. For more information, visit
www.badgermeter.com.
Certain statements contained in this news release, as well as
other information provided from time to time by Badger Meter, Inc.
(the “Company”) or its employees, may contain forward looking
statements that involve risks and uncertainties that could cause
actual results to differ materially from those in the forward
looking statements. The words “anticipate,” “believe,” “estimate,”
“expect,” “think,” “should,” “could” and “objective” or similar
expressions are intended to identify forward looking statements.
All such forward looking statements are based on the Company’s then
current views and assumptions and involve risks and uncertainties.
Some risks and uncertainties that could cause actual results to
differ materially from those expressed or implied in forward
looking statements include those described in Item 1A of the
Company’s Annual Report on Form 10-K for the year ended December
31, 2017 that include, among other things:
- the continued shift in the Company’s
business from lower cost, manually read meters toward more
expensive, value-added automatic meter reading (AMR) systems,
advanced metering infrastructure (AMI) systems and advanced
metering analytics (AMA) systems that offer more comprehensive
solutions to customers’ metering needs;
- the success or failure of newer Company
products;
- changes in competitive pricing and bids
in both the domestic and foreign marketplaces, and particularly in
continued intense price competition on government bid contracts for
lower cost, manually read meters;
- the actions (or lack thereof) of the
Company’s competitors;
- changes in the Company’s relationships
with its alliance partners, primarily its alliance partners that
provide radio solutions, and particularly those that sell products
that do or may compete with the Company’s products;
- changes in the general health of the
United States and foreign economies, including to some extent such
things as the length and severity of global economic downturns,
international or civil conflicts that affect international trade,
the ability of municipal water utility customers to authorize and
finance purchases of the Company’s products, the Company’s ability
to obtain financing, housing starts in the United States, and
overall industrial activity;
- unusual weather, weather patterns or
other natural phenomena, including related economic and other
ancillary effects of any such events;
- economic policy changes, including but
not limited to, trade policy and corporate taxation;
- the timing and impact of government
funding programs that stimulate national and global economies, as
well as the impact of government budget cuts or partial shutdowns
of governmental operations;
- changes in the cost and/or availability
of needed raw materials and parts, such as volatility in the cost
of brass castings as a result of fluctuations in commodity prices,
particularly for copper and scrap metal at the supplier level,
foreign-sourced electronic components as a result of currency
exchange fluctuations and/or lead times, and plastic resin as a
result of changes in petroleum and natural gas prices;
- the Company’s ability to successfully
integrate acquired businesses or products;
- changes in foreign economic conditions,
particularly currency fluctuations in the United States dollar, the
Euro and the Mexican peso;
- the inability to develop
technologically advanced products;
- the failure of the Company’s products
to operate as intended;
- the inability to protect the Company’s
proprietary rights to its products;
- the Company’s expanded role as a prime
contractor for providing complete technology systems to
governmental entities, which brings with it added risks, including
but not limited to, the Company’s responsibility for subcontractor
performance, additional costs and expenses if the Company and its
subcontractors fail to meet the timetable agreed to with the
governmental entity, and the Company’s expanded warranty and
performance obligations;
- disruptions and other damages to
information technology and other networks and operations due to
breaches in data security or any other cybersecurity attack;
- transportation delays or
interruptions;
- violations or alleged violations of the
U.S. Foreign Corrupt Practices Act (FCPA) or other anti-corruption
laws and the Foreign Account Tax Compliance provisions of the
Hiring Incentives to Restore Employment Act (referred to as
FATCA);
- the loss of or disruption in certain
single-source suppliers; and
- changes in laws and regulations,
particularly laws dealing with the content or handling of materials
used in the Company's products.
All of these factors are beyond the Company's control to varying
degrees. Shareholders, potential investors and other readers are
urged to consider these factors carefully in evaluating the forward
looking statements contained in this news release and are cautioned
not to place undue reliance on such forward looking statements. The
forward looking statements made in this document are made only as
of the date of this document and the Company assumes no obligation,
and disclaims any obligation, to update any such forward looking
statements to reflect subsequent events or circumstances.
Badger Meter company news is available24 hours
a day, on-line at: http://www.badgermeter.com.
About AT&T
AT&T Inc. (NYSE:T) helps millions around the globe connect
with leading entertainment, business, mobile and high speed
internet services. We have the nation’s largest and most reliable
network** and the best global coverage of any U.S. wireless
provider. We’re one of the world’s largest providers of pay TV. We
have TV customers in the U.S. and 11 Latin American countries. More
than 3 million companies, from small to large businesses around the
globe, turn to AT&T for our highly secure smart solutions.
AT&T products and services are provided or offered by
subsidiaries and affiliates of AT&T Inc. under the AT&T
brand and not by AT&T Inc. Additional information about
AT&T products and services is available at about.att.com.
Follow our news on Twitter at @ATT, on Facebook at facebook.com/att
and on YouTube at youtube.com/att.
© 2018 AT&T Intellectual Property. All rights reserved.
AT&T, the Globe logo and other marks are trademarks and service
marks of AT&T Intellectual Property and/or AT&T affiliated
companies. All other marks contained herein are the property of
their respective owners.
**Coverage not avail. everywhere. Based on overall coverage in
U.S. licensed/roaming areas. Reliability based on voice and data
performance from independent 3rd party data.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180612006003/en/
Badger Meter, Inc.Fran Fyten, (414) 376-3082
Badger Meter (NYSE:BMI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Badger Meter (NYSE:BMI)
Historical Stock Chart
From Apr 2023 to Apr 2024