SmartSynch News
SmartSynch Awarded Historic Contract with Hydro OneMississippi-based technology company to deploy 25,000 smart meters in the largest rollout of its kind in North America Jackson, MS — April 25, 2005 SmartSynch, a global leader in wireless smart metering technology, has won a historic contract to provide Hydro One of Canada with 25,000 “smart meters” to electric utility customers throughout the Ontario province this summer. Hydro One will use this project, the largest of its kind in the world, to evaluate SmartSynch technology for mass deployment to all of its end-customers. Hydro One, located in Toronto, owns and operates a high-voltage network that delivers electricity to large industrial customers and municipal utilities while serving about 1.2 million end customers. Hydro One plans to deploy an additional 75,000 smart meters by the end of this year. Stephen Johnston, CEO of Mississippi-based SmartSynch, said the agreement is a milestone for the company, as it was selected over numerous international competitors. The deal will increase the market share of SmartSynch, already the largest provider of Commercial and Industrial smart metering in North America. “As part of our first foray into the residential market, we were able to offer Hydro One the robust functionality previously available only to the higher cost commercial and industrial market,” Johnston said. “This pilot project alone could lead to the deployment of 1.2 million SmartSynch smart meters at Hydro One.” SmartSynch is partnering with Rogers Wireless, Canada’s largest telecommunications company, to provide the network connectivity for the project. Rogers operates Canada's largest integrated wireless voice and data network, providing advanced voice and wireless data solutions to customers from coast to coast on its GSM/GPRS network, the world standard for wireless communications technology. Rogers has over 5.5 million customers, and has offices in Canadian cities across the country. SmartSynch, located in Jackson, is the leading provider of two-way wireless smart meters throughout North America having sold almost 85,000 Smart Meters to 33 major utilities. SmartSynch’s core product, the SmartMeter SystemTM facilitates real-time acquisition of critical usage and rate data from electricity meters via public wireless networks and the Internet. During the last 5 years, SmartSynch has deployed more poly-phase meters with embedded wireless communications than all other companies combined with over 25,000 Megawatts and over $9 billion of annual revenue serviced by SmartSynch technology. “The introduction of SmartSynch’s two-way wireless technology to the residential sector has completely changed the market dynamics associated with mass deployment of smart metering technology,” said Johnston. “More and more government entities are beginning to understand how smart metering can reduce energy costs and create a culture of conservation. Our company has long been an innovative pioneer in the commercial and industrial smart metering sector and we are truly gratified that our technology can now positively impact the average citizen.”
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