SmartSynch News
SmartSynch Acquires Applied Mesh TechnologiesJackson, MS — November 6, 2008 SmartSynch Inc., an innovative provider of smart grid intelligence solutions for the utility industry, today announced it has completed the acquisition of Applied Mesh Technologies (AppMesh) of Macon, Georgia. Specific terms of the transaction were not disclosed. AppMesh provides leading-edge communications solutions to utilities and their commercial and industrial customers seeking to remotely monitor and control their energy usage to save money and increase operational efficiencies. The company’s proven suite of smart grid-oriented products will enable SmartSynch to extend service to customers on multiple levels, including distribution automation, SCADA, generator/load control, electric distribution monitoring, steam monitoring and PHEV monitoring. Specific products range from a low-cost ‘wireless pipe’ interface enabling utilities to transmit and receive data using any protocol or messaging scheme to a ‘smart car charger’ to be used with electric vehicles, allowing them to only recharge during times when electricity costs are low. Read more about the smart grid applications made possible by AppMesh technology. “AppMesh is one of the fastest-rising and most innovative companies in our market, and they have an experienced leadership team and strong track record with a number of leading North American utilities,” said Stephen Johnston, SmartSynch’s chief executive officer. “We look forward to integrating our open technology platforms and providing an enhanced suite of smart grid products and services to our customers.” AppMesh’s technology platform is complementary to SmartSynch’s as the companies share similar core competencies, understanding and broad architecture. SmartSynch, founded in 2000, pioneered the use of existing public wireless networks to enable utilities to track their customers’ energy usage data and avoid investing capital to build private communications networks. This made it financially feasible for many utilities to help their customers better manage their energy consumption, and reduce CO2 emissions. “We are delighted to be joining the SmartSynch family, particularly during a time of such unprecedented excitement and opportunity for our industry,” said AppMesh co-founder Mark Leach. “Our combined strengths, coupled with our utility industry backgrounds and visionary mindsets, will further entrench us as a lead player in the development of a fully automated, 21st century smart grid.” About SmartSynch Headquartered in Jackson, Miss., SmartSynch has been developing successful Smart Grid Intelligence solutions for the utility industry since 2000. The company’s clean-tech innovations in the two-way delivery of real-time energy usage data over public wireless networks, in lieu of private network build-outs, have to date simplified SmartMeter deployments for 75+ major North American utilities, while enabling green-energy initiatives and delivering significantly higher Returns on Resources. Unlike proprietary, closed-architecture solutions, SmartSynch’s SmartMeters represent future-proof investments in technology. The standards-based IP connectivity enabled in every SmartMeter deployed makes them adaptable and remotely upgradeable to support today’s sensor and communications needs, as well as tomorrow’s opportunities. For more information, contact SmartSynch Media Relations at 601-362-1780, or visit www.smartsynch.com.
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