ESCO Announces Aclara AMI System Win In Toronto
January 26 2010 - 8:30AM
PR Newswire (US)
ST. LOUIS, Jan. 26 /PRNewswire-FirstCall/ -- ESCO Technologies Inc.
(NYSE: ESE) today announced that the City of Toronto, Canada, has
selected the Aclara RF Systems Inc. STAR® Network for its Advanced
Metering Infrastructure (AMI) water project. Aclara will supply the
STAR system to Toronto under a contract with Neptune Technology
Group Ltd., a part of Roper Industries Inc. (NYSE: ROP), that will
serve as the prime contractor. When fully installed, the
fixed-network technology is expected to read approximately 465,000
water meters. Toronto joins over 100 RF fixed-network AMI water
customers, including cities such as New York, San Francisco, Boston
and Washington, D.C. that employ Aclara's innovative STAR Network
system to enhance operations and improve customer satisfaction. The
system is expected to be deployed over a six-year period beginning
in mid-2010. "Aclara will provide Toronto with the leading-edge
technology it needs to give its citizens access to the critical
information they need to make more responsible use of water," said
Gary Moore, president of Aclara RF Systems Inc. "What's more, our
relationship with Toronto further solidifies Aclara's leadership
role in providing AMI to the water industry. We look forward to
working with the talented people at the City of Toronto to deliver
this valuable technology to service its customers today and into
the future." The STAR Network system delivers robust data
communications on secure, licensed, radio frequencies. The
fixed-network solution efficiently and automatically provides
timely data, empowering utilities to maximize meter functionality
and provide superior customer service. Accurate and timely billing,
high/low consumption reporting, and non-revenue water loss
detection are just a few of the AMR benefits the STAR Network
system can provide - all at a low system cost with manageable
operating expenses. A choice for both large and small utilities,
the Aclara STAR Network has been successfully deployed by companies
ranging from small municipal water systems to large investor-owned
gas utilities. In a consistently changing utility environment,
Aclara and the STAR Network provide a solid foundation on which to
build the metering solutions of today and tomorrow. Forward-Looking
Statements Statements in this press release regarding the size and
timing of the City of Toronto's AMI deployment, and any other
written or oral statements which are not strictly historical are
"forward-looking" statements within the meaning of the safe harbor
provisions of the federal securities laws. Investors are cautioned
that such statements are only predictions and speak only as of the
date of this release, and the Company undertakes no duty to update.
The Company's actual results in the future may differ materially
from those projected in the forward-looking statements due to risks
and uncertainties that exist in the Company's operations and
business environment including, but not limited to: the timing and
content of future purchases of the Company's products by the City
of Toronto; the Company's successful performance of requirements
for the City of Toronto and the Neptune Technology Group Ltd.;
changes in the City of Toronto's demands or financial constraints
impacting the City; technical difficulties; delivery delays or
defaults impacting the Company's contracts; and termination for
convenience of the Company's contract. ESCO, headquartered in St.
Louis, is a proven supplier of special purpose utility solutions
for electric, gas and water utilities, including hardware and
software to support advanced metering applications and fully
automated intelligent instrumentation. In addition, the Company
provides engineered filtration products to the aviation, space and
process markets worldwide and is the industry leader in RF
shielding and EMC test products. Further information regarding ESCO
and its subsidiaries is available on the Company's web site at
http://www.escotechnologies.com/. About Aclara The Aclara brand
represents one of the industry's leading Intelligent
Infrastructure(TM) technologies for providing device networking,
data-value management and customer communications to water, gas and
electric utilities globally. Over 500 utilities in nine countries
rely on proven Aclara solutions to connect with their customers.
Aclara is part of the Utility Solutions Group of ESCO. Further
information is available on Aclara's web site at
http://www.aclara.com/. DATASOURCE: ESCO Technologies Inc. CONTACT:
Patricia K. Moore, Director, Investor Relations of ESCO
Technologies Inc., +1-314-213-7277; or Media, David P. Garino,
+1-314-982-0551, for ESCO Technologies Inc. Web Site:
http://www.escotechnologies.com/ http://www.aclara.com/
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