Badger Meter to license CellNet technology for water meters.SAN CARLOS San Carlos (săn kär`lōs), residential city (1990 pop. 26,167), San Mateo co., W Calif.; inc. 1925. The chief manufactures are plastic products, hardware, and machine parts. , Calif.--(BUSINESS WIRE)--May 22, 1997--CellNet Data Systems Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CNDS CNDS Center for Networking and Distributed Systems (Johns Hopkins University) CNDS Condensate CNDS Calling Name Delivery Service (Ameritech) CNDS Call Number Delivery System ) announced today that it has signed a technology license with Badger Meter to incorporate CellNet's patented radio technology in their water meter reading technology product lines. As a part of the agreement, CellNet will provide technical assistance to Badger to build CellNet compatible radio technology into their future products. The communication modules produced under this license agreement will transmit consumption data from Badger water meters over CellNet's network. CellNet will deliver this data to its utility customers who, in turn, can use the information for billing, usage studies and analysis of distribution facilities operations. Badger will also join the CellNet Open Licensing Alliance (CNOLA), an organization promoting open standards Specifications for hardware and software that are developed by a standards organization or a consortium involved in supporting a standard. Available to the public for developing compliant products, open standards imply "open systems;" that an existing component in a system can be replaced for endpoint interoperability within the utility metering industry. "Our mission at Badger is to continuously improve and innovate our flow measurement technology. Incorporating CellNet's Network Meter Reading (NMR NMR: see magnetic resonance. ) compatible radio technology into our utility meter product lines will help us to address the rapidly-changing communications needs of the water industry," said Daniel D. Zandron, vice president of marketing for utility products. "CellNet Data Systems' fixed wireless networks offer a new and highly reliable automatic meter reading Automatic meter reading, or AMR, is the technology of automatically collecting data from water meter or energy metering devices (water, gas, electric) and transferring that data to a central database for billing and/or analyzing. technology option to utilities. Our objective will be to provide connectivity to CellNet's networks for the water utility industry. The strong acceptance of CellNet's technology will result in increased sales opportunities for Badger Meter," Zandron added. "Badger is a highly-respected and leading manufacturer of water metering Water metering is the process of measuring water use through water meters. Prevalence Water metering is common for residential and commercial drinking water supply in many countries, as well as for industrial self-supply with water. products," said John "Mick" Seidl, chief executive officer. "This alliance with Badger gives CellNet's NMR technology a strong entree into the water meter market which we intend to aggressively pursue. The total market represents sales of more than five million units annually in the U.S. and about 60 million units worldwide." The Companies CellNet Data Systems Inc., with headquarters in San Carlos, is a leading provider of cost-effective wireless data communication services in the United States with more than 600,000 devices on-line. CellNet's networks enable a wide range of on-line, real-time customer service options and applications for the utility industry and other commercial markets. CellNet employs approximately 550 people worldwide. For more information visit http://www.cellnet.com . Badger Meter is a leading marketer and manufacturer of products using flow measurement and control technology serving industrial and utility markets worldwide. Badger Meter employs approximately 900 people worldwide and had sales of $116 million in 1996. Certain statements contained in this News Release are forward-looking statements and therefore are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual services and applications offered by third parties utilizing the Company's networks may differ and such differences may be material. These statements involve risks and uncertainties, including the dependency of the Company, in certain cases, on third parties to complete the development of and to offer their own proprietary products, services and applications and to implement them commercially utilizing the Company's networks and including other risk factors set forth in the Company's most recent Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the Securities and Exchange Commission. CONTACT: CellNet Data Systems Inc. Alex Tsigdinos, 415/508-6976 |
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