ConectiSys Releases H-Net 4.0 for Pilot.Business Editors & High-Tech Writers LOS ANGELES--(BUSINESS WIRE)--Nov. 19, 2002 ConectiSys Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CNES CNES Centre National d'Etudes Spatiales (French Space Agency) ) announced today its manufacturing release of the H-Net(TM) 4.0 wireless electrical meter reading system for a pilot at the University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). Irvine (UCI UCI University of California, Irvine UCI Union Cycliste Internationale (International Cycling Union) UCI Unidad de Cuidados Intensivos UCI United Cinemas International (UK) ). The pilot is only one of three that are expected for release and is the stepping-stone to revenue for 2003. The Company expects to deliver its H-Net(TM) product to the Advanced Power and Energy Program at UCI in December. The H-Net(TM) Siemens metering systems will be bench tested at the laboratory for certification, and then installed by Southern California Edison Southern California Edison (or SCE Corp), the largest subsidiary of Edison International (NYSE: EIX), is the primary electricity supply company for much of Southern California. It provides 11 million people with electricity. . ConectiSys has developed a low-cost wireless 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. (AMR) solution for both residential and commercial markets. The product is H-Net(TM) and has been developed by United Telemetry Company, a wholly own subsidiary of ConectiSys Corporation. H-Net(TM) utilizes a proprietary protocol for two-way communications using a wireless, tower-less network. This technology will enable the Company to deliver low-cost wireless networks, which are inexpensive to deploy and operate. UCI is the only University in the country that has been chosen to be the national platform for energy research. The name of their research program is Advanced Power And Energy Program. This institutional environment will furnish a unique and highly visible placement of our wireless products and is the perfect setting for the utility industry and governing agencies to evaluate and become familiar with the H-Net(TM) Siemens metering system. Our deployment at UCI is a three stage program consisting of the following: "Level I Platform: High Supervision Beta Test - APEP APEP Advanced Power and Energy Program (University of California, Irvine) APEP Agricultural Productivity Enhancement Program APEP Afghanistan Primary Education Program APEP Association des Parents d'Enfants Prématurés Laboratory," followed by "Level II Platform: Low Supervision Beta Test - UCI Central Plant (Institutional Environment)" and "Level III Platform: Practical Environment Beta Test - University Research Power Park Living Laboratory." Safe Harbor Statement under 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: The statements contained herein that are not historical are forward-looking statements that are subjects to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control including, but not limited to, market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company filings with the Securities & Exchange Commission. |
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