Conectisys Introduces Its New President.Business Editors LOS ANGELES--(BUSINESS WIRE)--Sept. 12, 2000 ConectiSys Corp. Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CNES CNES Centre National d'Etudes Spatiales (French Space Agency) ) has appointed Rodney W. Lighthipe as its acting president. Lighthipe brings to the company 28 years' experience in the electric utility and electric energy industries. Lighthipe's utility experience includes 20 years in research and development and new product development spanning careers at both 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. and San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. Gas & Electric. Lighthipe's career also includes extensive consulting assignments with major entities in the energy industry for the commercialization and launch of new products. Lighthipe has recently returned from the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China where he successfully completed a China/U.S. Joint Venture for the production of advanced lead-acid batteries. Lighthipe's appointment will spearhead the delivery of the ConectiSys core product, HNet, to the utilities and electrical providers domestically and abroad. HNet is a new technology developed for the utilities and 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. markets. The company's newly developed network's main components are wireless SmartMeters, Base Stations and Archival Operation Centers. The combined products and services are forming a new modern commercial telecommunications company that will deliver real-time power consumption data four times an hour, 24 hours a day, displayed via the Internet. In a recent staff meeting Lighthipe said: "I believe Robert Spigno, Conectisys' founder, has brought together an outstanding team of technical and business personnel who are now ready to launch this company's technology. The deregulated electric utility market is a prime target for our technology and I am confident that we will have a major impact in this industry as it continues to deregulate deregulate To reduce or eliminate control. One of the major forces in the financial markets in the 1970s and 1980s was the federal government's decision to deregulate interest rates. ." Lighthipe further commented to the staff: "Our technology is a cost-effective solution for real-time, time-of-use metering that will enable rate relief for those electric customers who choose to `flatten' their electric consumption." Lighthipe concluded his remarks to staff by saying, "Our technology is right, the market is right -- now we have to execute." |
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