Cooper Industries Announces the Acquisition of Cybectec Inc.New Products Offer Utilities Enterprise-Wide Access to Power System Data with Maximum Return on Investment HOUSTON -- Cooper Industries Cooper Industries NYSE: CBE is one of the oldest large companies in the United States, having been founded in 1833 as a partnership in Mount Vernon, Ohio. Incorporated in Ohio as The C. & G. , Ltd. (NYSE NYSE See: New York Stock Exchange :CBE CBE Commander of the Order of the British Empire (a Brit. title) CBE n abbr (= Companion of (the Order of) the British Empire) → título de nobleza CBE n abbr (= ) today announced the acquisition of Cybectec, Inc., a privately held worldwide provider of products and software systems designed to assist utilities in modernizing their automation systems with revenues of $8.5 million over the past twelve months. Cybectec will become part of the Cooper Power Systems division of Cooper Industries. With this acquisition, Cooper Power Systems expands its ability to provide customers enterprise-wide solutions allowing secure access to both operational and non-operational electrical system data. Financial terms were not disclosed. Cybectec provides solutions that meet utilities' most demanding real-time and reliability requirements in a number of areas, including electrical power substation automation Introduction Need for substation automation See also IEC 61850 IEC 60870-5-103 Intelligent Grid External Links
"The need to expand and update the automation capabilities of utility systems is widely recognized," said Cooper Industries Chairman and Chief Executive Officer Kirk S. Hachigian. "Cybectec expands Cooper Power Systems' capabilities in this area with new products, software solutions, and expertise that will simplify the automation process for our customers. Not only are Cybectec's offerings ideal for new installations, they are particularly well-suited for modernizing and integrating legacy equipment." The acquisition of Cybectec and the recently announced acquisition of Cannon Technologies, Inc. are part of a series of technology investments Cooper has made to broaden its range of energy automation capabilities. Cannon's automation technologies for monitoring, metering and energy management are used by over 400 utilities. "Cooper is committed to providing state-of-the-art products and solutions to the utility industry. Its recent investments in various energy automation technologies were key to our decision to join forces with the company," said Cybectec Co-Founder Yves Racine Yves Racine (born February 7, 1969 in Matane, Quebec) is a retired professional ice hockey player who played for the Detroit Red Wings, Montreal Canadiens, Philadelphia Flyers, San Jose Sharks, Calgary Flames and Tampa Bay Lightning over the course of his National Hockey League . "Since our beginning in 1980, Cybectec has provided its customers with solutions that meet the most demanding real-time and reliability requirements in a number of areas, including electrical power substation automation, integration, communication and instrumentation. Cooper gives us the ability to expand our reach around the world." About Cooper Power Systems Cooper Power Systems, Inc., with revenues of approximately $1 billion, is a subsidiary of Cooper Industries, Ltd. (NYSE:CBE). Cooper Power Systems manufactures distribution transformers, distribution switchgear The term switchgear, used in association with the electric power system, or grid, refers to the combination of electrical disconnects, fuses and/or circuit breakers used to isolate electrical equipment. , reclosers, capacitors, protective relays, voltage regulators, automated switches, cable accessories, surge arrestors, transformer components and dielectric dielectric (dī'ĭlĕk`trĭk), material that does not conduct electricity readily, i.e., an insulator (see insulation). A good dielectric should also have other properties: It must resist breakdown under high voltages; it should not fluids, fuses and tools and it provides engineering services for the electrical and industrial markets. Through its acquisition of Cannon Technologies, Cooper Power Systems also delivers automated distribution solutions utilizing Yukon[R] Advanced Energy Services Platform including automated meter reading/advanced metering infrastructure, demand response, distribution automation and substation integration and monitoring. For more information, go to www.cooperpower.com or call 1-877-CPS-INFO. About Cybectec Privately held Cybectec, Inc. was founded in 1980 to provide technical consulting services and to develop custom hardware and software systems to the utility industry. Cybectec is headquartered in Saint-Jean-Chrysostome, Quebec Saint-Jean-Chrysostome is a district within the City of Lévis in central Quebec, Canada south of Quebec City on the south bank of the Saint Lawrence River. It was a separate town, incorporated in 1828, but in 2002 was amalgamated into Lévis. , Canada. Sales and pre-sales engineering teams are located in Montreal, Canada. Cybectec solutions are implemented worldwide, including some of the largest utilities in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Utilities apply Cybectec products and solutions to provide complete, enterprise-wide access to operational and non-operational substation data in a highly secure environment. For more information, please visit www.cybectec.com. About Cooper Industries Cooper Industries, Ltd. is a global manufacturer with 2006 revenues of $5.2 billion, approximately 85 percent of which are from electrical products. Incorporated in Bermuda with administrative headquarters in Houston, Cooper employs approximately 29,000 people and operates eight divisions: Cooper B-Line, Cooper Bussmann, Cooper Crouse-Hinds, Cooper Lighting, Cooper Menvier, Cooper Power Systems, Cooper Wiring Devices Cooper Wiring Devices is a division of Cooper Industries and provides a wide range of residential, institutional and industrial specification grade electrical devices for consumers and building contractors. External links
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