DATAcquisition Receives Major Order for Optical Data Probes.IRVING, Texas--(BUSINESS WIRE)--Nov. 3, 1998--DATAcquisition Technologies, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:DAQT), announced today that it received a major order for its Optical data collection probes from Itron, Inc. (Nasdaq:ITRI ITRI Industrial Technology Research Institute (Taiwan, ROC) ITRI Information Technology Research Institute ITRI Inhalation Toxicology Research Institute ITRI International Tin Research Institute Ltd ITRI Information Technology Reuse Initiative ), a leading global provider of 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 (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. ) services and equipment to the utility industry. The PM 500 Optical probe, a universal data collection device designed for the electric utility market, is used to read data stored within commercial and residential electric meters. By attaching the PM 500 to a handheld or laptop computer, field personnel obtain accurate usage data that is then communicated to the utility billing office. Itron, a leading provider to the utility industry of data acquisition and wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. solutions for collecting, communicating and analyzing electric, gas and water usage, has ordered thousands of the optical probes supplied by DATAcquisition since 1994. The current order is to be shipped this quarter. "We are very pleased that Itron continues to be a cornerstone account within our OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and program," stated Mark Hulsizer, DATAcquisition's Vice President of Sales and Marketing. "Anytime we can provide product or services to a respected leader, as is the case with Itron, our entire sales and marketing program benefits." Itron serves over 1,500 utility customers in more than 40 countries around the world. The Company is headquartered in Spokane, Wash., and has engineering, design, and manufacturing facilities in several U.S. locations and subsidiaries in the United Kingdom, France and Australia. Itron employs approximately 1,200 people worldwide. DATAcquisition currently designs, manufactures, and markets specialized functional and historical data collection devices utilized in a variety of industries. The company produces over 40 versions of its optical and inductive inductive 1. eliciting a reaction within an organism. 2. inductive heating a form of radiofrequency hyperthermia that selectively heats muscle, blood and proteinaceous tissue, sparing fat and air-containing tissues. technologies designed to support most major meters currently in use. Focused on the effective and efficient use of RF technologies combined with custom monitoring devices of functional data, DATAcquisition Technologies, Inc. continues to offer innovative solutions in the world of data collection. "Technology to harness the power of data!" This press release contains forward-looking statements within the meaning 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 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "expect," or "intend to" and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject 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. created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. For information on Itron Inc., visit www.itron.com. For additional information about DATAcquisition Technologies, Inc. products and services, contact Mark Hulsizer at 972/870-9591, fax at 972/644-5635, E-mail at mhulsize@ix.netcom.com or visit www.dataac.com. |
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