UtilX(R) Expands into Cable Diagnostic Services, Adding to its Leadership and Expertise in Power Cable Reliability.SEATTLE -- UtilX([R]) Corporation, the global leader in life-extension technologies for power and telecommunication cable, today announces the acquisition of the assets of the CableWise cable condition assessment business from DTE Energy DTE Energy Co. (NYSE: DTE) is a Detroit, Michigan-based utility incorporated in 1995 involved in the development and management of energy-related businesses and services nationwide. Technologies, a non-utility subsidiary of DTE Energy Co. (NYSE NYSE See: New York Stock Exchange :DTE (Data Terminating Equipment) A communications device that is the source or destination of signals on a network. It is typically a terminal or computer. Contrast with DCE.  DTE - Data Terminal Equipment ). "UtilX is the worldwide leader in technologies for cable rejuvenation Rejuvenation Aeson in extreme old age, restored to youth by Medea. [Rom. Myth.: LLEI, I: 322] apples of perpetual youth by tasting the golden apples kept by Idhunn, the gods preserved their youth. [Scand. Myth. and life extension and offers its technologies to customers to dramatically improve their cable system reliability and lower their maintenance costs. The patented CableWise condition assessment technology will be a significant and complimentary addition to our CableCURE([R]) technology and services," said Tom Van Horn, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of UtilX Corporation. "UtilX is a respected leader in reliability solutions for the electric utility industry, and we are excited about joining the UtilX team," said Nagu Srinivas, Managing Director of CableWise. Dr. Srinivas, an IEEE (Institute of Electrical and Electronics Engineers, New York, www.ieee.org) A membership organization that includes engineers, scientists and students in electronics and allied fields. Fellow, will join UtilX as Vice President of Cable Assessment Technology. UtilX will offer the CableWise condition assessment service to utility and industrial customers worldwide along with its existing CableCURE cable rejuvenation services. This combination will allow utilities to identify cable system defects and rejuvenate re·ju·ve·nate tr.v. re·ju·ve·nat·ed, re·ju·ve·nat·ing, re·ju·ve·nates 1. To restore to youthful vigor or appearance; make young again. 2. and repair cables before they fail and create major reliability problems. UtilX, a subsidiary of InfrastruX Group Inc. and Tenaska, is the global leader in life-extension technologies for underground power and telecommunications cables. UtilX offers its proprietary, patented CableCURE([R])injection service and other reliability and testing services throughout the United States and serves international customers through subsidiaries and licensees in dozens of countries on four continents. For more information on UtilX Corporation or CableCURE injection technology, please visit: www.utilx.com or call 1-800-252-0556 in the United States and +1-253-395-0200 from outside the U.S. |
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