Olameter Acquires MeterSmart's Meter Data Management Division



    MONTREAL, Oct. 10 /CNW/ - Olameter Inc. today announced that it has
acquired the Meter Data Management division of MeterSmart L.P. The terms of
the deal between these two private companies were not disclosed.
    As a result of this acquisition, Olameter has expanded their suite of
solutions to become a leading supplier of professional and reliable advanced
meter reading and energy services to the utility industry. Olameter continues
to provide an array of utility-focused IT solutions, consulting, field
services, and meter shop services, but will now add meter data management,
verification, estimation, and editing (VEE), and settlement services to their
service portfolio.
    MeterSmart will remain in operation to provide services surrounding their
advanced customer program management platform, Encentra.
    To ensure a comprehensive and seamless service transition, Olameter has
acquired all associated MeterSmart resources and retained existing employees.
Olameter has established its US corporate headquarters in Arlington, Texas,
including a complete data center. This acquisition will strengthen Olameter's
North American market position to include over 100 clients within 36 US
States, four Canadian Provinces, and Mexico.
    "The products and services that MeterSmart provided were well known and
respected throughout the market," commented Jan Peeters, Olameter's CEO.
"Given the relationship to Olameter's existing core competencies, we are
certain of our position to provide these clients with quality service, and
that this acquisition will allow us to expand our offerings to meet a wider
array of industry requirements."
    John Feltis, Olameter's Vice President of Business Development and Meter
Services added, "This acquisition not only enhances our portfolio, but aligns
with our corporate objective of expansion across North America. We are also
fortunate to be able to retain existing staff and their years of industry
experience and client relationships."

    About Olameter

    As a leading independent meter service company, Olameter offers a full
range of telemetry and back-office systems for electric, gas, and water
utilities and retailers. In addition to the above-mentioned service additions,
Olameter provides AMI system monitoring & integration (via their inView
application), ASP data collection, workforce management (via their onService
application), consumer web-presentment, integration consulting, ASP
billing/CIS applications, call centre and back-office operations support,
meter reading and field services (including meter installations), and meter
service and sales. Olameter solutions are designed to maximize business
returns through a proven implementation model that minimizes impact on the
client, and assists in achieving deliverables such as improved cash flow,
reduced costs, and enhanced customer loyalty.





For further information:

For further information: Sarah Rawlings, Manager - Inside Sales,
Marketing, and Communications, Phone: (905) 726-5464, Email:
srawlings@olameter.com

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OLAMETER INC.

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