NEWS RELEASE - 5-4-2006

Energy companies are expecting openness and new benefits from AMR systems

Within a few years, automatic energy meter reading will replace the traditional visits of meter readers and estimated invoicing. The EU’s aim to decontrol the energy market requires more real-time information on customers’ energy consumption. In addition, the needs of energy companies to improve their operations are accelerating the investments in automatic meter reading.

One challenge for energy companies is to find appropriate information systems and energy meters, while at the same time adapting to the changing needs of new processes for automatic meter reading. At the moment, investment decisions are complicated by meter manufacturers' incompatible systems.

The seriousness of the situation became evident through a recent study by Aidon on energy companies’ expectations on automatic energy meter reading systems. It shows that the incompatibility of the systems and the equipment is the main obstacle for the development of automatic meter reading (AMR) systems.

- Our operations are based on openness, ranging from the highest level in the AMR system to the consumption measurement data-collection level. We are committed to creating concrete solutions for compatibility in cooperation with energy companies. Technological solutions are always possible to achieve, when you first know what you want to accomplish,” says Timo Chrons, the Managing Director of Aidon Ltd.

- The development has been the most rapid in Sweden, where energy companies’ need for openness is concretely seen in requests for quotations. We believe that the same development will be broadened also elsewhere.

Aidon’s new AMR meter concept is a practical example of open-thinking. It comprises an energy meter with a plug-in system module connected through a data communications bus based on open standards. The meter can be renewed by simply downloading new applications, new software or replacing the system module. Any of those eliminates the need to change the meter itself.

Aidon Ltd develops and markets equipment, software and services for automatic energy meter reading. The major customers of the company, which operates in Finland, Sweden and Norway, are energy companies. Aidon Ltd, founded in 2004, is owned by corporate management, staff and capital funds.

For further information, please contact Timo Chrons, Managing Director, Aidon Ltd, tel: +358 207 205 880