NEWS RELEASE - 03-04-2008

Aidon and Tritech offer new joint solution for automatic reading of electricity meters

Aidon and Tritech Technology AB, the Swedish company which specializes in wireless systems, have signed an agreement, which means that Aidon and Tritech, during a 24-month period, will supply at least 100,000 units of the communication solution MeshNet to principally Nordic energy companies.

Aidon's meter in combination with Tritech's communication solution represent a new generation of electricity meters, which through its flexible and modular structure provides the customers with a product with favourable life cycle costs.

The Swedish Parliamentary decision in 2003 that all electricity consuming customers, in 2009 at the latest, will pay for their actual electricity consumption raises new demands on the energy companies' reading of meters. Consequently, the possibilities of remote reading have become more interesting for the energy companies.

Aidon and Tritech now offer energy companies in the Nordic countries a new generation of technological solution for automatic reading of electricity meters. A simple and open product concept that through its flexibility practically can handle all sorts of installations, which is something few competitors can compete with.

- Aidon and Tritech share the same way of thinking, as we work with open system solutions and product development which are based on standards, says Nils Rex, Country Manager, Aidon Sweden. This enables for the communication solution to be adapted to most environments. The infrastructure is created at the same time as the installation of Aidon's meter, an energy meter with integrated communication. No external communication equipment is required.

Tritechs' Mesh based radio solution MeshNET differs in several ways from other communication platforms on the market. Several small, low-power radio transmitters co-operate to transport data from electricity meters to a central collection point based on mesh networking. The result is a robust data collection network which is easy to install and maintain. The solution is already in use at Fortum and E.ON.

- A key argument for our solution is the low life cycle cost, says Thomas Jonsson, Manager MeshNET. The simplicity, openness and flexibility put together mean that our solution can offer a total cost for purchase, installation and maintenance that is less than half of what any of the other solutions on the market can offer.

About Tritech Technology AB

Tritech is involved in the development, administration and production of wireless products. This involvement is both for product owning companies on north European markets and also for in-house communication platforms that package Tritech's cutting edge expertise. TriBee (based on ZigBee) and MeshNet (based on Mesh) are just two of the company's technologically advanced products.

Tritech was founded in 1991 and now has a turnover of around SEK 160 million. The company has some 150 employees in its offices in Stockholm, Linköping, Västerås and Örebro. www.tritech.se