Nighthawk Systems Signs Agreement with Itron
2008-11-12 13:30:02 -
www.nighthawksystems.com - Nighthawk Systems, Inc. (OTCBB: NIHK) ("Nighthawk"), a leading provider of wireless and IP-based control devices and solutions, announced today that it has signed an agreement with Itron, Inc. (NASDAQ: ITRI) under which Nighthawk has granted Itron a nonexclusive right to promote, market and sell Nighthawk wireless power control products to its utility customers.
Nighthawk's wireless, whole house disconnect technology will complement Itron's proven automated meter reading (AMR) data collection suite, ChoiceConnect(TM), providing electric utilities with two-way communications capability to their customer's meter. The utility will be able to connect, disconnect, or limit power to customers based on meter readings without rolling a truck and sending field personnel to the customer's location. Nighthawk's one-way CEO700 and two-way CEO800 series of disconnect units will enable the Itron team to tailor the best solution for their customers. Nighthawk's collar-based solutions fit directly behind the Itron-equipped meter allowing for virtually seamless integration of a remote disconnect solution for either existing or new customers.
Itron provides a uniquely comprehensive portfolio of products and services to utilities in over 130 countries. Itron is the market share leader in the North American AMR market, deploying both drive-by and fixed network meter reading technology that allows meter reading to be performed without actually viewing or touching the meter with any other equipment.
H. Douglas Saathoff, Nighthawk's CEO, commented, "I'm very happy to announce that we've entered into this agreement with Itron, which formally associates Nighthawk with perhaps the most well-known and well-respected provider of metering equipment in the world today. This agreement will allow Itron to incorporate Nighthawk's technology into their own product offerings, and opens up the Itron sales and distribution network to Nighthawk. This is a significant step in the evolution of Nighthawk."
"Itron certainly recognizes the potential value of combining Nighthawk's growing wireless control capabilities with our ChoiceConnect suite," said Philip Mezey, senior vice president and COO of Itron North America. "By building strategic partnerships with providers such as Nighthawk, we continue to enhance our innovative solutions, further helping utilities to better manage demand for an energized future."
About Nighthawk Systems:
Nighthawk is a leading provider of intelligent devices and systems that allow for the centralized, on-demand management of assets and processes. Nighthawk products are used throughout the United States in a variety of mission critical applications, including remotely turning on/off and rebooting devices, activating alarms, and emergency notification, including the display of custom messages. Nighthawk's IPTV set top boxes are utilized by the hospitality industry to provide in-room standard and high definition television and video on demand. Individuals interested in Nighthawk Systems can sign up to receive email alerts by visiting the Company's website at www.nighthawksystems.com.
About Itron:
Itron is a leading technology provider and critical source of knowledge to the global energy and water industries. Itron operates in two divisions: as Itron in North America and as Actaris outside of North America. Our company is the world's leading provider of metering, data collection and software solutions, with nearly 8,000 utilities worldwide relying on our technology to optimize the delivery and use of energy and water. Itron delivers industry leading solutions for electricity, gas and water utilities by offering meters; data collection and communication systems, including automated meter reading (AMR) and advanced metering infrastructure (AMI); meter data management and utility software applications; as well as comprehensive project management, installation and consulting services. To know more, start here: www.itron.com.
Statements contained in this release, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, acceptance of new or existing businesses, capital resources and future business or financial results are "forward-looking" statements. You should not place undue reliance on these forward-looking statements. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, customer acceptance of our products, our ability to raise capital to fund our operations, our ability to develop and protect proprietary technology, government regulation, competition in our industry, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this press release to conform these statements to actual results or to changes in our expectations, except as required by law.
Nighthawk Systems, Inc.
Doug Saathoff, 877-NIGHTHAWK, ext. 701
Chief Executive Officer
dsaathoff@nighthawksystems.com
or
Itron
Kim Papich, 509-891-3590
Communications and Marketing
kim.papich@itron.com
