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Awesense Announces A Strategic Partnership with ELO Sistemas Eletronicos - This is a strategic partnership to provide Awesense senseNET revenue protection products to electric utilities in Latin America - Awesense.com
Awesense Announces A Strategic Partnership with ELO Sistemas Eletronicos

 

NewswireToday - /newswire/ - Vancouver, British Columbia, Canada, 2012/11/02 - This is a strategic partnership to provide Awesense senseNET revenue protection products to electric utilities in Latin America - Awesense.com.

   
 
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Electric utilities seeking to find and recover revenue that is lost to inaccuracies in metered billing or power theft in Latin America can benefit from the Awesense and ELO Sistemas Eletronicos partnership, announced today.

According to the World Bank, the loss and theft of electrical energy worldwide comes at a cost of more than $200 billion every year. With losses reaching over 10% in some areas of South America, combined with the rapid increase in energy consumption, finding and eliminating these losses in the power grid is one way in which utilities are striving to help keep costs down for customers.

ELO`s expertise and experience in providing solutions for electric metering, makes it easier for utilities to implement Awesense solutions to identify inefficiencies and losses in the grid across the Latin American market.

The Awesense Raptor, a portable wireless power monitor, and Awesense senseNET revenue protection applications will now be promoted, marketed and sold by ELO in Latin America. The two companies are working closely together to integrate the Awesense senseNET system into ELO's expanding suite of products and services. The system is ready for pilots throughout Latin America and volume rollouts are scheduled to be ready mid Q4 of 2012.

“The partnership with ELO, Latin America’s leading metering technology provider, is a key strategic step in Awesense’s international expansion” said CEO Mischa Steiner-Jovic. “Building upon our success in North America, the partnership with ELO showcases the critical importance that utilities in Latin America have to encourage increasing energy efficiency and reducing electrical losses in the grid.” “Providing effective solutions to reduce losses and protect revenue is part of our strategy for Brazil and other Latin American countries” said Marcos Rizzo, ELO vice president of business development.

About Awesense

Awesense Wireless Inc. (awesense.com) helps utilities find and reduce the energy that is lost in the distribution of electrical energy due to failing infrastructure and non-technical losses, such as power theft. Awesense Raptors are easy to deploy line monitors that wirelessly communicate to the Awesense senseNET applications, providing the information for utilities to reduce these unnecessary losses. Awesense provides patented, revolutionary solutions that are already helping utilities recover $100’s of millions of dollars every year, and growing.

For more information about Awesense contact: Wes Reith, wes[.]awesense.com, or call 1-888-868-4607

About ELO Sistemas Eletrônicos

Founded in 1980, ELO Sistemas Eletronicos (elonet.com.br) is a leading metering provider for the South America market. With offices in Brazil and Chile, ELO is recognized as a key supplier of quality electronic equipment and systems to the Brazilian and South American electricity supply market. ELO provides integrated product and system packages to utilities to automate processes, such as the collection and treatment of metering data. In 1993, ELO introduced the concept of electronic metering for C&I applications to energy metering in Brazil and is a recognized leader and innovator in the Brazilian energy market.

For more information about Elo Sistemas contact: Roberta Corvino, roberta_corvino[.]elonet.com.br or call +55 19 2115-4900

 
 
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Written by / Agency / Source: Awesense Wireless, Inc.

 
 

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Awesense Announces A Strategic Partnership with ELO Sistemas Eletronicos

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Publisher Contact: Malini Sengupta - Awesense.com 
778-724-4090 malini[.]awesense.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Awesense Wireless, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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