Thursday, October 1, 2009

DIALIGHT announces supply agreement for “smart grid” disconnect switch

Dialight plc., reports the signing of a supply agreement for its PowerPulse™ 200-amp disconnect/reconnect load switch in support of the United States Advanced Meter Infrastructure Initiative, a move to introduce "smart" metering for the "smart grid".

This exclusive agreement with one of Dialight's existing customers is initially for two years and could represent more than $15,000,000 in revenues over 2010 and 2011. Whilst Dialight is currently shipping to this customer, the agreement assumes a significant increase in volume.

In the United States there are more than 100 million domestic electricity meters to be upgraded to "smart metering" and this conversion is in its infancy.

Dialight CEO, Roy Burton, comments: "We are very pleased to have this extended agreement and see it as endorsement of our capabilities in this safety conscious and demanding market."