Changsha, PRC, November 3, 2008 – Wasion Meters Group Limited and Teridian Semiconductor Corporation today announced a strategic agreement to introduce advanced 3-Phase and 1-Phase metering products for domestic and export applications based on Teridian’s 71M65xx family of system-on-chip (SOC) products.
The agreement includes closer collaboration and better vertical alignment of the two companies in definition and development of new products to better serve the rapidly growing electricity metering market.
“We are excited to see our mutual vision of developing new technologies to address rising demand in electricity have brought the two companies together in partnership. With significant growth in 3-phase meter demand and an equally robust growth forecast in deployment of smart metering technologies worldwide, we believe that working together as strategic partners will position us to better serve the utilities’ technical and commercial objectives,” said Kourosh Boutorabi, Teridian’s vice president and general manager of Metering business unit.
“Teridian’s leadership in providing precision energy meter SoC solutions will enable Wasion to leverage its flexible platform for fast time-to-market delivery of new meter designs conforming to the varying requirements of each utility for high performance meter solutions. The announcement of the partnership further demonstrates Teridian’s commitment to the global metering industry and continued innovations in metering metrology solutions”, said the Wasion management team.
About Wasion Meters Group Limited
Wasion Meters Group Limited (stock code: HK3393) and its subsidiaries is a leading power solution provider in the Peoples Republic of China specializing in the provision of electronic power meters and power management systems. Its products are widely applied for the measurement and management of power generation, transmission, distribution and usage. With more than 15 years experience, Wasion Group offers the total solution to the energy metering, including electricity meter (poly-phase, single phase, AMR product, pre-paid meter), concentrator, RTU, AMR system, power quality measurement equipment, gas meter, water meter and so on.
For more information, please visit www.wasion.com.
About Teridian Semiconductor
Teridian Semiconductor designs, sells and provides engineering support for its mixed-signal integrated circuits used in energy, automation, networking, and secure access systems. These ICs connect our customers’ digital systems to the analog[
] inputs of our world found in utility metering, industrial automation, set top box, digital TV, voice over IP, electronic identity and point of sale applications.
Teridian Semiconductor is Simplifying System integrationTM for its customers with a focus on accelerating system development, and reducing the engineering time required to achieve production.
For more information, visit www.teridian.com.
