Echelon and Holley Metering Sign Agreement to Develop and Sell Advanced
Smart Grid Solutions for
the China Market
Holley Metering Limited, one
of China's leading meter suppliers, will use Echelon power line-based and
COS-powered energy control technology in their smart metering solutions
Echelon Corporation, and
Holley Metering Limited, which is expected to ship 10 million meters into the
China market and international markets in 2011, announced a commercial
agreement under which the two companies will initially collaborate to develop
advanced smart metering products that meet the stringent requirements for the
vast China market set by the State Grid Corporation of China (SGCC) and China
Southern Power Grid Co., Ltd. (CSG). The partnership will leverage Echelon's 20
years of experience in energy control networking systems, including highly
reliable power line control and communications hardware and software components
for smart grid applications, and Holley Metering's breadth of metering
solutions and extensive customer relationships.
"We are delighted to
join in partnership with Holley Metering to serve the vast smart grid market in
China. With a mandate to connect 300 million homes and businesses to the smart
grid over the next 5 years, Chinese utilities will need to leverage the best
the world has to offer," said Ron Sege, President and CEO of Echelon.
"Our partnership will create a unique energy control networking platform,
based on the best technologies and years of real-world experiences, to deliver
unsurpassed reliability, performance, capabilities and value to the
market."
"We are extremely
excited to utilize Echelon's field-proven technologies and leverage their
extensive experience gained by connecting more than 35 million homes to the
smart grid," said Jeffrey Guo, President of Holley Metering.
"Utilities inside China and throughout the world are developing unique
perspective and capabilities for the smart grid and for energy management, and
our partnership can bring these in one package to our all our customers."