GENERAL: PLU: Pulse Expands Offering in New Deal

3 Mar 2010 12:51 pm

PLU 03/03/2010 GENERAL

REL: 1251 HRS Pulse Utilities New Zealand Limited

GENERAL: PLU: Pulse Expands Offering in New Deal

In a deal which secures it's position as a rising force in the meter and meter data management marketplace, Pulse Utilities subsidiary Pulse Metering Limited has signed a four year contract with Contact Energy, one of New Zealand's biggest power companies.

Pulse Metering is a fully owned subsidiary of Pulse Utilities New Zealand Limited, Pulse Metering has been established to provide independent specialist time-of-use metering data management services and significantly expands the company's business offering.

Under the deal Pulse Metering will undertake a meter technology refresh for all Contact Energy customer sites that were acquired from EDL in May 2009. It will also provide specialist data management services for the duration of the contract.

Pulse Utilities CEO Dene Biddlecombe said the growth of Pulse Metering builds on the skills and technology the company has developed in its smart metering business. "We have proven expertise in this area so it has been a natural progression for us to move into metering support systems."

Ends.

About Pulse Utilities: Pulse Utilities New Zealand Limited was listed on the New Zealand Stock Exchange - on the NZAX Board in November 2007. www.punz.co.nz

About Pulse Metering: Pulse Metering Limited is a stand-alone meter and meter data management company. Pulse Metering provides Time of Use Metering as well as smart meters and other meter related services to other electricity retailers and market participants. It offers generic meter solutions to electricity retailers using any meter supplier to fit the required purpose. End CA:00192035 For:PLU Type:GENERAL Time:2010-03-03:12:51:43

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