Mannheim, Germany/Kfar Saba, Israel, Oct. 14, 2002 — Main.net Communications Ltd., a provider of power line communications (PLC) broadband access network solutions, announced that ABB has joined Power PLUS Communications (PPC) as shareholder and strategic partner.
PPC, a joint venture between Main.net and MVV Energie AG (a German multi-utility company), markets Main.net’s PLUSâ„- system solution in Germany and Austria. ABB’s subsidiary, ABB New Venture GmbH, has taken over 14 percent of PPC’s shares with cash and additional assets investments.
Under the agreement, ABB’s medium voltage coupler technology and patents that are now part of PPC’s assets, will be added to Main.net’s PLUSâ„- system solution for medium voltage power lines.
“As the world leader in energy and automation technology, we are excited about PLC,” said Dr. Joachim Schneider, CEO of ABB AG. “The current fully commercial high speed Internet over power lines is just the first step. Other applications for PLC are security services, telephony, power management and home networking.
“The ability to enable both multimedia applications for the end user and energy services for the power utilities will only speed up mass deployment. PLC is the only technology to enable local power utilities to generate additional income by using their existing electricity grid and customer base,” he said.
“We are proud to have the multinational ABB group as our strategic partner,” said Moshe Efrati, CEO of Main.net Communications Ltd.
“Main.net’s global market strategy consists of creating joint ventures and strategic partnerships with entities that have strong connections with local power utilities. ABB’s global market presence will enhance PPC’s dominance in the German and Austrian market and Main.net’s position as the global PLC technology leader.”
About Main.net Communications Ltd.
Main.net Communications, Ltd. is a provider of power line communications (PLC) broadband access network solutions worldwide. Utilizing the state of the art PLUSâ„- technology, Main.net provides high speed Internet access to every ordinary electric wall outlet. For more information, visit the company website www.mainnet-plc.com
About Asea Brown Boveri
ABB is a provider of power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies employs 152,000 and operates in more than 100 countries.
For more information, visit the company website www.abb.com About Power PLUS Communications Power PLUS Communications AG is a joint venture of Main.net Communications Ltd., MVV Energie AG, MVV-Innovations Portfolio and ABB New Venture GmbH.
PPC AG offers power utilities and city carriers PLC technology and know-how by providing comprehensive broadband access solutions for high speed Internet and telephony services over the electricity grid, utilizing PLUSâ„-.
PLC also enables additional services, such as home networking, security, surveillance and network management. PPC’s customer base includes leading German and Austrian power utilities and city carriers such as MVV Energie AG in Mannheim, GWS Stadtwerke Hameln and Linz Strom AG. For more information on PPC, visit www.ppc-ag.de