CellNet and Schlumberger to Provide Metering Services

CellNet and Schlumberger to Provide Metering Services

CellNet Data Systems Inc. and Schlumberger Resource Management Services Inc. have signed a long-term contract for Schlumberger to purchase CellNet`s data communications services for use in providing meter data management (MDMA) services to its commercial and industrial customers in California. The contract includes an option for Schlumberger to offer these services to its customers in other states. Under the terms of the agreement, CellNet will provide metering data communications services to Schlumberger over the CellNet California network to augment data acquisition services provided to Schlumberger clients in California. In a separate agreement, Schlumberger will provide the meter service provider (MSP) services to CellNet as mandated by the California Public Utilities Commission for California`s open electricity market. The MSP services include procurement, testing, calibration, retrofitting, installation, operation and maintenance of its customers` electric meters.

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