Head of Power Measurement wins Ernst & Young Entrepreneur Award

VICTORIA, BC, Oct. 15, 2002 — Bradford Forth, President and CEO of Power Measurement has been named Ernst & Young’s 2002 Pacific Entrepreneur of the Year in the category of Technology and Communications.

As CEO, Forth (37) has led the Victoria-based firm through several years of successive growth and profitability. Now the largest technology company on Vancouver Island, Power Measurement is a global provider of enterprise energy management systems, with more than 250 employees, representation in over 50 countries, and $70 million in annual revenue (2001).

The Technology and Communications award was one of seven categories recognized Tuesday night at the awards ceremony in Vancouver as part of the Ernst & Young’s ninth annual Entrepreneur of the Year (EOY) program for the Pacific Region. In accepting the award, Forth gave full credit for the honor to Power Measurement, thanking his entire “team of entrepreneurs” at all levels of the company: “This award is in recognition of the outstanding performance of the entire team,” Forth said.

For more information on the Entrepreneur of the Year program, visit www.eoy.ca. For more about Power Measurement visit www.pwrm.com.

About Power Measurement: Power Measurement is a provider of enterprise energy management systems for energy suppliers and consumers worldwide. The company’s ION® web-ready software and intelligent metering and control devices comprise a complete real-time information and control network. ION systems support billing for complex energy contracts and help improve power quality, reduce energy costs and keep operations running enterprise-wide, 24 hours a day.

Source: Power Measurement Ltd.

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