PEQUOT LAKES, Minn.; NOKOMIS, Fla., Sept. 16, 2005 — Hunt Technologies Inc., a global provider of automatic meter reading (AMR) solutions, and Guardian Prepayment Systems today announced they are entering into an agreement to develop an AMR-enabled prepaid metering solution for residential applications.
Hunt and Guardian will jointly develop a system for use with a solid-state residential meter and Hunt Technologies’ TS2 two-way, power line carrier AMR system. Guardian, which has extensive experience developing prepaid systems, will license software and hardware technology to Hunt. Hunt’s TS2 system will provide the communication link between the meter and the utility.
“The development of a prepaid metering option will add another level of capabilities to Hunt’s complete AMR solutions,” said Todd Headlee, Hunt’s chief operating officer. “We are excited about being able to offer a prepaid system that will set a new standard in the market.”
AMR-controlled prepay metering offers a number of unique benefits for both the utility and the customer, including:
* Reducing the utility’s billing costs in high turnover accounts, such as college campuses, time-shares, and resort cabins or condominiums.
* Providing an easier interface for the consumer by transmitting purchased power to the meter without the need for magnetic cards.
* Allowing utilities to instantly recognize accurate revenue and audit the system through the daily meter reading data using TS2 power line carrier technology.
“Integrating a prepaid metering system with an established AMR system provides a number of advantages to the utility and increases the cost efficiency and consumer satisfaction for residential applications,” said Steve Swartz, president of Guardian. “Hunt Technologies has a reputation for rapid development of advanced technology and we look forward to partnering on this project.”