Power Measurement and add engineering partner to deliver ION products in Russia

VICTORIA, BC, July 8, 2002 — Power Measurement, a provider of enterprise energy management systems, recently announced the appointment of ADD Engineering of St. Petersburg, Russia as an authorized distributor of its line of ION® web-ready software and intelligent metering and control devices.

The ION products, certified for sale in Russia by the national GOST standards organization, make it easy for commercial, industrial, and utility customers to control the cost, quality and reliability of their power. This arrangement presents an exciting opportunity for both companies, according to Rudi Carolsfeld, Power Measurement Sales Manager for Europe.

“Russia is undergoing significant economic expansion due to the deregulation of its electricity market and explosive growth in the oil and gas industries. We believe that through our partnership with ADD Engineering, we can bring substantial value to our customers in this market,” said Carolsfeld.

ADD Engineering provides customer-focused solutions in the fields of automation, information systems, collection systems, and uninterruptible, self- contained power supply equipment.

Vladislav Norkin, Sales Director for ADD Engineering agrees: “Now that the ION products are GOST-approved, we can offer our Russian customers the very best in cost-effective settlement, billing, and distributed power-quality monitoring solutions.”

About ADD Engineering: Established in 1988, ADD Engineering specializes in providing comprehensive solutions to power supply problems. The company supports new technologies and solution applications in Russia, CIS and the Baltics. ADD Engineering excels in a variety of industries, including telecommunications, oil, utilities, manufacturing, medicine, and mining.

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 that helps improve power quality, reduce energy costs and keep operations running enterprise-wide, 24 hours a day.

For more information, call Power Measurement toll free at 866-466-7627 (USA and Canada), or visit the Power Measurement web site at www.pwrm.com.

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