Amsterdam, The Netherlands — (METERING.COM) — August 6, 2007 – Waleli, a wireless innovation firm, has developed several solutions to support the predicted growth in M2M (machine to machine) communications. The solutions include a cost-effective smart metering offering, which was developed with Dutch start-up Smart Dutch.
"M2M has the potential to become a mega trend and the market is expected to be worth over 220 billion euros ($304 billion) in 2010, compared to the current 20 billion euros ($28 billion)," said Siete Hamminga, CEO and founder of Waleli. "M2M has been around for years and it is appearing more and more in our daily lives."
The smart metering solution uses a combination of wireless technologies and the latest innovations developed by meter manufacturers to create a system which is cheaper than existing alternatives, because the meter readings of up to 100 households are delivered to one central point before being collectively sent to the utility company. This means that the hardware costs and subscription fees for the GPRS or Internet connection are shared among all the households, significantly lowering the transmission costs per household.