Oslo, Norway --- (METERING.COM) --- April 30, 2008 – EDB, an IT group in the Nordic region, has entered into a three-year Nordic operating services agreement with Telenor Cinclus. The market for automatic meter reading is expected to grow strongly over the next few years, and this contract gives EDB significant opportunities for expansion in terms of both volume and services.
Telenor Cinclus has developed a systems platform to collect meter reading data for processing and transmission to energy companies. A survey carried out by the Swedish market research company Berg Insight showed that 60% of all 13 million households in the Nordic countries will be on automatic meter reading by 2010.
"This is a rapidly growing market, and it was essential for us to choose a partner with documented experience, an established range of services and the ability to respond to the growth we are targeting", explains Geir Nilsson, VP Operations at Telenor Cinclus. “By giving operational responsibility to a professional operating services partner, we can focus fully on the market.”
Automatic meter reading both reads the meter and transmits the data automatically. In addition, AMR technology opens up opportunities for energy companies to offer additional services such as burglar and fire alarms, water and gas metering, temperature management and image transmission. Telenor Cinclus currently has both E-ON and Fortum on its customer list, representing around 1 million consumers, and it aims to be the largest supplier of automatic meter reading in the Nordic region.
"This contract opens up important opportunities for EDB in terms of business volume throughout the Nordic region", comments Jan Erik Larsen, Executive Vice President at EDB. “In addition, AMR technology has the potential to deliver additional services in the future. This offers significant opportunities, not least for our units specializing in IT consulting and application management.”
The contract's start date was 1 April 2008; it provides for operating and network services, in addition to service level agreements for year-round 24/7 operations.