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New Zealand—(METERING.COM)—19 June, 2006 – In order to foster the development of leading edge energy sector software technology, the Foundation of Research, Science and Technology – through its Technology for Business Growth programme – have granted Optimation $1.8m in order to develop Equip, its utilities billing software.

The injection will position Equip at the forefront of an emerging global market for next-generation software that can support widespread implementation of smart meters and other energy management strategies.

Commenting on the grant, Foundation Business Manager Robert Matheson said that “this is an exciting step for Optimation, building on its existing strengths in software development to launch a scaleable utility billing product, and positioning it to attract major customers in new markets”.