eMeter Awards Verizon with 2011 New Frontiers Award for Leadership Enabling Cloud-Based Meter Data Management for Utilities
SAN MATEO, Calif. and NEW YORK, May 10, 2011 /PRNewswire/ -- eMeter Corporation, a leader in Smart Grid management software has given Verizon its 2011 New Frontiers Award.
Verizon received the award at the 2011 eMeter Leadership Conference, taking place May 9-11, 2011 at the Fairmont Hotel in San Francisco. The conference brings together industry leaders in smart meter data management to discuss current trends and best practices, share ideas and experiences, and connect with like-minded professionals.
eMeter has recognized Verizon for its vision in creating the first cloud based delivery and pricing model that specifically meets utilities' needs for advanced smart grid solutions like end-to-end meter servicing, advanced metering infrastructures, security and network management. The new, flexible model enables innovative solutions to enhance billing capabilities and improve customer response times. Verizon's cloud-based model lets utilities pay on a monthly per meter basis and often leverages networks already in place to reduce the need for large, redundant capital investments.
"Providing utilities with industry specific solutions – such as meter data management from the cloud – will empower utilities to control costs and extract billing efficiencies from the smart grid," Rick Noel, vice president, Verizon's Energy and Utilities practice. "By leveraging these cloud based services, utilities will be able to provide their customers with new cost effective energy management solutions. Our continued work with eMeter is instrumental in helping meet the current and future needs of utilities with timely and innovative smart grid solutions."
"Verizon is ahead of the curve in understanding how to leverage the power of its IP network and the cloud to provide industry specific solutions within its markets," said Gary Bloom, CEO of eMeter. "Their forward-looking vision for cloud-based meter data management offerings for the utility industry makes the company truly deserving of the 2011 New Frontiers Award. We are proud to work with Verizon Business to make this vision a reality for utilities."
About Verizon
Verizon Communications Inc. (NYSE, NASDAQ:VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, with more than 104 million total connections nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers seamless business solutions to customers around the world. A Dow 30 company, Verizon employs a diverse workforce of more than 196,000 and last year generated consolidated revenues of $106.6 billion. For more information, visit www.verizon.com.
About eMeter
eMeter provides essential software that enables electric, gas and water utilities to realize the full benefits of Smart Grid. Leading utilities worldwide depend on eMeter Smart Grid Management software to reduce operational costs, improve customer service, and drive energy efficiency. With the most large-scale deployments in the industry and strategic partnerships with Accenture, IBM, Logica, and Siemens, eMeter has built a reputation for unparalleled expertise that ensures customer success. For more information visit: www.emeter.com.
SOURCE eMeter Corporation
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