ENGIE GDF SUEZ Energy Romania Signs Multi Year Agreement With Cason for Smart Metering and Related IT Services

Feb 11, 2016, 08:30 ET from DBH Investment Zrt.

BUDAPEST, Hungary, Feb. 11, 2016 /PRNewswire/ -- ENGIE GDF SUEZ Energy Romania and Cason Inc, a technology company focusing on green technology and smart metering signed an agreement for providing monitoring technology on measuring main consumers and related IT services for 3 years.  The results were announced on the Electronic System of Public Procurement (SEAP).

Cason will provide software services, electronic parts assembly, IT software packages, repair and maintenance of its technology system and specific software development services.

Zoltan Jaszberenyi, CEO of Cason Inc. said, "We are proud that our technology and services provide value to ENGIE GDF SUEZ.  GDF is a strategic company in the CEE Energy sector, so this underlines the applicability of our innovations in the energy business.  We look forward to working with ENGIE GDF SUEZ in this region."

Dr. Sandor Erdei, Chairman of the Board of Cason Inc, and DBH Investment, a venture capital investor in Cason Inc. added: "This agreement is a very important milestone for Cason, and it underlines that the innovative development  team of Cason creates technologies and products that fits the needs of the energy industry and are very much forward looking into the future. This can also be the basis of international expansion and further shareholder's value creation."

About  Cason Inc.

Cason is an innovative smart technology company who has developed a highly innovative proprietary wireless technology, which enables it to provide complete solutions for oil, gas, and utility sector in the areas of energy metering, focusing on clean tech and cloud based smart metering systems integration.  Companies adopting its technology can increase energy efficiency reducing the effect of climate change.

About ENGIE GDF SUEZ Romania:

ENGIE GDF SUEZ Energy Romania and its subsidiaries serve a portfolio of 1.5 million customers. The company has a network operating 18,500 km of pipelines,  two wind farms with a total capacity of 100 MW and approximately 3,650 employees.


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SOURCE DBH Investment Zrt.