TransData Licenses Smart Electric Meter Patent Portfolio to Vision Metering
DALLAS, Oct. 1, 2015 /PRNewswire/ -- TransData, Inc., a leading developer and manufacturer of digital electricity meters and related energy measurement products for over 45 years, today announced that the Company has licensed its wireless Smart Meter Patent portfolio to Vision Metering, LLC, a manufacturer of digital electricity meters and smart grid products based in York, South Carolina.
TransData's Smart Meter Patents (U.S. Patent Nos. 6,181,294; 6,462,713; and 6,903,699) cover the pioneering technology invented by TransData that resulted in the development of the very first digital electricity meter to be equipped with an internal "under-glass" wireless communication circuit and antenna.
In exchange for a license to TransData's Smart Meter Patents, Vision Metering agreed to pay TransData a running royalty rate of $17.50 per meter for certain advanced metering infrastructure (AMI) electricity meters. Vision Metering joins a non-exhaustive list of current licensees that includes The Southern Company, Alabama Power, Georgia Power, Gulf Power, Mississippi Power, Wisconsin Power & Light, Sensus Metering, M2M Engineering LLC and Telensa Ltd.
"We are extremely pleased to have signed yet another license agreement for our Smart Meter Patents and appreciate Vision Metering for voluntarily approaching TransData to inquire about licensing our patents," said Trace Gleibs, President of TransData. "This licensing agreement further demonstrates the significance of our Smart Meter Patents to the manufacture and operation of wirelessly communicating smart electric meters."
TransData's Smart Meter Patents are the subject matter of patent enforcement actions currently pending against General Electric, Itron, Landis+Gyr, Oncor Electric Delivery, CenterPoint Energy, Texas-New Mexico Power, San Diego Gas & Electric, Oklahoma Gas & Electric, CoServ Electric, Denton Municipal Electric and Tri-Country Electric Cooperative.
Attorneys Jamie McDole at Haynes and Boone, LLP and Greg Parker at Hitt Gaines, P.C., represented TransData in the licensing deal.
About TransData
In business for 46 years, TransData is the only certified Women's Business Enterprise (WBE) specializing in the design and manufacture of solid-state electric meters and related products that enable its global client base to more efficiently measure, monitor and control the flow of power and energy variables on the smart grid. Founded in 1969, TransData is a privately-held corporation with headquarters in suburban Dallas, serving over 2,000 customers in more than 25 countries worldwide, including all of the top 50 largest U.S. electric utilities. More information on TransData can be found at www.transdatainc.com. TransData is a registered trademark of TransData, Inc.
For additional information, please contact Mark Annick at 800-559-4534 or [email protected].
SOURCE TransData, Inc.
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