DALLAS, May 21, 2014 /PRNewswire/ -- TransData Inc., a leading manufacturer of advanced solid-state electricity meters, announced today that it has licensed three of its wireless "Smart Meter Patents" to Sensus USA Inc. The terms of the agreement, which licenses Patent Nos. 6,181,294; 6,462,713; and 6,903,699, are confidential. This agreement settles TransData's ongoing litigation with Alabama Power Company, Georgia Power Company, and Mississippi Power Company, subsidiaries of Southern Company (NYSE: SO); and Wisconsin Power & Light Company (NYSE: LNT).
"We are extremely pleased to have signed yet another patent license agreement with a major meter manufacturer," said Trace Gleibs, President of TransData.
Remaining defendants in the litigation include CenterPoint Energy Houston Electric LLC (NYSE: CNP); Oncor Electric Delivery Company LLC; Texas-New Mexico Power Company (NYSE: PNM); Denton Municipal Utilities; San Diego Gas & Electric Co. (NYSE:SRE); Denton County Electric Cooperative Inc. (d/b/a CoServ Electric); Oklahoma Gas & Electric Co. (NYSE: OGE); and Tri-County Electric Cooperative Inc. According to recent U.S. Securities and Exchange Commission filings, Itron Inc. (NASDAQ: ITRI) and Silver Springs Networks Inc. (NASDAQ: SSNI) stated that they, along with General Electric (NYSE: GE), are indemnifying numerous of these defendant utilities in the litigation.
Law firms Haynes and Boone, LLP, and Hitt Gaines, P.C., represented TransData in the licensing deal.
TransData is a technology-based company specializing in the design and manufacture of advanced solid-state energy 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 woman-owned business with headquarters in Dallas, serving over 2,000 customers in more than 25 countries worldwide, including most of the top 50 largest U.S. electric utilities. More information on TransData can be found at http://www.transdatainc.com. TransData is a registered trademark of TransData Inc.
For additional information, please contact Dave Moore at 800-559-4534 or [email protected].
SOURCE TransData Inc.