TransData Licenses Wireless Smart Electric Meter Patents to Telensa Limited
DALLAS, Oct. 20, 2014 /PRNewswire/ -- TransData Inc., a leading developer and manufacturer of advanced power and energy metering products for electric utilities and industry, announced today that it has licensed its wireless "Smart Meter Patents," portfolio to Telensa Ltd., a leading street light wireless monitoring and control system supplier based in the U.K. The financial terms of the licensing agreement, which includes TransData's U.S. Patent Nos. 6,181,294; 6,462,713; and 6,903,699 are confidential.
Today's announcement marks the fifth license agreement generated by TransData's Smart Meter Patents portfolio. Licensees include major meter manufacturer Sensus USA, Inc. as well as large utilities such as Alabama Power Company, Georgia Power Company, Mississippi Power Company and Wisconsin Power & Light Company.
"We are extremely pleased to have signed yet another license agreement for our Smart Meter Patents portfolio. We also appreciate the fact that Telensa recognized the significant value our patents provide and voluntarily approached TransData to license our patents," said Trace Gleibs, President of TransData.
TransData's counsel, Jamie McDole of Haynes & Boone, LLP, further stated, "With so many large companies recklessly infringing upon TransData's patent rights, I am pleased that Telensa took the less litigious route and affirmatively requested a license before utilizing TransData's patented technology."
TransData holds several pioneering patents for its invention of a wirelessly communicating digital electric meter equipped with an internal "under-glass" wireless communication circuit and antenna. In 2010, TransData initiated patent infringement lawsuits against a number of companies alleging the unlawful use of TransData's patented technology inside their digital electric meters. The cases are currently consolidated in federal court in Oklahoma and are anticipated to be presented to a jury next year.
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 United States 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 litigations.
Attorneys Jamie McDole of Haynes and Boone, LLP and Greg Parker of Hitt Gaines, P.C., represented TransData in the licensing deal.
About TransData
In business for 45 years, TransData is a woman-owned business 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 corporation with headquarters in suburban Dallas, Texas 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 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.
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