MELBOURNE, Australia, Nov. 19 /PRNewswire/ -- Symstream Technology Group Ltd., a worldwide leader in wireless-technology, announced today an alliance with Machine2Machine Interactive Intelligence Inc. (M2Mi3), a pioneering M2M technology enabler and provider in the Asia Pacific region. M2Mi3 will deploy Symstream-enabled smart meters to the Philippines metering market.
The new Symstream-enabled smart meter offers a solution to utilities looking to adapt to the changing power industry environment in the Philippines. The smart meter will enable electric utilities companies to install the meters in residential homes, with the choice of a postpaid meter (which remotely reads the electricity usage for residents' bills) or a prepaid metere (where customers pay as they go).
As a postpaid meter, the smart meter communicates with the meter data management back-end via Symstream's GSM technology. The voice channel is the most widely rolled out GSM channel in the Philippines, assuring availability of data connectivity wherever local GSM operators work. Symstream and M2Mi3 are expected to be deploying the smart meter in 5 million homes in the first year of the rollout; in three years, the companies forecast the smart meter will be in approximately 30 million homes.
"Symstream is now applying its proven secure, reliable and fully managed wireless technology to a new vertical market -- the Automated Meter Reading (AMR) market," said Mark Telkes, Symstream's vice president of the Asia Pacific region. "Symstream-enabled smart meters will reduce overhead cost and provide accurate real-time meter reading, as well as allow corporations to better monitor, plan, report and budget for their power requirements."
"This strategic alliance between M2Mi3 and Symstream allows both companies to focus on their respective strengths while delivering a superior and seamless solution to customers," said Ariel R. Dela Cruz, chairman and CEO of M2Mi3. "The primary advantages of this solution are cost savings, replacing the need for costly human meter readers, and high availability, where hard-to-access areas can be remotely read for either safety or commercial reasons. We believe that these advantages will ensure we continue providing the highest quality of service to existing and potential customers throughout the Philippines."
About Symstream Technology Group Ltd.
Symstream Technology Group Ltd. is involved in the development and commercialization of wireless telecommunications applications and services. The company is currently launching a revolutionary new, wireless telecommunications protocol, Symstream(TM). With the ability to be rolled out across existing GSM networks in more than 200 countries. Symstream(TM) is positioned to become a global standard. The target market for the Symstream (TM) technology is initially the financial transaction sector, serving the likes of banks and other financial service providers with a standardized, reliable, fast and low-cost wireless service that can be used to connect fleets of ATM's, eftPOS machines and also mobile payments services, cost effectively utilizing the region's existing GSM voice-network infrastructure. For more information, please visit www.symstream.com
About M2Mi3
Machine2Machine Interactive Intelligence Inc. (M2Mi3) is a pioneering M2M technology enabler and provider in the Asia Pacific region. M2Mi3 is a spin-off business unit of Facilities Protection Inc., a leading homeland security service provider, and was incorporated in December 2005.
M2Mi3 provides machine-to-machine, machine-to-mobile enabling technologies, applications and platforms which support various industry segments in partnership with telecom operators, system integrators, hardware and software vendors and M2M application developers. These partnerships are anchored in M2Mi3's philosophy of "Building Business through Strong Partnerships and Collaboration." For more information, please visit http://www.m2m.com.ph/corporate.html
For more information contact:
Asti Saraswati
Marketing and Communications Manager, Symstream Technology Group Ltd
+61 3 9568 2622
asti.saraswati@symstream.com
SOURCE Symstream Technology Group Ltd.
