Michael Stiassny,
Chairman,
Vector 
Auckland, New Zealand--- (METERING.COM) --- December 20, 2006 - New Zealand electricity metering services group Vector and global metering solutions provider Siemens Energy Services have announced that they are looking at partnership opportunities to deliver smart metering services for the New Zealand energy market.

New Zealand’s metering market is progressing rapidly and this partnership would enable all opportunities to be thoroughly explored.

The proposed arrangement will draw on Siemens’ global capabilities in energy services and Vector’s leading local metering market positions to pursue opportunities in smart metering.

Vector Chairman Michael Stiassny says the company views partnerships with global companies as an important component of its business in the future. “If New Zealand is to offer world class infrastructure and related services we must tap into the international businesses which excel in their field,” he says.

Vector CEO Mark Franklin says the expertise from Siemens would strengthen and complement Vector’s existing metering business.

“Vector believes smart metering is a critical ingredient of New Zealand’s energy mix in the future. Partnering with Siemens means Vector has the access to the best global capabilities available as we pursue new opportunities to supply services to retailers.”

The government’s “National Energy Strategy” released last week cites smart meters as a key component to managing electricity demand and facilitating load control.

Vector provides independent electricity metering services to more than 800,000 homes and businesses as well as data energy management services to more than 14,000 electricity consumers in New Zealand and Australia.