Novazzano, Switzerland and London, U.K. --- (METERING.COM) --- December 16, 2011 - A Memorandum of Understanding has been concluded between Paradox Engineering and NEC Italia Spa to explore joint development of world class smart energy solutions for utilities, multi-utilities and municipalities in Europe, Middle East and Africa (EMEA).

The two companies will share their knowledge in order to optimize their engineering efforts and identify opportunities for proof-of-concept and pilot projects, which will allow a smarter management of energy resources, and therefore increase sustainable performance of communities and cities.

“Through the collaboration with NEC, Paradox Engineering will contribute its innovation capability, know-how and solutions with organizations to pursue innovative energy strategies,” commented Gianni Minetti, president and CEO of Paradox Engineering.

“In the framework of the NEC’s smart energy plan in EMEA Region, the cooperation with Paradox Engineering is a significant step ahead in the development of effective localized solutions for smart cities applications,” added Ugo Govigli, CEO of NEC Italia and EMEA vice president Smart Energy Infrastructure and Solutions.

The partnership enables to provide proven competences and innovative solutions to EMEA smart grid markets. As Paradox Engineering has matured a strong expertise in smart metering and smart grid technologies, it leverages its knowledge and capabilities in wireless sensor networks and global virtual networks. For NEC EMEA energy efficiency and smart grids are key topics and the new growth markets.