Trondheim, Norway and Amersfoort, The Netherlands --- (METERING.COM) --- February 26, 2008 – Powel, a global utility software solutions company and FOUNTER, a supplier of smart metering solutions, have signed a partnership agreement in which Powel will partner with FOUNTER to offer a unique suite to grid companies and energy supply and water companies in continental European markets.

With electricity and gas reaching virtually every household and business in Europe, this agreement marks an important strategic step for Powel entering international markets with its smart metering solutions. For FOUNTER the partnership with Powel is an important step in realizing its ambitions to provide integrated smart metering software solutions to the utility industries.

Driven by new legislation, utility companies will start to replace existing electricity, water and gas meters with the next generation of intelligent meters. This large-scale replacement will have an enormous impact on meter control and meter data management, as well as logistical and operational business processes within the utility’s sector.

In developing a solution specifically designed to meet these new market requirements, FOUNTER will integrate Powel smart metering software in its solution suite in order to realize an end-to-end solution.  

“We are partnering with Powel because they have a proven system, critical domain expertise, and an open architecture that fits well with our vision,” said Huub J. Albers, Managing Director of FOUNTER. “Powel has been innovating new smart metering functionality for large Scandinavia roll-out projects for a number of years. This allows us to deliver additional functionality out of the box to our customers for improving quality, customer relations and reducing operational expenses.”

“To grid companies, utilities and retailers, the alliance between Powel and FOUNTER will mean a reliable solution for centralized or distributed meter data management, secure communication, and vendor-independent integration,” said Bård Benum, CEO Powel ASA. “From a customer perspective, the combined smart metering solution can enhance demand response, improve billing and provide more customer-centric service.

“FOUNTER’s vision brings leading suppliers together to form integrated IT solutions for the total business chain. Powel has a proven track record implementing integrated smart metering systems within large utilities. They will be a critical link in FOUNTER’s end-to-end solution.”