October 30, 2009 - Our government has launched a number of initiatives to stimulate the economy. Some will work and, unfortunately, some will not, but the investment in the future of the Smart Grid may pay dividends we can’t even imagine.
Because the federal government has awarded $3.4 billion in stimulus funds and utilities will add a similar amount from their budgets, we’ll see a serious advancement of the Smart Grid. We’ll also see a number of new and existing companies come into the spotlight. Venture capital funds are rapidly flowing into this market right now. Many domestic jobs will be created, since most of this money will be spent in the U.S.
With LS Research’s core business being custom design services for many industries, including military, medical, consumer products and energy, our focus is on producing reliable, cost-effective and functional products that provide great value to users. We’ve performed services including wireless design, antenna design, and FCC and CE certification, as well as complete AMR / AMI systems design testing and prototyping.
Recently, LS Research launched a full suite of Smart Energy devices for residential and small commercial applications. Key to the offering is our flagship Rate$aver In Home Display unit. This fully production-certified ZigBee-enabled display unit shows consumers their energy consumption on a real-time basis. We also provide a digital touch frame, various gateways, repeaters and other devices geared toward the Smart Energy and Home Area Network markets that also help consumers understand their real-time energy usage. It’s a huge leap from a monthly bill (which only shows energy expenditures the consumer has no way to influence) to real-time views that allow instant adjustments in energy consumption.
We believe this market will grow significantly over the next few years, so we’re adding capabilities and sharpening our focus in this area. We continue to provide proprietary design services for both start-ups and seasoned companies, applying our highly focused skills and knowledge regarding current and emerging standards in the energy field. LS Research belongs to many organizations working on standards, like the ZigBee and U-SNAP Alliances. We are lucky to have such talented people who understand this market. To be accepted as a trusted partner by so many companies is not something we take lightly. We stand ready to take on additional projects, and our board of directors supports our goal of continuing to make strategic investments in this important area.