- Five-year Contract Includes over 1 Million Smart Electricity Meters
- Builds on Previous Award of 900,000 Smart Gas Meters
- Helps the Netherlands Meet EU Energy Efficiency Goals
MAINZ-KASTEL, Germany, March 30, 2016 /PRNewswire/ -- Honeywell announced that its Elster business, a global provider of electricity, gas and water meters and related software and data analytics solutions, has been selected by Enexis for a five-year contract to deliver more than 1 million smart electricity meters in the Netherlands as part of the country's efforts to meet European Union energy efficiency goals.
The awarded project builds on previous Honeywell Elster successes with Enexis that included the installation of 900,000 smart gas meters in 2015 and a complete meter data collection and meter data management platform for smart metering in 2008. With the addition of the electricity meter award, Enexis will have an end-to-end smart grid solution using Honeywell Elster technology. The contract with Enexis is for five years, plus five optional years.
Enexis, one of three multi-utility distribution system operators (DSOs) in the Netherlands, has opted for electricity smart meters based on LTE (long-term evolution) mobile communication technology. To date, Enexis is leading the rollout with over 1.3 million smart meters installed.
Elster, acquired by Honeywell in December, delivers complete smart grid and energy management solutions that drive energy efficiency, operational improvements and cost savings for utilities, commercial and industrial customers and consumers.
"We have achieved a trusted and long-term relationship with Enexis based on our technical knowledge and our hands-on approach," said Ben Vermeulen, managing director Elster Solutions Netherlands. "The implementation and development of our LTE smart electricity meters is helping to future-proof the grid management capabilities in the Netherlands."
Jan-Willem Janse, director of smart metering at Enexis, said, "This procurement process has played a key role in ensuring affordable energy over the next five years. Developing the ESMR5.0 LTE smart meter is an integral part of our mass rollout strategy. The technology is more cost-effective compared to the current generation of meters and will help Enexis to minimise rates for their customers in the future.
"Honeywell's Elster has proved their capabilities over many years of working with us and we look forward to working with them to help achieve our objective of deploying smart meters to most of our customers by 2020. Honeywell's Elster is involved in all parts of the end-to-end multi-vendor solution and is as such a strategic partner for us."
Honeywell (www.honeywell.com [http://www.honeywell.com/]) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes, and industry; turbochargers; and performance materials. For more news and information on Honeywell, please visit www.honeywellnow.com [http://www.honeywellnow.com/].
This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.
CONTACT: Koen Bas, +32 56245690, email@example.com
Web site: http://www.honeywell.com/