Good News!14 Apr 2010 09:14
14 April 2010
BGLOBAL PLC
("Bglobal" or the "Company" or the "Group")
UK Regulatory approval for the Bglobal Smart1 meter
Bglobal plc (AIM:BGBL), the leading UK smart metering and energy data company, announces that it has received Measuring Instruments Directive ("MID") and UK specific regulatory approval for the Company's new smart meter, the Bglobal Smart1, enabling its deployment in UK and European electricity markets.
The Smart1 offers energy suppliers unprecedented flexibility, providing both Smart-Ready and Smart-Now options, with a simple, low cost upgrade path.
The Smart1 is a full specification, communications hub agnostic, ZigBee-enabled smart electricity meter, which is designed to meet the needs of UK energy suppliers servicing mass residential and SME business markets. The product is future proof against change risks in communications technologies which may be regulatory driven whilst delivering compelling cost saving advantages in the installation process through innovative design features.
The MID (2004/22/EC) is a directive by the European Union (EU) which creates a common market for measuring instruments across the 27 countries of the EU. Meters which receive MID approval may be used in all countries across the EU. Further, the use and performance of Electricity Meters in the UK is governed by Schedule 7 of the Electricity Act, 1989 and supporting legislation. The Smart1 has gained approval for all the requirements referenced by this legislation.
The Smart1 has been designed by Bglobal's Research and Development team located in Lancashire, UK and Brisbane, Australia, and leverages Bglobal's deep understanding of the needs of UK energy supply customers and end users alike. Bglobal's partners in South East Asia will produce the communications modules whilst Singapore-based EDMI will produce the meter component exclusively for Bglobal, leveraging their extensive experience in making high-performance smart meters for global markets.
The Smart1 will be launched at the Sustainability Live event on 20th April 2010 in Birmingham, UK.
Recent Trading
Bglobal achieved a key milestone on meter installations in March, installing over 5,000 smart meters in the month. More than 40,000 meter installations have been billed by Bglobal during the last financial year, up nearly 100% on the previous financial year.
Partnership with Orange
Bglobal is pleased to announce that it has entered into a partnership agreement with telecoms provider Orange, in order to develop a range of new and innovative services to UK business and residential metering customers.
Bglobal's ZigBee-enabled Smart1 meter, fitted with Orange's GPRS communications devices will create the hub of Home Area Networks (HANs) or Business Area Networks (BANs) which can communicate with other smart-enabled devices, collecting and delivering real-time information and energy management data over the