Last checked at 1 Oct 2009 07:00
Date: 1st October, 2009
DIALIGHT Plc
DIALIGHT announces supply agreement for "smart grid" disconnect switch
Dialight plc., reports the signing of a supply agreement for its PowerPulse™ 200-amp disconnect/reconnect load switch in support of the United States Advanced Meter Infrastructure Initiative, a move to introduce "smart" metering for the "smart grid".
This exclusive agreement with one of Dialight's existing customers is initially for two years and could represent more than $15,000,000 in revenues over 2010 and 2011. Whilst Dialight is currently shipping to this customer, the agreement assumes a significant increase in volume.
In the United States there are more than 100 million domestic electricity meters to be upgraded to "smart metering" and this conversion is in its infancy.
Dialight CEO, Roy Burton, comments: "We are very pleased to have this extended agreement and see it as endorsement of our capabilities in this safety conscious and demanding market."
Company Contact:
Roy Burton - Chief Executive
Cathy Buckley - Finance Director
Dialight plc
Tel: 01480 447490
Media / Investor Contact:
Robert Speed/Kirsten Molyneux
Kreab Gavin Anderson
Tel: 020 7074 1800
Email: dialight@gavinanderson.co.uk
Notes to Editors
About Dialight PLC
Dialight plc (LSE: DIA.L) is leading the lighting revolution for industrial users across the world. Applying leading edge LED technology it produces retro-fittable lighting fixtures designed specifically for hazardous locations, obstruction lighting, traffic and rail signalling to vastly reduce maintenance, save energy, improve safety and ease disposal. Versions of these high specification luminaires are also produced for more general commercial, industrial and outdoor situations. The company is headquartered in the UK with operating locations in the UK, USA, Germany and Mexico. More information is available at www.dialight.com.