[January 09, 2012]

Glen Canyon Corporation to Provide Lowest Cost Smart Meters and Advanced Metering Infrastructure (AMI) Solutions to Electric Utilities Worldwide

Addressing high initial cost, high total cost of ownership and complexity of installation, Glen Canyon Corporation today announced its NEXGEN family of products for the Smart Meter and Advanced Metering Infrastructure (AMI) market. Even as the worldwide AMI market is poised to grow at 19% CAGR by 2015 (Pike Research (News - Alert)), adoption has been hampered by high costs and complexity of installation. With re-imagined solutions for Smart Meters and AMI infrastructure, Glen Canyon delivers its NEXGEN smart meters at the cost of mechanical meters and eliminates capital costs for networking and data management by using existing networks and Cloud based storage and application software. For elimination of up front costs completely, the company is also introducing Virtual AMI (V-AMI), the industry's first AMI-as-service business model.

"We are eliminating the cost and complexity barriers to Smart Meter and AMI adoption, by enabling utilities to have smart meter and AMI functionality at the cost of a mechanical meter," said Chief Executive Officer Dr. John Heibel. "Coupled with Virtual AMI, our new AMI-as-service business model, Glen Canyon's NEXGEN will revolutionize the AMI marketplace," he adds.

Glen Canyon's NEXGEN olution requires only the purchase of low cost IEC (News - Alert) or ANSI/DOE compliant NEXGEN smart meters. There is no additional cost for creating the Wide Area Network (WAN) back haul infrastructure because Glen Canyon's end-to-end solution uses existing cellular or Ethernet (wired or fiber) networks. MDMS software acquisition and maintenance cost are eliminated because Glen Canyon's NEXGEN-Cloud software runs in the Cloud and is easily accessed by utilities through no cost web based applications.

For lowest initial cost solutions, Glen Canyon offers V-AMI, a revolutionary new service based business model for smart metering. In V-AMI there are no capital costs for NEXGEN smart meters, gateways, network or NEXGEN-Cloud software and applications. Instead, utilities pay a monthly fee per meter that is comparable to the cost of a manual meter read.

Founded by Silicon Valley utility industry entrepreneurs, the company's core team has deep roots in communications and semiconductor technology and their application to electric utility metering. They have successfully worked together over the past 20 years on some of the largest AMI developments in the world.

NEXGEN smart meters, gateways and NEXGEN-Cloud applications will be available at the end of Q1 2012. For information on NEXGEN products please contact sales@glencan.com.

About Glen Canyon Corporation

Glen Canyon Corporation enables electric utility customers to reduce capital and operating costs, improve revenue, and enhance customer service through innovative, economical AMR/AMI solutions. By taking advantage of the latest technological advances in microelectronics, standards-based internet conductivity, Cloud computing, and efficient manufacturing methods, Glen Canyon Corporation has re-imagined the smart electric meter and the Advanced Metering Infrastructure (AMI) that supports it. Based in Silicon Valley, Glen Canyon Corporation's Smart Meter solutions draw from the multi-decade utility industry experience and expertise of its founding members. For more information visit http://www.glencan.com

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