Business
DIALIGHT announces supply agr
DIALIGHT announces supply agr.
About this update from Dialight Plc
[{"type":"text","content":"\n RNS Number : 0113A Dialight PLC 01 October 2009 \n\n\nDate: 1st October, 2009\n\n\nDIALIGHT Plc\n\nDIALIGHT announces supply agreement for 'smart grid' disconnect switch\n\nDialight 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'. \n\nThis 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.\n\nIn 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. \n\nDialight 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.'\n Company Contact:\nRoy Burton - Chief Executive\nCathy Buckley - Finance Director\nDialight plc\nTel: 01480 447490\n\nMedia / Investor Contact: \nRobert Speed/Kirsten Molyneux\nKreab Gavin Anderson\nTel: 020 7074 1800\nEmail: [email protected]\n\nNotes to Editors\nAbout Dialight PLC\n\nDialight 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.\n\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCKGGFLVGMGLZM \n ","length":4827,"tagName":"div"}]