3One Networks Inc.

3One Networks Inc.

June 21, 2005 12:40 ET

3One Networks Inc.: North American Broadband Over Powerline Company Secures Commitment with China Worth Over $50 Million.

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 21, 2005) - 3One Networks Inc., a leader in Powerline Communications technology is conducting a beta deployment of its Power Grid Management Solution in China with one of the largest power companies in the world. Within the first two years following the successful completion of the beta deployment, 3One has commitments for additional systems in excess of $50 million (USD).

This groundbreaking deal was announced as part of a ceremony held June 18th in China by the Governor of Fujian and attended by the Party Secretary and 3One Management to recognize the equity investment of 3One Networks into Fujian Great Power PLC Equipment Co Ltd., 3One Networks' longtime technology partner. 3One's leading edge Grid Management Solutions allow power companies to increase energy efficiency through the real-time remote monitoring and control of power grids.

Along with Grid Management technology, 3One is a world leader in Broadband over Powerline (BPL) technology, having won the Geneva International Invention Award for its ability to deliver a strong reliable broadband access signal to every power outlet in a building. 3One's multi patented "In-Building Access" BPL technology is used by over 50,000 commercial building and residential customers worldwide. 3One Networks is a privately held company headquartered in Victoria, Canada.

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