SOURCE: Hunt Technologies

September 11, 2006 08:00 ET

Hunt Technologies Acquires StatSignal Systems, Inc., Adding Two-Way Dynamic RF Mesh to Its AMI Product Portfolio

PEQUOT LAKES, MN -- (MARKET WIRE) -- September 11, 2006 -- Hunt Technologies, Inc., a global supplier of AMI (advanced metering infrastructure) solutions that help improve energy efficiency, customer service, and quality, announced today that it has acquired the Atlanta-based company StatSignal Systems, Inc. The acquisition further increases Hunt's advanced metering possibilities for all utilities by adding a true two-way, dynamic RF mesh network solution to its portfolio.

The new dynamic RF mesh technology, with its impressive benefits, including self-initializing and self-healing devices, high system performance and reliability, and system scalability and accessibility, will further be enhanced by the complete integration into Hunt's powerful Command Center™ operating system. This integration will be an industry first, utilizing a single platform to provide seamless data acquisition and control functions for both two-way RF mesh and power line carrier (PLC) technologies.

"In our continued pursuit to provide the utility industry a comprehensive AMI solution that provides100 percent coverage and functionality," said Hunt CEO Todd Headlee, "the acquisition and complete integration of StatSignal's true two-way dynamic RF mesh solution with our existing power line carrier technologies will further enhance utility options for flexible advanced metering and energy-efficiency applications."

"The StatSignal team is excited to be joining such a successful and forward-thinking company as Hunt Technologies, Inc. The combination of RF mesh and PLC technologies integrated under a single software platform [Command Center] provides a powerful solution with endless possibilities for our dynamically changing marketplace," said Gina Garner, Director of Marketing & Client Delivery Operations for StatSignal Systems, Inc.

The StatSignal system is a patented RF mesh solution offering many advantages over historical RF fixed network-based systems. Because it operates in the unlicensed frequency band, provides multiple network configuration options and operates without endpoint programming, the system deploys rapidly and more cost-efficiently. StatSignal's two-way, dynamic RF mesh creates a continuously adaptive, robust and intelligent data acquisition and control system, enabling more data flow and timely data access at a lower overall cost than competitive systems.

Cameron O'Reilly, Managing Director of the Bayard Group, which owns Hunt Technologies, said the acquisition fits Bayard's overall strategy of market leadership in the energy measurement and efficiency technologies sectors.

"This technology is a good fit with our ongoing development strategy," O'Reilly said. "It will complement and further enhance our advanced metering capabilities."

With the acquisition of StatSignal's dynamic RF mesh technology and Hunt's current technologies (TS1 and TS2 power line carrier and AirPoint RF-based meter monitoring solutions), utilities have solution options for either a two-way AMI solution or a one-way AMR (automatic meter reading) system. Combined with the broadest meter platform compatibility and a single operating software platform, these solutions offer excellent return on investment and total flexibility when deployed separately or in blended systems that provide utilities even greater means to increase energy, operational and infrastructure efficiencies.

About Hunt Technologies, Inc.

Hunt Technologies uses innovative technology to provide the widest range of options for utilities seeking AMI (advanced metering infrastructure) solutions. Hunt provides power line carrier and RF-technology for monitoring electric, water and gas meters. Based in central Minnesota, Hunt develops and supports hardware and software for nearly 500 customers worldwide. For more information on Hunt Technologies, visit

About StatSignal Systems, Inc.

Atlanta, Georgia-based StatSignal Systems, Inc., was formed in 1994 to research methods for acquiring Data From Every Source The Mind Can Imagine™ via a patented and scalable two-way RF mesh total system solution. The solution leverages unlicensed LAN and public WAN infrastructure, combined with the power and simplicity of Internet access, and is engineered specifically to meet the emerging AMI multi-utility market cost and feature demands.

About Bayard Group

Since its establishment in 2002, Bayard has committed over $375 million to the energy measurement and efficiency sector. Bayard's combined investments have an annual revenue base already in excess of $650 million with operations in 27 countries. Bayard is dedicated to investing in areas such as smart metering that can contribute to better environmental outcomes.

Contact Information

    Dan Jacobson
    Hunt Technologies, Inc.
    (218) 562-5195
    Email Contact