SOURCE: PayGo

PayGo PayGo

November 12, 2012 08:00 ET

PayGo, ELO to Bring Unique Energy Payment Solutions to Latin America

Customers to Benefit From New Payment Options and Reduced Energy Usage

ALPHARETTA, GA and SAO PAULO, BRAZIL--(Marketwire - Nov 12, 2012) - PayGo announced today a partnership with ELO Sistemas Electronicas, the leading electronic metering provider in Brazil, to bring PayGo smart meter applications to customers in 16 Latin American countries. The deal combines ELO's leadership position in smart metering solutions with PayGo's patent-pending, smart meter-based applications as well as its cloud-based customer enrollment and payment systems.

The agreement will integrate the PayGo platform with ELO smart meters to help Latin American utility customers increase their ability to manage when, where, and how they pay for energy as well as help them to reduce their energy spend. The companies will deliver prepayment and post payment customer to cash services to ELO customers. PayGo's unique prepayment technology can be provided as an application in the smart meter to deliver bill calculations and customer notifications as required in the ANEEL specifications.

"Latin American utilities are about to begin the wholesale adoption of smart meter technologies with the installation of a large number of smart meters in Brazil," said Marcos Rizzo, ELO vice president of business development. "ELO will be the first supplier in the region to incorporate PayGo's 'real-time' technology in the meter which validates our vision to be an energy industry platform for the next generation smart grid. Utilities will benefit by reduced operational costs and the ability to provide additional customer services, which results in increased customer satisfaction."

The two companies are now integrating ELO smart meter portfolio with the PayGo applications and technology. The ELO electronic meter combined with the PayGo applications will be made available to existing and future ELO Advanced Metering Infrastructure (AMI) partners. The joint effort covers Brazil and 15 other Latin American countries where ELO has a leading market presence.

"ELO is the leading metering provider in Brazil and is well-positioned for growth in Latin America," said David Elve, Chief Marketing Officer for PayGo. "This partnership builds on PayGo's success in serving some of the largest utilities in North America, while sharpening our focus on the global opportunities. PayGo's 'real time' accuracy and integrated payment processing suite uniquely supports utilities and their customers."

About ELO Sistemas Eletrônicos 
Founded in 1980, ELO Sistemas Eletrônicos is a leading metering provider for the Latin America market. With offices in Brazil and Chile, ELO is recognized as a key supplier of quality electronic equipment and systems to the Brazilian and Latin American electricity supply market. ELO provides integrated product and system packages to utilities to automate processes, such as the collection and treatment of metering data. ELO is a recognized leader and innovator in the Brazilian energy market. More information about ELO can be found at http://www.elonet.com.br

About PayGo™
PayGo is an integrated utility payments provider that enables the rapid provisioning of smart grid applications including pay-as-you-go electric service and mobile payments for utilities and their customers. PayGo's mission is one that couples sustainability with quantifiable, sustained cost savings for utilities and control for their consumers. More information is available at the company's website, www.paygoelectric.com.

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