Proximetry Wins European Union Grant to Build Next-Gen Smart Grid System

SAN DIEGO, CA--(Marketwire - Sep 7, 2011) - Proximetry, a global leader in wireless network and performance management software, announced today that it has been awarded a second grant to build upon its innovative AirSync™ network management system. The new grant, awarded by the Polish Agency for Enterprise Development (PAED), will focus on a next-generation smart grid version of AirSync™.

"We are incredibly honored to be chosen by PAED, which administers European Union grants, and excited about the opportunity to further accelerate the transformation of the energy infrastructure in Europe and the rest of the world," said Proximetry CEO Tracy Trent.

The PAED grant brings Proximetry's total R&D investment in AirSync™-based solutions from EU agencies like PAED, Eureka, FP7-Seventh Framework Programme, and the company's own matching funds to over US$5 million.

"This grant will increase our ability to deliver richer functionality from our five year roadmap to the energy market sooner," said Proximetry Executive Vice President and Chief Strategy Officer Andres Carvallo. "It is a true honor to be chosen by the European Union to play a key role in their energy infrastructure development."

AirSync™, with over 200 deployed customers worldwide, has already been chosen by several electric utilities in the U.S., Mexico, and Asia as their preferred network management system. AirSync™ is Proximetry's carrier-class software solution for today's increasingly complex wireless eco-systems, bringing greater predictability to mission-critical traffic while traversing today's "multi-multi" wireless networks. Proximetry is a proud member of Cisco Systems' connected energy eco-system.

About Proximetry
Proximetry is a leading global wireless network and performance management solutions provider for the energy, public safety, telecommunications, and transportation industries, with customers in the United States, Latin America, Europe, and Asia. Proximetry enables wireless operators across multiple industries to easily and seamlessly visualize, provision, and optimally manage their multi-network, multi-frequency, and multi-protocol infrastructure, resulting in lower network operating costs, higher revenues via new powerful service offerings and higher customer satisfaction. AirSync™, the company's carrier-class software system, allows state of the art dynamic monitoring, control, and management of wireless networks from a single network operations center. AirSync™ supports 4G LTE, WiMAX, Wi-Fi, 3G and multiple flavors of RF-Mesh networking technologies. Founded in 2005, Proximetry is privately held, headquartered in San Diego, California, and backed by Munich Venture Partners, Aeris Capital, Investec and Rembrandt Venture Partners. For more information, please visit www.proximetry.com.