Trilliant and OZZ Energy Services Merge Operations
Now Foremost Provider of AMI Solutions and Services Needed to Support AMI Transformation Underway Within Utility Industry
Redwood City, California and Concord, Ontario, October 1, 2007 – Trilliant Incorporated, the industry's leading provider of advanced metering infrastructure (AMI) based on open standards, and OZZ Corporation, a leading provider of metering and energy management services to North American electric and gas utility markets, today announced completion of an agreement to merge operations. The new unified business, Trilliant Incorporated, will provide utilities with comprehensive solutions and services supporting advance metering, demand response and grid management programs. In combination with the transaction to merge with Trilliant, OZZ Corporation also announced it has sold its Comfort Solutions business to Alinda Capital Partners LLC, providing for a sole focus on utility advanced metering solutions and services.
The combined company, headquartered in Redwood City, California, has more than 350 employees with major facilities in Concord, Ontario and Granby, Quebec and more than 3 million meters under contract. A veteran management team of Trilliant and OZZ Corporation executives, including Bill Vogel, president and CEO; Paul Begin, CFO; Geoff Williamson, CMO; and Brian Pollom, vice president of customer programs, will continue to provide leadership for the newly formed company.
"OZZ Corporation has enjoyed a long history with Trilliant, both as a partner and an investor," said Steven Muzzo, executive chairman of the board for Trilliant and former CEO and chairman of OZZ Corporation. "Under the strong leadership of the new executive team Trilliant is set to deliver increased value for customers and shareholders."
"The utility industry is transforming mission-critical processes associated with energy services, adapting to an increasingly constrained market while implementing support for the green economy," said Bill Vogel, president and CEO of Trilliant. "These transformation initiatives require infrastructure technology as well as expertise ranging from outsourcing of revenue-cycle services to network and meter installation, systems implementation and program management. This merger builds on the company's legacy as a trusted business partner for utilities while continuing support for open standards and choice demanded by the market."
About Trilliant
Trilliant is an industry-leading provider of advanced metering infrastructure (AMI), demand response, and grid management solutions in addition to installation, program management and meter revenue cycle services. With more than 20 years experience delivering meter communications solutions, the company is focused on enabling choice for utilities from meter, network and IT infrastructures to full or hybrid outsource models involving metering services, submetering, AMI system management and data management services. Trilliant has more than 100 utility customers including Duke Energy, E.ON US (Louisville Gas & Electric), Hydro One, Hydro Quebec, Milton Hydro, Northeast Utilities, OneOK, PowerStream, Public Service Electric & Gas, San Diego Gas & Electric, Toronto Hydro Electric System Ltd., and Union Gas. The Company is privately owned. For more information: www.trilliantinc.com.
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Trilliant Contacts
Media:
Paul Karr
Trilliant Incorporated
650.204.5081
Investors:
Paul Begin
Trilliant Incorporated
905.326.2019
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