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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.
"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, Founder, Senior Vice President Strategic Development 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 Incorporated provides hardware, software and service solutions that deliver on the promise of Advanced Metering and Smart Grid to utilities and their customers including improved energy efficiency, grid reliability, lower operating cost, and integration of renewable energy resources. Since its original founding in 1985, Trilliant has been a leading innovator in the delivery and implementation of energy management systems, including advanced utility wireless data collection for residential and commercial customers, demand response, time-of-use billing, and critical peak pricing initiatives. Trilliant currently has more than 100 utility customers including Hydro One, the single-largest Smart Grid implementation in North America.
Trilliant, CellReader® and SerViewCom® are registered trademarks or trademarks of Trilliant Incorporated and/or its affiliated companies. All other third party marks mentioned herein may be trademarks of their respective owners.
Trilliant Contact
Media:
Tim Smith
Element Public Relations
415.350.3019
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