Friday February 23, 4:19 pm Eastern Time
Press Release
SOURCE: MSU Corporation
MSU Corporation and uData Net Corporation Join Forces for Turn-Key Utility Solution
DALLAS, TX, Feb. 23 /PRNewswire/ - MSU Corporation (OTC Bulletin Board: MUCP.OB news), the developer and distributor of Internet Access Devices, today announced that it has formed a strategic marketing alliance with uData Net Corporation of Ft. Worth, Texas, a provider of wireless data collection devices to the utility market.
In this strategic alliance, uData Net will provide its meter reading hardware and software, with MSU providing its next generation Internet Access Device to communicate the captured data to the respective utility. uData Net will be responsible for the sale of the system.
``The teaming of our two technologies will enable uData Net to provide a complete, end-to-end, turn-key solution for remote meter reading to its utility industry clients,'' said D. Bruce Walter, President and CEO of MSU. He went on to say, ``This alliance is an important step in the growth cycle of MSU as it represents not only a utility industry technology breakthrough with a significant revenue opportunity, but also a further expansion of our vertical market strategy.''
Lindsey Vinson, President of uData Net, commented, ``MSU's next generation Internet Access Device technology enables uData Net to approach the utility market with a very affordable remote meter reading solution that empowers the utility to provide a value-adding device to the homeowner. It compliments uData Net's existing wireless offering, as well as provides the utility with a platform that can accommodate additional energy and cost saving functionality. We are excited about the development of their product, and we believe there is a real market for it.''
About MSU Corporation:
MSU Corporation (www.msucorp.com/) designs, sells and manufactures low- cost Internet Access Devices that are sold for less than $200. The Company's products feature web browsing and e-mail capabilities and, together with their wireless keyboard, they provide access to the World Wide Web for anyone who has access to a telephone line. MSU Internet Access Devices are manufactured under contract by Flextronics. For information contact D. Bruce Walter at 972- 473-6917, fax at 972-473-7805, or e-mail dbwalter@msucorp.com.
About uData Net Corporation:
uData Net Corporation (www.udatanet.com) was founded in 1999, with a history dating back to 1990, providing products and systems to collect metering data for utilities. uData Net designs, manufactures, and markets specialized functional and historical data collection devices utilized in a variety of industries. The Company produces over forty versions of its optical probe technology designed to support most major meters currently in use. Focused on the effective and efficient use of RF technologies combined with custom monitoring devices of functional data, uData Net continues to offer innovative solutions in the world of data collection. uData Net Corporation is headquartered at 5001 N. Freeway, Suite C, Ft. Worth, TX 76106. For additional information about uData Net Corp. products and services, contact uData Net at 817-624-5601, fax at 817-624-5602, e-mail at lv@udatanet.com.
MSU Disclaimer:
Certain information included herein and on other Company statements, reports and SEC filings is forward-looking within the meaning of the Private Securities and Litigation Reform Act of 1995, including, but not limited to, statements concerning anticipated operating results, financial resources, marketing, growth and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein and in other Company statements, reports, and SEC filings.
SOURCE: MSU Corporation |
