Joe,
Looks like you found yourself a winner. Not often is a company trading at a nickel and actually has products and potential. I like this news:
Greenland in Agreement with Symmetry Device Research to Provide Automated Meter Reading to Utilities
First Installations Likely in City of Richmond
SAN DIEGO--(BUSINESS WIRE)--April 7, 1998--Greenland Corp., (OTC:GLCP - news) announced Tuesday that it has joined Symmetry Device Research Inc. of Oakland, Calif., to provide its AirLink automated meter reading products and technology.
Greenland's AirLink is a wireless, fixed-network system that enables municipalities and utility companies to read meters and transmit the data to a central computer for use in collections, billing, and resource management.
It is a combination of digital hardware, radio transmission circuitry, and software. When attached to a meter, AirLink will read and store the data and transmit it back to a computer for use by the operator.
Symmetry is a licensed power marketer, broker and aggregator in the state of California and expects to be certified by the California Public Utilities Commission as a Meter Service Provider and Meter
Data Management Agent.
The company was founded in 1979 and specialized in power quality and energy management issues.
''Deregulation of California's electric utilities, and the expected deregulation in other states in the U.S. and abroad, has created significant opportunity for new technologies,'' said Eric Gaer,
Greenland's president and chief executive officer. ''Our relationship with Symmetry will enable us to participate in the deregulation process more directly due to Symmetry's value-added products and
services to municipalities and large industrial companies.''
''We are pleased to work together with Greenland,'' said Darwin Richards, president of Symmetry. 'Greenland's AirLink system allows us to provide the latest in information management technology
to our utility and industrial customers.''
''Our first project together,'' said Richards, ''will be installation of AirLink for the City of Richmond in northern California, a city of approximately 96,000. Upwards of 100,000 utility meters will ultimately be interconnected using the AirLink system.''
Greenland Corp. is a public company, located in San Diego, that has developed patent-pending wireless communication technology for use in automated meter reading for utilities, a market with vast possibilities.
The Company's AirLink system serves the information-gathering needs of utility companies, a multi-billion dollar market worldwide, where more than 600 million residential utility meters are installed to monitor the use of electricity, natural gas, and water.
Contact:
Greenland Corporation
Eric Gaer, 619/566-9604 |
