WHIPPANY, NJ/ATLANTA--(BUSINESS WIRE)--Oct. 29, 1998--Comverge
Technologies Inc., a subsidiary of DSSI (Nasdaq: DSSI) and GTE Wireless, part of GTE
Corp. (NYSE: GTE), today announced an agreement to co-market an innovative energy
management solution to the rapidly deregulating utilities industry.
Under the agreement, Comverge will deploy its recently introduced CDC (Comverge
Distributed Connection) solution for electric, gas and water industries using GTE's wireless
packet data technology. Through the joint efforts of GTE and Comverge, utility companies will
benefit from automated meter reading, better energy management, home automation and
environmental monitoring.
"By working with Comverge, GTE can offer utility customers state-of-the-art business
advantages such as remote meter reading, improved detection and response to power or water
outages, better energy management and other new features," said Mike Pawlowski, GTE
Wireless director of business marketing. "This is a partnership that will bring true innovation to
the utility marketplace."
"The current trends toward deregulation and increased competition are driving utilities to seek
new and innovative means of improving their communication and information systems," said
Frank Magnotti, president of Comverge Technologies. "The agreement between Comverge
and GTE will help these companies reduce costs and improve operating efficiencies. We feel
there is a very strong and growing market for this unique combination of Comverge hardware
and software and GTE's wireless packet data."
GTE's wireless packet data service provides fast, reliable and cost effective data access from
locations in which conventional communications may not be easily accessible.
GTE Wireless provides wireless, voice, paging and data telecommunications services to more
than 4.5 million customers in 17 states. GTE Wireless is a part of GTE Corp. (NYSE: GTE).
With 1997 revenues of more than $23 billion, GTE is one of the world's largest
telecommunications companies and a leading provider of integrated telecommunications
services.
Comverge Technologies, a global subsidiary of Data Systems and Software Inc.
(Nasdaq:DSSI) is a provider of end-to-end, two-way communication solutions for
energy-related data, home automation, environmental monitoring and distributed generation
monitoring. Their open-architecture solutions work with a variety of wide-area networks
including CDPD, cable TV, telephone and personal communication services (PCS). Comverge
has deployed systems in the United States, Venezuela, Argentina, Israel and Mexico.
Comverge's U.S.-based operations are headquartered in Whippany, N.J. International
operations are based in Israel. For additional information, please visit the Comverge website at
www.comverge-tech.com. |
