Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : GI/TSE GDI Global Data Inc. (Formerly TC/TSE) -- Ignore unavailable to you. Want to Upgrade?

To: THE DON who wrote (20)	8/31/2000 3:44:40 PM
From: Michel Miron	Read Replies (1) \| Respond to of 23

Thursday August 31, 8:02 am Eastern Time Press Release SOURCE: GDI Global Data Inc. Global Data Selected as Ongoing Provider of Automatic Meter Reading (AMR) Solutions to Texas Utilities Toronto Stock Exchange Symbol: GI - Initial orders for 250 units received after trial program successfully completed - TORONTO, Aug. 31 /PRNewswire/ - GDI Global Data Inc. (Global Data) (TSE: GI - news), a leading provider of end-to-end remote communications solutions to commercial and industrial markets, today announced it has received an initial order from Texas Utilities (NYSE: TXU - news) for 250 units after having been selected as an ongoing provider of commercial and industrial automatic meter reading (AMR) solutions. ``We are pleased that, in this rapidly deregulating market here utility providers are looking for leading-edge communications solutions, Texas Utilities has selected Global Data as an ongoing AMR solutions provider,'' said Lawrence E. Davis, Global Data's President and Chief Executive Officer. ``The adoption of our AMR solutions by one of the world's largest investor-owned utilities further validates the growing demand for telemetry solutions in the deregulating electric utility industry,'' added Davis. ``We are proud to have exceeded the highest standards of quality and reliability required by Texas Utilities, demonstrating that our AMR solutions are able to access meter data in geographically remote locations not accessible by other competing technologies,'' added Davis. Texas Utilities is one of more than 135 North American utility companies currently using Global Data's wireless data products. About Texas Utilities Corporation (www.txu.com) TXU is a multinational leader in electric and natural gas services, merchant trading, energy marketing, telecommunications and other energy- related services. TXU is one of the largest investor-owned energy services companies in the world with more than $17.1 billion in revenue and more than $40 billion of assets. TXU has 30,000 megawatts of power generation and sells 142 terawatt hours of electricity and 2 trillion cubic feet of natural gas annually. TXU delivers energy to 11 million customers primarily in Texas, the United Kingdom and continental Europe and Australia. About Global Data (www.globaldata.com) Headquartered in Toronto, Ontario with operations in Signal Hill, CA and Amherst, NH, Global Data designs, develops, manufactures, markets and supports remote communications solutions for commercial and industrial markets. The Company's communications solutions include wireless, wireline and mobile computing devices supported by a national wireless data service and are most commonly found in markets characterized by extreme temperature and/or humidity, rugged usage and severe electrostatic discharge. These statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those contemplated by the forward-looking statements. SOURCE: GDI Global Data Inc.