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ESCO Announces Selection By SoCalGas For AMI Technology Deployment

Stocks in this article: ESE

ST. LOUIS, May 23, 2011 /PRNewswire/ -- ESCO Technologies Inc. (NYSE: ESE) today announced that Aclara® has signed a contract with Southern California Gas Co. (SoCalGas), a Sempra Energy subsidiary, to deploy its advanced metering infrastructure (AMI) solution and utility data management software system-wide. SoCalGas has announced its plans to deploy Aclara's integrated hardware, software and network architecture solution to approximately six million residential and most commercial natural gas customers throughout its service territory.

Consistent with Aclara's past and present AMI contracts, most equipment required by SoCalGas will be ordered through formal purchase orders released under the contract.

The AMI project was approved by the California Public Utility Commission (CPUC) in April 2010. The signed contract, which requires final approval, is expected to be submitted to the CPUC in the next few weeks.

When completed, SoCalGas' AMI deployment will represent North America's only fully integrated meter-to-consumer AMI system used by a natural gas-only utility. This system will provide operational efficiencies to the utility, while engaging consumers to fully understand their natural gas consumption and related conservation opportunities.

Vic Richey, Chairman and Chief Executive Officer, commented, "Our proven AMI solutions and our extensive experience with successful, large-scale deployments make Aclara uniquely qualified to support SoCalGas in its efforts to improve operational efficiency and customer service, while proactively educating consumers on the benefits of reducing energy consumption.

"From a timing perspective, we don't expect any revenues during the balance of fiscal 2011. We expect the project to begin in fiscal 2012 with SoCalGas building out the AMI network infrastructure and installing Aclara's meter data management software, both of which are not high-dollar revenue contributors. The significant revenue ramp up on this project is expected in fiscal 2013 as the high volume AMI metering devices are installed, which is expected to drive significant revenues for Aclara in 2013."

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