This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Atmel And Labelec SA (EDP) Sign Memorandum Of Understanding For Development Of PRIME-Compliant Smart Metering Solutions

AMSTERDAM, Oct. 10, 2012 /PRNewswire/ -- Metering Billing/CRM -- Atmel ® Corporation (NASDAQ: ATML), a leader in microcontroller and touch solutions, and Labelec SA, a subsidiary of Electricidade de Portugal (EDP), today announced the two companies have signed a Memorandum of Understanding (MoU) to develop smart grid solutions using the inter-operative powerline communication (PLC) standard powerline intelligent metering evolution (PRIME) standard.

(Logo:   http://photos.prnewswire.com/prnh/20120530/SF15228LOGO)

This MoU is the industry's first agreement between a distribution system operator (DSO) and technology provider for developing technology solutions using the PRIME standard.

"PRIME is a public, open and non-proprietary technology that is ideal for Portugal," said Miguel Ángel Sánchez Fornié, chairman, PRIME Alliance. "The collaboration between Atmel and Labelec SA will enable the successful roll-out of smart metering systems to this region and provide consumers the real-time, two-way capabilities demanded by the growing number of smart grid applications. We are delighted to see activities oriented to massive deployments that reinforce the use of a well proven technology."

Atmel and Labelec SA will collaborate on field tests and support to determine the best solutions using PLC PRIME technology for the Portuguese market prior to a mass smart grid roll-out in the short term. Portugal will potentially serve 7 million smart grid users.

"Atmel's experience in the smart metering market, specifically its pioneering work with PRIME technology, will ensure that we provide the most optimized solution for our smart metering customers," said Luís da Silva Carrilho, managing director, Labelec SA. "We will collaborate on a number of projects prior to a mass roll-out. We are excited to work on this effort with an industry-leading microcontroller company with such a depth of expertise."

"Teaming with one of the largest and most innovative utility companies for the Portuguese market makes this a particularly unique opportunity," said Jesús Teijeiro, marketing director, Smart Energy Power Line Communications, Atmel Corporation. " Portugal and Labelec SA are at the cutting edge of technological innovation in Europe, and we look forward to enabling cost-efficient, low-power smart meters throughout this region and to continued collaboration with Labelec."

About Atmel

Atmel Corporation (Nasdaq: ATML) is a worldwide leader in the design and manufacture of microcontrollers, capacitive touch solutions, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components. Leveraging one of the industry's broadest intellectual property (IP) technology portfolios, Atmel is able to provide the electronics industry with complete system solutions focused on industrial, consumer, communications, computing and automotive markets.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs