SAN JOSE, Calif., Jan. 15, 2013 /PRNewswire/ -- Atmel ® Corporation (NASDAQ: ATML), a leader in microcontroller and touch solutions, and Wasion Group, a leading supplier of advanced energy metering products and solutions, today announced the two companies have signed a memorandum of understanding (MoU) to develop smart electricity meters and data concentrators utilizing highly integrated power line communication (PLC) solutions developed by Atmel.
According to market research firm Pike Research, 17.9 million smart meters have been deployed since Q2 2012, with China as the largest driver*. The joint development between Atmel and Wasion will help drive adoption of standards-compliant smart metering solutions in worldwide markets based on field-proven and cost-effective PRIME narrowband PLC technology.
"Working with a leading supplier like Atmel who has in-depth understanding of smart metering technologies will enable us to bring electricity meter and data concentrator solutions to market more rapidly," said Wang Xuexin, General Manager of Overseas Division, Wasion Group. "Through our collaboration, we will be able to accelerate development, field testing and roll-out of smart metering solutions."Atmel and Wasion Group will collaborate on product developments based on the Atmel ATPL210, ATPL220 and recently announced SAM4SP32A, the world's first single-chip PRIME compliant system-on-chip solution based on an ARM® Cortex™-M4 processor-based microcontroller (MCU) core with 2MB of Flash memory, supported by Atmel Studio 6 integrated development platform (IDP). "We greatly appreciate Wasion Group's decision to select Atmel as their partner and believe our mutual efforts will ultimately help utilities achieve their energy and environmental policy goals," said Kourosh Boutorabi, Sr. Director of Smart Energy, Atmel Corporation. " China is the fastest growing market for smart meters with some of the most demanding requirements and specifications. We are pleased to have an opportunity to meet these challenges through our close collaboration with Wasion Group." More Information: Atmel PLC Solutions: http://www.atmel.com/products/other/power_line_communications/default.aspx Atmel Blog: http://atmelcorporation.wordpress.com Atmel YouTube Channel: www.atmel.com/youtube Twitter: www.atmel.com/twitter LinkedIn: www.atmel.com/linkedin Facebook: www.atmel.com/facebook 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, power line communications (PLC) 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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV