ST. PETERSBURG, FL--(Marketwire - 11/23/10) - Infrax Systems, Inc., (OTC.BB:IFXY - News), a global provider of unified Smart Grid-related products and services for the Energy and Utility industries, announced today that it has entered into a Technical Information License Agreement with Itron, Inc, one of the largest smart grid meter manufacturers globally. At the conclusion of the qualification testing process, Infrax will have the ability to license the communications module to Itron, as well as sell the product as Itron compliant."Infrax selected Itron meters for the initial release of the Secure Network Interface Card due to their dominant position with the utilities we are working with," said Paul J. Aiello, CEO of Infrax. "Upon successful completion of our integration testing with Itron, utilities will have an option to extend the life of their existing AMR meters, and provide secure communications capabilities for both utility and home applications."The License Agreement grants Infrax the right to design their Secure Network Interface Card and communications module for inclusion in Itron Centron meters. Itron has also provided Infrax with development tools and technical documentation to aid in this development.The SNIC is the latest component announced for Infrax's Secure Intelligent Energy Platform. This next generation universal host interface board is an "under the glass" solution designed for use in any standards-based meter (Electric, Water, Gas). Based on a multiple processor design, the SNIC provides military grade encryption and wireless interface modules for HAN and WAN applications.About Infrax SystemsInfrax Systems offers a series of interrelated operational management, communications, and grid security related products and services known as Secure Intelligent Energy Platform (SIEP). Our products enable a comprehensive and unified solution for communications and applications management of the Smart Grid. SIEP™ incorporates a wide array of communications, security, device and data management tools for Smart Grid applications such as advanced metering solutions and grid optimization. SIEP platform creates a unified solution to securely manage Advanced Metering Infrastructure (AMI) and distribution automation. Infrax's secure smart grid platform incorporates a communications transport and management system, (Grid Mesh™), device and data security management, and ultimately secures intelligent endpoint devices (SIED). The secure management of the "last mile" backhaul will be necessary for utilities to implement Smart Grid applications including AMI, real-time pricing, Demand Side Management (DSM), Distribution Monitoring and Automation. When combined, these applications can offer economic, operational and environmental benefits for utilities, and ultimately the utility's customers.For INFRAX Systems information, contact Investors@Infraxinc.com or visit www.infraxinc.com.Forward-Looking StatementsThis press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
Infrax Systems, Inc.