Louisville, CO, August 17, 2005
- Inovonics Wireless Corporation, a developer, manufacturer, and marketer of wireless products for security, submetering, and temperature applications, today reached a significant milestone in the wireless submetering industry by shipping its one millionth TapWatch® transmitter-the only company in the US market to accomplish such a feat.
The milestone was achieved only seven years after the Inovonics TapWatch system was introduced to the submetering market in 1998. Designed for use in the multifamily housing market, the TapWatch system has become the leading solution for wireless automatic meter reading.
"This milestone confirms the value and competitive advantage our customers gain from using an Inovonics TapWatch submetering system," said Andy Drenick, President of Inovonics Wireless. "This achievement not only speaks to our ability to produce millions of devices as a manufacturing company, but it also shows our product continues to be the one that the market demands."
Submetering has quickly become a preferred method for metering and billing utilities in the multifamily marketplace that reduces operating expenses while promoting conservation. The Inovonics TapWatch submetering system, which allows individual tenants to control their personal utility usage and pay only for what they use, is installed in thousands of multifamily properties across the nation.
"While TapWatch has proven itself as a low-cost, reliable product and remains a leading automatic meter reading solution, we have our dedicated TapWatch partners to thank for achieving this milestone," commented Mark Jarman, Vice President of Sales for Inovonics Wireless. "Sales will continue to grow as more property owners recognize the long-term cost savings that a submetering investment can provide."
Inovonics Wireless Corporation, an ISO 9001 certified company, pioneered the use of 900 MHz products in the security, submetering, and HVAC industries and has shipped almost four million RF devices in these markets. For more information, please contact Inovonics Wireless Corporation, 315 CTC Blvd., Louisville, CO 80027; call 800-782-2709; or visit www.inovonicswireless.com
About Inovonics Wireless Corporation
ISO 9001 certified Inovonics Wireless Corporation pioneered the use of 900 MHz products in the security, submetering, and HVAC industries and has shipped over three million RF devices in these markets. For more information, please contact Rita Sromek, Marketing Communications Manager, Inovonics Wireless Corporation, 315 CTC Blvd., Louisville, CO 80027; call 800-782-2709; or visit us at www.inovonicswireless.com