Major North Eastern Utility Signs Strategic Deal with SUBNET
SUBNET Solutions Inc. | April 16, 2010
Top 10 Fortune 500 utility signs Enterprise License and Development Participation Agreement with SUBNET.
SUBNET Solutions Inc. (SUBNET) announced today that it has signed a major Enterprise License Agreement and Development Participation Agreement with one of North America’s largest providers of electricity. This producer and transporter of energy manage over 6,000 miles of electric transmission lines with distribution assets in several states throughout the North East United States.
The Enterprise License Agreement will see SUBNET’s industry leading PowerSYSTEM Center™ (formerly EnterpriseSERVER.NET™) solution be deployed corporate-wide within the company. PowerSYSTEM Center provides utilities secure, centralized enterprise access to the vast amount of data contained in many intelligent grid monitoring devices including meters, relays, RTUs and others. The agreement also provides software licensing to enable the utility to expand their deployment of other products that make up SUBNET’s Unified Grid Intelligence suite: SubSTATION Server™, SubSTATION Explorer™ and PowerSYSTEM Server™.
The Development Participation Agreement formalizes how SUBNET and the utility will collaborate to expand the features of current solutions. This partnership will ensure SUBNET products are developed to meet the needs of industry while accelerating time to market. By letting SUBNET handle solution development, utilities can focus on their core business and not software development.
"SUBNET is very excited to be part of this partnership", says Ameen Hamdon, President of SUBNET. "This new relationship enables SUBNET to leverage the utility’s domain knowledge around power system operations and maintenance. This knowledge will be incorporated into SUBNET products for the benefit of all utilities by helping them meet and comply with current and future security and system security and reliability standards."
This latest agreement represents a significant investment in SUBNET technology and will help ensure the utility can deploy solutions today to meet current requirements as well as future needs. It is a major validation of the multi-vendor and multi-function integration capabilities provided by SUBNET’s Unified Grid Intelligence solutions.
SUBNET is currently working with other major North American utilities to sign several more enterprise license agreements in 2010.
SUBNET Solutions Inc. is a global software solutions provider for electrical utilities. SUBNET focuses on Making Substations More Intelligent®. Founded in 1992, SUBNET is an industry leader providing intelligent solutions that securely connect real time electrical utility field information with utility business systems to enable Smart Grid solutions. Over 200 utilities worldwide rely on SUBNET software to safely manage and monitor thousands of substations. Visit http://www.SUBNET.com for more information.
All product and company names listed are trademarks or trade names of their respective companies.
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Corporate Communications Director
SUBNET Solutions Inc.
Tel: +1 (403) 270-8885
Enterprise License Agreement
Development Participation Agreement