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Symstream Technology Group reportedly has partnered with Machine2Machine Interactive Intelligence Inc., or M2Mi3.

 

M2Mi3, an M2M technology enabler and provider in the Asia Pacific region will deploy Symstream (News - Alert)-enabled smart meters to the Philippines metering market.

 

Ideal for companies ready to change according to the new business environment, the new Symstream-enabled smart meter will help electric utilities companies install the meters in residential homes in Philippines.

 

The company is also offering choice to the companies: they can choose between a postpaid meter, which can remotely read the electricity usage for residents' bills or purchase a prepaid meter allowing customers to pay as they go.

 

A postpaid meter communicates with the meter data management back-end through Symstream's GSM technology. Because the voice channel is widely used in the Philippines, data connectivity is available wherever local GSM operators work.

 

Both partners intend to deploy the smart meter in 5 million homes in the first year of the rollout. They have ambitious plans for the future and hope that the smart meter will be in approximately 30 million homes in the next three years.

 

Mark Telkes, Symstream’s vice president of the Asia Pacific region noted that they are now applying their popular managed wireless technology to the Automated Meter Reading market.

 

The company hopes to tap this new vertical market and is confident that Symstream-enabled smart meters will reduce overhead cost and provide accurate real-time meter reading. Telkes said that these meters will also allow corporations to better monitor, plan, report and budget for their power requirements.

 

Ariel R. Dela Cruz, chairman and CEO of M2Mi3, said that this mutually beneficial strategic partnership between M2Mi3 and Symstream allows both partners to focus on their respective strengths while delivering a superior and seamless solution to customers.

 

This solution will be popular as it gives a more affordable alternative to expensive human meter readers. They can serve hard-to-access areas and meters implemented in these regions can be remotely read for safety or commercial reasons.

 

“We believe that these advantages will ensure we continue providing the highest quality of service to existing and potential customers throughout the Philippines,” Cruz said.