Dallas, TX /PRNewswire/ - TransData Inc., a leading developer and manufacturer of advanced metering infrastructure (AMI) systems and related products for electric utilities, announced today that it has licensed its wireless "Smart Meter Patents," to M2M Engineering, LLC. The financial terms of the licensing agreement, which includes TransData's U.S. Patent Nos. 6,181,294; 6,462,713; and 6,903,699, are confidential.
Today's announcement marks the fourth license agreement generated by TransData's Smart Meter Patent portfolio, which covers technology TransData first invented and deployed in the mid-1990s. TransData's Smart Meter Patents are directed towards equipping a digital electric meter with an internal "under-glass" wireless communication circuit and antenna that enables the electric meter circuitry within the meter to communicate wirelessly. Digital electric meters incorporating TransData's patented technology are commonly referred to today as "smart meters."
"We are extremely pleased to have signed yet another license agreement for our Smart Meter Patents, and appreciate the fact that M2M Engineering voluntarily approached TransData to license our patents," said Trace Gleibs, President of TransData. "This most recent agreement further demonstrates the significance of this technology to the manufacture and operation of wirelessly communicating smart electric meters."
Attorneys Jamie McDole at Haynes and Boone, LLP, and Greg Parker at Hitt Gaines, P.C., represented TransData in the licensing deal.
In business for 45 years, TransData is a technology-based company specializing in the design and manufacture of advanced solid-state energy meters and related products that enable its global client base to more efficiently measure, monitor and control the flow of power and energy variables on the smart grid. Founded in 1969, TransData is a privately-held, woman-owned business with headquarters in Dallas, serving over 2,000 customers in more than 25 countries worldwide, including most of the top 50 largest U.S. electric utilities. More information on TransData can be found at www.transdatainc.com. TransData is a registered trademark of TransData Inc.
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SOURCE: TransData Inc.Copyright 2014 PR Newswire. All Rights Reserved