NEW YORK, NY--(Marketwire -01/11/12)- Shares of several companies focused on smart meters struggled in 2011 as much of the stimulus money that drove smart meter deployment in the U.S. came to a close, slowing growth in the sector. "It may continue to be a difficult year in terms of fundamentals, but that's priced into the smart meter guys," Ben Schuman, analyst at Pacific Crest told The Street. Five Star Equities examines investing opportunities in the Scientific & Technical Instrument industry and provides equity research on POWRtech International Corporation (OTC.BB: POWT.OB - 新聞) and Itron, Inc. (NASDAQ: ITRI - 新聞). Access to the full company reports can be found at:
Internationally, Shuman argues that smart meter adoption is poised for growth. This sentiment is echoed by IHS Market Research, which predicts that global shipments of smart meters are expected to triple from 2011 to 2016. By 2016, IHS believes that the industry will ship 62 million meters. According to IHS, the jump in smart meter sales will also benefit the semiconductor industry. IHS believes that global sales of semiconductors used in these smart meters could grow to $1.1 billion in 2016, up from $505.6 million in 2011.
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Itron, Inc. is a technology company, offering end-to-end smart metering solutions to electric, natural gas, and water utilities around the world. Last week the company acquired C&N Engineering's GasGate technology to augment its gas solutions by adding remote gas shut-off capabilities to its product portfolio.
POWRtec International Corp. develops, produces, and sells intelligent electrical meters. POWRTtech argues that its intelligent Smart Meters "allow for the consumer to remotely control power draining devices, such as air conditioners, turning them on and off from virtually any location, reducing energy waste significantly and thus entailing remarkable savings on the utility bill." The company offers meters, which are network-enabled and can be built to utilize virtually any communications protocol. Earlier this month the company signed a contract with Danish Utility giant, DONG Energy, securing the delivery of 50,000 of its Smart Read Meters.
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POWRtec is a dynamic and unique energy monitoring company with the potential to dominate the smart meter industry with its innovative intelligent smart meters. POWRtec's meters are network-enabled and can be built to utilize virtually any communications protocol. This empowers the intelligent smart meters to directly control network enabled, power-draining devices by switching them on and off in accordance with the desired energy output, resulting in more efficient use of resources, smaller energy bills and enormous benefits to the environment. POWRtec's products can directly reduce the amount of energy waste and make a meaningful difference to the environment.
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This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements; projected events in this press release may not occur due to unforeseen circumstances, various factors, and other risks identified in a company's annual report on Form 10-K and other filings made by such company.
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