Business Wire

mPrest and Vector, New Zealand's Largest Power Utility, Sign Contract to Bring “Internet of Energy” to Over a Million Customers

4.5.2017 13:22 | Business Wire

Del

mPrest, a global provider of mission-critical ‘Internet of Energy’ software, today announced that its Distributed Energy Resource Management product – mDERMS, will be deployed in Vector's intelligent grid. Vector is New Zealand’s leading multi-network infrastructure company, which distributes energy and communication services to over 1.2 million homes and businesses. mDERMS will enable Vector to improve operational efficiencies and in time, offer new services to its customers such as: home energy optimization, choice of clean energy, grid contribution and energy trading.

“This project represents a new level of software control for the power utility sector,” said mPrest Chief Commercial Officer Ron Halpern. “mPrest will bring all of Vector’s distributed energy resources (DERs) together, yielding a single situational overview while providing maximal utilization of these distributed resources. This new level of control will allow Vector to make progress towards its goal of expanding access to participative energy markets for its customers, save CAPEX and OPEX in developing its digital power grid, and improve services and create new offerings to its customers.”

The mDERMS platform will unify Vector’s varied energy resources including solar photovoltaic systems, next generation storage and demand response onto a single distributed command and control system. mPrest will also integrate Vector’s internal operations platforms, including GIS, distribution automation and asset health management onto a single information technology (IT) and operational technology (OT) integrated system for control and maximum efficiency, cost and risk reduction for Vector, while increasing choice and reducing energy bills for its customers.

Vector Chief Executive Simon Mackenzie said the company is focused on creating a new energy future for its customers and the mDERMS platform is another step toward that.

“It is the most comprehensive monitoring, analytical and control system available anywhere in the world. We have worked with mPrest to trial it and we are now moving to full implementation. In addition, we will jointly develop the system not only for our customers but others,” Mr Mackenzie said.

“You can think of it as a system of systems. The software sits over customer, market, and network systems managing performance in real time. Through self-learning, it is able to assess and predict multiple factors including loads, market dynamics, storage, customer demand and capacity. This greatly enhances the resilience, security and efficiency of customer solutions and our network.”

With the evolution of the smart home creating new opportunities for intelligent energy use, customers are expecting more choice from their providers and the capability to have more control over the way they store and use energy. With the help of the new mDERMS platform, Vector is democratizing the smart grid by making energy generation and even participation in energy markets accessible to all its customers.

“mPrest’s revolutionary software increases a utility’s efficiency, productivity and response times. Our products create significant advantages and differentiators for our customers and we look forward to building this bright new energy future together with Vector,” said mPrest Chief Executive Officer Natan Barak.

About mPrest

mPrest is a global provider of mission-critical monitoring, control and big data analytics software. Leveraging vast field-proven Industrial IoT experience, mPrest's integrative system of systems is deployed in diverse sectors including utilities, critical infrastructure protection and defense. mPrest excels at connecting the dots across multiple disciplines and departments – delivering unified situational awareness, sophisticated analytics, and end to end IT/OT integration and process management. In the defense sector, mPrest is the software provider for the legendary Iron Dome anti-missile system. mPrest’s leadership in the “Internet of Energy” recently received further confirmation with the announced partnership with the New York Power Authority (NYPA) where mPrest is being used to manage transformer asset health throughout the grid. For more information on mPrest, visit www.mprest.com.

About Vector Limited

Vector is New Zealand’s leading multi-network infrastructure company which delivers energy and communication services to more than one million homes and businesses. The company owns and manages a unique portfolio which consists of electricity and gas distribution, electricity and gas metering and data management services, natural gas and LPG and fibre optic networks. Vector is listed on the New Zealand Stock Exchange with ticker symbol VCT. For further information, visit www.vector.co.nz.

Contact information

mPrest
Josh Garrett, 646-957-5371
mprest@antennagroup.com

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

The Valence Group Issues Fairness Opinion to SK Capital in Connection with Archroma18.8.2017 13:30Pressemelding

The Valence Group has provided a fairness opinion to SK Capital Partners, LP in connection with its recapitalization of Archroma, including investments made by various affiliates of SK Capital. Terms of the transaction were not disclosed. About SK Capital SK Capital is a private investment firm focused on the specialty materials, chemicals and pharmaceutical sectors. The firm builds strong and growing businesses that generate substantial long-term value for its investors. SK Capital utilizes its industry, operating and investment experience to identify opportunities to transform businesses into higher performing companies with improved strategic positioning, growth, profitability and risk profiles. The firm currently has approximately $1.9 billion of assets under management and its portfolio companies generate revenues of over $5.0 billion annually and employ approximat

Biker Summer 2017 campaign: What’s happening during Biker Summer 2017? Moto-tyres.co.uk is giving away exciting prizes!18.8.2017 09:22Pressemelding

Whether it’s a short weekend break or a long-distance tour – once again this year Moto-tyres.co.uk is asking bikers from 10 countries about their dream destinations and longest journeys as part of its “Biker Summer 2017” campaign. To ensure than nothing gets in the way of your next tour, the two-wheeler tyre store from Delticom, Europe’s leading online tyre dealer, is entering anyone who completes the survey before 30 September 2017 into a prize draw to win some great biking accessories. Simply answer three short questions about your plans for bike tours this year (don’t forget to provide your name and email address), and with a bit of luck, you might win one of these great prizes. Up for grabs are a GARMIN motorbike GPS system, a GoPro camera with helmet bracket and five 200-Pound vouchers for new motorbike tyres from the online store – thanks to the product range at Moto-tyres.co.uk, eve

Lenovo Continues to Gain Momentum in First Quarter FY 2017/1818.8.2017 00:04Pressemelding

Behind the strength of its 3-wave strategy, Lenovo’s business transformation continued to gain traction during the first quarter, delivering solid profitability in its core PC and smart devices business, and revenue and profit improvements in targeted growth areas, including the data center and mobile businesses. Fueled by new investments in people and products, Lenovo’s Data Center Group (DCG) introduced the most comprehensive product lineup in its history, with the new ThinkSystem and ThinkAgile portfolio, and continued to build out its end-to-end sales organization. Similarly, Lenovo’s Mobile Business Group launched significant new products led by the Moto Z2 Force, available now on all major U.S. carriers, and ramped up its branding efforts worldwide. “In the first quarter this fiscal year, we had stable performance as we executed our 3-wave strategy with commitment. We

Spirent Tests Wi-Fi Network Performance with O2 at the Coca-Cola London Eye17.8.2017 15:57Pressemelding

Spirent Communications plc (LSE:SPT), today announced its Landslide E10 network test platform has been used with O2 to validate the Wi-Fi network performance and capacity at the Coca-Cola London Eye, before the launch of a new smartphone application last month. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170817005758/en/ Spirent Landslide E10 helped O2 validate Wi-Fi performance and capacity at the Coca-Cola London Eye, before the launch of a new smartphone application last month. (Photo: Busines Wire) Merlin Entertainments plc, operator of the London Eye, wanted to measure its Wi-Fi network performance, to ensure its infrastructure could provide an excellent experience for users of the new app, which puts increased demands on the Wi-Fi network. “The London Eye is a global attractio

Watch BizWireTV: A Camera You Can Wear and Krispy Kreme’s Famous Donuts Get Eclipsed with Chocolate17.8.2017 12:08Pressemelding

On BizWireTV, catch some Quick Biz Hits and see the latest in Star Power. Also see what’s happening in the startup world with the Accelerator Report, featuring the VC Watch and this week’s Startup Standout. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170817005305/en/ BizWireTV is hosted by Jordyn Rolling (Photo: Business Wire Now you can watch BizWireTV, and the latest breakthroughs in tech from the biggest brands, on any screen you want by downloading the new app through the Apple TV and iPhone App Store and Google Play for Android devices. Top of the Wire Introducing FrontRow: the camera re-invented. Watch BizWireTV to see more disruptors as well as the top 5 trending stories of the week! A core c

PsiOxus Therapeutics Announce Two New Board Appointments: New Board Appointments Strengthen Company’s US Presence17.8.2017 07:00Pressemelding

PsiOxus Therapeutics, Ltd. (PsiOxus) today announced the appointment of Charles Rowland and Duncan Higgons to the Board of Directors as part of an ongoing drive to expand in the US. Charles Rowland was most recently the President and Chief Executive Officer (CEO) of Aurinia Pharmaceuticals, a clinical stage pharmaceutical company focused on the global lupus nephritis market. Prior to this, he served as the Vice President and Chief Financial Officer (CFO) of ViroPharma, during which time the company grew into a global biopharmaceutical business with $500 million in annual revenues until it was acquired by Shire plc for $4.2 billion. Before joining ViroPharma, Mr. Rowland was executive Vice President, CFO, and interim co-CEO, for Endo Pharmaceuticals. In his earlier career, Charles held finance and operational positions at Biovail Pharmaceuticals, Breakaway Technologies, Pharmacia

I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.

Besøk vårt presserom