CONC ConectiSys Corp (PK)

ConectiSys Corporation (OTC:CONC) a developer of automatic meter reading technologies and associated wireless products for the energy market, announced today that the company has received its first H-Net™ Meter System purchase order from Gas Natural Fenosa (GNF) in Managua, Nicaragua. GNF will deploy 500 H-Net™ units in areas of suspected energy theft.

ConectiSys is engaging in a $40 million plus venture with Gas Natural Fenosa. It has been estimated that to reduce or substantially eliminate theft, an installation of approximately 150,000 H-Net™ units would be required to save GNF approximately $43 million per year or $640 million in the next 15 years in Managua, Nicaragua.

The initial release is in the form of a 12-month lease purchase for 500 H-Net™ units. The H-Net™ BaseStations and intellectual properties are wholly owned and maintained by ConectiSys. The potential coverage is 600,000 units in this region. The rollout pace and strategy will be at the discretion of GNF. ConectiSys will maintain its monthly service fees per month per meter during the purchase period and throughout the life of the meter. Our standard package includes fully integrated utility backend software, utility interface with an array of features including real time data monitoring tools, fraudulent activity notifications, voltage warnings, tampering warnings, real time data graphs and comparables and remote connect/ disconnect functionality. ConectiSys also offers additional services requiring consultant fees such as transformer to transformer data and brownout/ blackout alerts offering early detection warnings at request.

The purchase order is a major milestone for ConectiSys Corporation as Gas Natural Fenosa is one of the largest utilities worldwide with many distribution areas for vertical growth. Many opportunities are beginning to show promise for ConectiSys not only through future expansion within the many coverage areas of GNF, but opportunities may open immediately in Panama, Costa Rica and Columbia.

Robert Spigno, ConectiSys CEO stated, “The future of ConectiSys and Gas Natural Fenosa has begun. We believe that we are strategically aligned to rapidly expand throughout all coverage areas (see more about Gas Natural Fenosa) and intend to pursue contracts in each. The company continues to obtain interest of utilities in South America, domestically and abroad.”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein and in the Monthly Report that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to: the level of cost-effectiveness and efficiency of the Company’s H-Net™ automatic meter reading products or technologies.

ConectiSys (PK) (USOTC:CONC)
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ConectiSys (PK) (USOTC:CONC)
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