Elster Expands Production Capacity at San Luis Potosi Facility
— Company prepares for growing demand in Mexico —
RALEIGH, N.C., June 26, 2012 /PRNewswire/ -- Elster Group (NYSE: ELT) today announced that its manufacturing facility in San Luis Potosi, Mexico has received certification from the Comision Federal de Electricidad (CFE), North America's largest electric utility. The certification, issued by CFE's Laboratorio de Pruebas de Equipos y Materiales (LAPEM), designates the Elster facility as an approved supplier of electricity meters for the utility.
With this certification, Elster is expanding its production capacity to include electric meters at its San Luis Potosi facility, to meet anticipated growing demand from CFE and other Elster customers in North America. CFE generates, distributes and markets electric power for approximately 34.2 million customers.
"Elster is growing in North America and we are pleased to be adding this additional capacity at San Luis Potosi, which has been producing Elster products for more than ten years," said Ed Myszka, president, Elster Solutions.
"By taking advantage of production facilities located closer to some of our customers in Mexico and in the U.S., we are better able to provide the business continuity and service dependability our customers have come to expect," Myszka added.
Elster (NYSE: ELT) is one of the world's largest electricity, gas and water measurement and control providers. Its offerings include distribution monitoring and control, advanced smart metering, demand response, networking and software solutions, and numerous related communications and services – key components for enabling consumer choice, operational efficiency and conservation. Its products and solutions are widely used by utilities in the traditional and emerging Smart Grid markets.
Elster has one of the most extensive installed revenue measurement bases in the world, with more than 200 million metering devices deployed over the course of the last 10 years. It sells its products and services in more than 130 countries across electricity, gas, water and multi-utility applications for residential, commercial and industrial, and transmission and distribution applications.
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