Scotts Valley, Calif., January, 9, 2012 — Addressing high initial cost, high total cost of ownership and complexity of installation, Glen Canyon Corp. announced its NEXGEN family of products for the smart meter and advanced metering infrastructure (AMI) market.
Even as the worldwide AMI market is poised to grow at 19 percent CAGR by 2015 (Pike Research), adoption has been hampered by high costs and complexity of installation.
Glen Canyon delivers its NEXGEN smart meters at the cost of mechanical meters and eliminates capital costs for networking and data management by using existing networks and Cloud based storage and application software.
For elimination of up front costs completely, the company is also introducing Virtual AMI (V-AMI), an AMI-as-service business model.
Glen Canyon's NEXGEN solution requires only the purchase of low cost IEC or ANSI/DOE compliant NEXGEN smart meters. There is no additional cost for creating the Wide Area Network back haul infrastructure because Glen Canyon's end-to-end solution uses existing cellular or Ethernet (wired or fiber) networks.
MDMS software acquisition and maintenance cost are eliminated because Glen Canyon's NEXGEN-Cloud software runs in the Cloud and is easily accessed by utilities through no cost web based applications.
For lowest initial cost solutions, Glen Canyon offers V-AMI, a new service based business model for smart metering. In V-AMI there are no capital costs for NEXGEN smart meters, gateways, network or NEXGEN-Cloud software and applications. Instead, utilities pay a monthly fee per meter that is comparable to the cost of a manual meter read.