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Cannon Technologies Acquires EMETCON and Load
Management Production from ABB
November 21, 1997, Minneapolis, MN—Cannon
Technologies, Inc. of Wayzata, MN announced today that they have
acquired the 2-way Distribution Line Carrier (EMETCON™) and
1-way Load Management manufacturing as sets and inventory from
Asea, Brown, Boveri (ABB).
Cannon Technologies has also acquired a perpetual
license from ABB to build and develop these products.
Cannon Technologies’ president and founder,
Ed Cannon, had this to say about the acquisition: "We’re
excited and enthusiastic about this opportunity. The real winners
will be our customers, who will benefit from our ability to incorporate
ABB’s product s into our tradition of technological innovation
and outstanding service."
Cannon Technologies’ software and hardware
products currently allow utilities to send and receive data from
electric meters. Utilities then make decisions regarding rates,
power quality, service options, and load management based primarily
on the data received from s ystems and meters in the field.
Load management is the process whereby utility companies
decide to regulate the supply (or load) of electricity based on
real-time data received during peak usage periods in order to
conserve electricity and ensure that customer demand does not
exceed available supply.
In addition to 1-way and 2-way metering systems,
Cannon Technologies has also developed the Substation Advisor®,
an automation system for substations that includes equipment
sensors, trending applications for predictive mainten ance,
and interfaces to many existing SCADA (Substation Control
And Data Acquisition) systems.
Cannon Technologies is a privately held company
founded in 1987 specializing in the development of software and
systems for electric utility remote metering, substation automation,
and load management. Cannon Technologies presently has over 170
electric utilities worldwide using its software products. Based
in Wayzata, MN, Cannon Technologies also has branch offices in
Iowa, Nebraska, North Dakota, and Texas.
For more information contact:
Jim Losleben
Director of Business Development
Cannon Technologies, Inc.
1212 E. Wayzata Blvd.
Wayzata, MN 55391
jim@cannontech.com
651.686.9547
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