Triacta signs deal with Schneider Electric
(June 2008) Triacta Power Technologies has signed a distribution and OEM agreement with Schneider Electric under which the latter will distribute Triacta’s current product line of smart metering hardware and Web-based software under the Schneider Electric and Square D brands. Schneider will also embed Triacta meters into its electrical panel product lines.
Incorporating Triacta’s technology into electrical panels enables Schneider to offer sub-metering services in multi-tenant buildings such as office towers, condominiums, apartment buildings and shopping centres. Customers will be able to view their energy consumption and billing information online via a secure website, receive automated reports via email and import tenant billing information directly into their finance systems.
“We’re excited to add Triacta’s smart metering products to our broader intelligent metering offer,” said Scott Henneberry, director of strategic marketing for Schneider’s Power Monitoring and Control group. “This partnership will give our sales teams a compelling competitive advantage in the sub-metering marketplace.”