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Article: Electricite de France and Wellspring International Sign Technology Cooperation Agreement.
- Article from:
- Business Wire
- Article date:
- May 19, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
SAN DIEGO--(BUSINESS WIRE)--May 19, 2003
World's Largest Electric Utility to Provide Manpower and Expertise To
American Submetering Leader
Wellspring International Inc., world class provider of wireless, point-of-use water submetering equipment, today unveiled a new technology cooperation agreement with Electricite de France (EDF), the world's largest government-owned electric utility.
With this Agreement, Wellspring will obtain the assistance of EDF in adapting its metering software platform for emerging opportunities in Europe. In exchange, EDF will get cash compensation and an equity stake in Wellspring ...