Elster Participates in White House Discussions on Economic Policy and American Innovation

RALEIGH, N.C., Jan. 12, 2012 /PRNewswire/ -- This week, Elster (NYSE: ELT) participated in two, high-level national leadership discussions on economic policy and American innovation.  Both events took place at the White House and follow other national forums conducted in 2011 related to jobs creation and economic development, in which Elster also participated.

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"As a leader in Smart Grid and advanced metering technology, Elster is well positioned to contribute to national conversations regarding energy, Smart Grid and economic policy.  We appreciate the opportunity to offer our ideas on policies that incentivize investments in research, technology and manufacturing," said Mark Munday, chief technology officer of Elster Group.

At the invitation of the White House, John Bluth, Elster's senior vice president, investor relations and group communications, participated in the 'Insourcing American Jobs Forum' on Wednesday.

The event featured opening remarks from President Obama, followed by panel discussions chaired by U.S. Secretary of Commerce John Bryson and Small Business Administration Administrator Karen Mills to identify actionable ideas for advancing jobs creation and stimulating U.S. investment.  

Today, Munday participated in the Business Forward event, sponsored by the White House Business Council and Business Forward North Carolina.  The event was designed to solicit ideas from North Carolina business leaders for strengthening U.S. global competitiveness. 

"As a 175-year-old company founded in New York, I was pleased to represent Elster in these important discussions about creating economic policies that drive job growth in the United States," Munday said. 

"With facilities across the United States, we have helped to drive innovation in America and the adoption of Smart Grid and advanced metering technology.  And, as a major jobs provider in the U.S., we clearly have a stake in national policies that stimulate domestic job growth," Munday added.    

Additionally, Elster hosted U.S. Representative David Price (D-NC) at its facilities in Raleigh this week.  Rep. Price had the opportunity to meet with senior company leaders, tour the company's state-of-the-art Smart Meter facility and conduct a Town Hall session with Elster employees.

"I enjoyed the chance to meet with employees and learn about Elster's latest contributions to Smart Grid development, which has great potential to help consumers and communities realize energy savings," Rep. Price said. 

"I am very encouraged to see innovative work in this industry being done right here in our community.  It reinforces my belief that North Carolina is poised to lead in the 21st Century energy economy," Rep. Price added.

About Elster

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.

For more information about Elster, please visit www.elster.com.

SOURCE Elster

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