“Milestone” reseller deal

Triacta Power Technologies Inc. signs a key distribution agreement for its smart meters with multinational French energy management products maker Schneider Electric. The Almonte-based company says the deal with will see Schneider reselling Triacta’s energy- and cost-saving meters, as well as energy management web-based software, under Triacta.jpgbrand names Schneider Electric and Square D. Schneider, which sells its products in 190 countries and notched 17.3 billion euros in revenue last year, will also embed Triacta meters into its line of electrical panel products. “This is a milestone for Triacta,” says CEO Rob Brennan. “Teaming up with Schneider Electric will boost sales and the deal gives us an important reference customer going forward.” Triacta’s meters will allow Schneider to give tenants in multi-tenant buildings the ability to independently manage energy expenditure, and its software will permit customers to view energy consumption and billing information online and direct tenant data directly to their billing service.

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