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Redknee and Elster offer new opportunities for utilities

Redknee and Elster

Redknee and Elster

June 7, 2016

The advent of smart meters has brought with it new payment options beyond the traditional monthly, bimonthly, or other periodic bill. Growing acceptance of prepayment for services such as mobile telephony is driving growing interest from both utilities and consumers in its use for energy. Illustrative of the growing interest in prepayment is its use for energy in more than 40 countries over the past two decades, primarily in Europe, Middle East and Africa (EMEA) regions.

The prepay energy solution is built on Elster’s expertise in metering and Redknee’s expertise in monetization and payment services. The solution offers a configurable prepay energy delivery solution and it is intended as an off-the-shelf, packaged solution that can be easily implemented, embedded in existing utility operations.

The full article can be found on the Engerati website.

Media Enquiries: media@redknee.com

About Redknee:
Redknee monetizes today's digital world. We provide a complete portfolio of mission-critical monetization and subscriber management solutions, including real-time billing, charging, policy and customer care modules, which allow Communications Service Providers to charge for things in new and innovative ways and create a unique user experience. Available on premise, cloud-based, or as a Software-as-a-Service, Redknee's low-risk, flexible solutions power more than 250 businesses across the globe. Established in 1999, Redknee Solutions Inc. (TSX: RKN) is the parent of the wholly-owned operating subsidiary Redknee Inc. and its various subsidiaries.

References to Redknee refer to the combined operations of those entities. For more information about Redknee and its solutions, please go to www.redknee.com.

For additional information please contact:

Redknee Solutions:
Michaela Radman, Corporate Communications
Michaela.Radman@redknee.com
+1 905 625 2190

Investor Relations:
Conrad Seguin
NATIONAL | Equicom
T: (416) 586-1951
cseguin@national.ca