Trondheim, Norway (12.03.2007) Powel, a global utility software solutions company today announced that it has signed a partnership agreement with Lyse Energi to deliver AMR (Automatic Meter Reading) software and services. After a successful implementation of Powel's metering solution in 2006, Lyse Energi has decided to extend its cooperation through Powel's partnership agreement.

The partnership agreement is based on close cooperation between Lyse Energi and Powel to work towards common goals defined for the next three years, including strategic projects, software development, and implementation consultancy to support Lyse Energi's business process where metering solutions from Powel play a critical role.
 
About Powel
Powel ASA, headquartered in Trondheim, Norway, delivers software solutions and related services designed to help energy companies and public utilities work smarter, to increase their operational efficiency and service quality. The company is a market leader in Scandinavia, and has established offices in Sweden, the U.S., and Canada.  Founded in 1996, Powel ASA is a publicly traded company and has grown from 37 employees to more than 250 in its 10 years of existence. Growth opportunities for the company remain strong in both
the energy industry and the public sector.
 
About Lyse Energi
Lyse is a multi-utility/multi-service company, based in Stavanger, Norway, operating both in the energy sector (power, gas, district heating/ cooling) and telecom sector (triple-play broadband services distributed via fiber optic networks). Lyse Tele, the telecom branch has approximately 30 partners in Norway and Denmark. Lyse has approximately 120,000 energy customers,  60,000 broadband customers (including partners), 110,000 network delivery points and an annual turnover of 3.5 billion NOK.
 
Powel contact info
President/CEO Jon Einar Værnes (J) +47 73 80 45 00 (M) +47 48 16 45 55
CFO Øystein Sæther (J) +47 73 80 45 00 (M) +47 48 16 45 58