) and Wasion Group - supplier of advanced energy metering
products and solutions - recently signed a memorandum of
understanding (MoU) to develop smart electricity meters and data
concentrators, deploying its highly integrated power line
communication (PLC) solutions.
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Through this agreement, Wasion Group will leverage the in-depth
expertise of Atmel's smart metering technologies to accelerate
the development and faster roll-out of smart metering solutions.
According to Pike Research - a market research firm, China is the
fastest growing market for smart meters and has witnessed the
installation of 17.9 million smart meters since the second
quarter of 2012. The partnership between Atmel and Wasion will
prove to be beneficial in worldwide markets, driven by
cost-effective PRIME narrowband PLC technology. In this
challenging environment, the mutual efforts by both companies
would lead to synergistic benefits and will ultimately help them
in meeting their energy and environmental policy goals.
The partnership will jointly develop products with lower system
costs and sensitivity to meet smart meter requirements.
Atmel is in the process of transforming itself into a
microcontroller-based company, which it believes will augment its
cost structure and unlock value. The company is focusing more on
its core microcontroller business by introducing the latest
products with the aim of targeting high-growth and high-margin
Based in San Jose, California, Atmel designs, develops,
manufactures and sells integrated circuit (IC) products. These
products include microcontrollers, advanced logic, mixed-signal,
non-volatile memory and radio frequency (RF) components. The
company has released a substantial number of new products in the
past few quarters, which will benefit the business during
Atmel currently has a Zacks Rank #1 (Strong Buy) and a long-term
Outperform recommendation. One of its competitors,
Texas Instruments Inc
) also carries a Zacks Rank #3 (Hold).