| Current Communications is the leader in broadband over power line (BPL) networks with a recently announced equity investment of $130 million from new and existing investors; this added capital will accelerate the deployment of BPL-enabled “Smart Grid” electric utility networks and alternative broadband communication services nationwide. Current Technologies, LLC use BPL technology to create a multipurpose high-speed data network by placing advanced digital equipment on electric distribution networks. For the first time, an electric utility can monitor and control – in real time – the millions of components in the electric distribution network, improving its reliability, efficiency and security. The same technology can be used to manage gas and water distribution networks, as well as to enable consumers to monitor and control their own electricity usage. In addition to enabling a Smart Grid, the same communications network will deliver superior consumer broadband service, including a range of services such as interactive gaming and emerging multimedia applications. High-performance Internet, voice, and video service will be available to residential and business subscribers simply by plugging into an ordinary electric outlet. The potential for growth is staggering and the professional work environments looks and feels like the telecom industry of yesterday; vibrant and electric.
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