M2M Announces Strategic Alliance with Groupe Electricite de France to Expand Internet SCADA into European Markets
 

Englewood, Colorado and Paris, France - January 29, 2024 - M2M and Electricite de France have launched an agreement to accelerate the development of M2M's innovative iSCADA technology for power markets and prepare its expansion in Europe and other countries. M2M's technology pulls together real-time operational data from diverse widely dispersed assets, critical in today's deregulating power markets.

M2M is a leading provider of real-time, web-enabled monitoring and control technology. EDF is the world's largest utility, operating a diverse portfolio of 100,000+ megawatts of generation capacity in Europe, Asia, Latin America, Africa, and the Middle-East. Under the terms of the agreement, EDF will identify the most promising applications for M2M's technology, such as monitoring and controlling dispersed power generation and transmission assets. EDF will bring its 2,500 person R&D staff and vast knowledge of European power requirements to bear in a collaborative effort aimed at fine-tuning M2M's technology for targeted applications. EDF will gain a minority equity stake in M2M.

"Using its Easenergy team, ideally located in Silicon Valley, Groupe Electricite de France is committed to gaining early access to innovative technologies that help us manage our growing asset base, and proposing new services to our customers in Europe and all around the world", said Mr. Alain Sarrazin, Deputy Director of EDF's Research and Development Division. "M2M's technology pulls together real-time operational data from diverse, widely dispersed assets. This is critical in today's deregulating power markets."

"Groupe Electricite de France is the perfect partner to bring M2M's technology to European markets", said Alan Forbes, Chief Executive Officer of M2M. "Our management team is comprised of energy industry veterans, and we understand that every national market has its unique needs. EDF brings the technical and market knowledge necessary to succeed beyond North America. Their diverse, multi-national asset base provides a rich array of applications for M2M. "

Groupe Electricite de France, a French national corporation, owns and operates power generation, transmission, and distribution assets around the world.

M2M's signature service, iSCADA, allows real-time, secure access to operational data at a very low cost. Its platform independence eliminates system compatibility problems. This "from anywhere, to anywhere" service allows managers to instantly access whatever operational data they need, no matter where they or their assets are located. It can optimize an entire operation by reducing equipment downtime, improving maintenance logistics, and allowing power generators to more closely match supply and demand.

About M2M Data Corporation
M2M Data Corporation (www.m2mdatacorp.com), headquartered in Denver, Colorado, is the leading provider of smart field solutions for energy, industry, and government customers. M2M has consistently led the industry in the development of innovative and powerful Internet technologies for electronic monitoring and control of remote equipment to increase production, reduce downtime, and minimize maintenance costs. Through a unique combination of Internet, SCADA, communications, security, and industry expertise, M2M has become a trusted partner for top energy companies, utilities, and government contractors developing and operating United States critical infrastructure. Today M2M is one of the most successful organizations in the smart field space with solutions that are the fastest, easiest to use, most complete, and most secure.

For more information, contact Shanna Castlebury at 303-768-0064 Ext. 414 or email her at [email protected].