Badger Meter To Provide Smart Water Solution To Columbia
Zacks Investment Research | Mar 11, 2019 09:54PM ET
Badger Meter, Inc. (NYSE:BMI) recently announced that it is going to provide smart water technologies and services to the City of Columbia, SC to aid its vision of offering high-quality municipal amenities to residents.
Notably, the company’s comprehensive solution will likely improve the city’s efficiency as well as cut water loss by providing real time access to water usage data and better customer service. Installations are expected to begin this spring with a three-year estimated project timeline for the complete rollout.
Badger Meter will provide its BEACON Advanced Metering Analytics Software-as-a-Service offering that collects and analyzes data within the water distribution network to increase operational efficiency. The ORION Cellular endpoints chosen by the city will use the latest LTE-M network. The network is dedicated to machine-to-machine devices deployed as part of a smart water solution, and is compatible with present LTE and 5G network technology.
Badger Meter’s products are known for accuracy, durability and for providing valuable and timely measurement data. Management remains optimistic about 2019 and beyond on the back of solid backlog, overwhelming customer acceptance of new products. The company is making steady progress in its various innovative technologies, including D-Flow ultrasonic technology, which has the dual benefit of providing additional features for customers while improving its cost position.
Furthermore, the company focuses on enhancing shareholder value through organic and inorganic investments supported by its healthy balance sheet. Badger Meter is poised to benefit from the increasing market traction of E-Series meters and ORION cellular endpoints, as well as BEACON Advanced Metering Analytics managed solution. In addition, the inclusion in AT&T (NYSE:T) Smart City Alliance has enabled it to explore new ways for its smart water solutions to join forces with industry-leading cellular networks.
Backed by proper execution of operational objectives, shares of Badger Meter have recorded an average return of 18.5% compared with the Zacks Investment Research
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