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As part of a letter of intent to install 19,000 LED streetlights, ForceField Energy Inc. has announced it will also commence a 30-day residential home trial of smart meters for Costa Rican utility company Empresa de Servicios Publicos de Heredia (ESPH).

ForceField, through its partner PowerOneData International, will provide ESPH with smart meters and management systems to support the trial. If it proves successful, ForceField says the trial could result in the installation of approximately 80,000 smart meters in residential homes located in Heredia's jurisdiction.

The total proposal for the sale of 80,000 smart meters when combined with the installation of 19,000 LED streetlights could generate $40 million in revenue for ForceField - of which a portion would be realized immediately and the remaining portion over a 10-year period. Both the purchase of the smart meters by ESPH and the project to install 19,000 LED streetlights for ESPH are subject to all parties securing the required financing and the execution of a definitive agreement, both of which are expected to be completed by Sept. 30.

“ESPH will gain several key advantages from installing smart meters including the ability to read meters remotely in real time to more effectively manage demand and reduce operating costs, as well as offering credit risk customers a 'prepaid option' to more effectively manage energy budgets and reduce late payments,” comments Richard St-Julien, ForceField Energy's chairman.

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