PORTLAND, OR., May 11, 2000 - Rob Jenkins, President and
CEO of Teldata Solutions, announced that the company is refocusing
its efforts on those business units that represent future growth,
namely, the AMR and Data Acquisition/Management Services.
With this refocus, it has been decided that the company's CIS
System Implementation business unit, located in the Chicago offices,
will be closed effective Monday, May 15, 2000.
With the closure of the CIS operations, only support staff remains
in the Chicago office. According to Jenkins, "As best as
is possible, the HR, Marketing and Sales functions will be absorbed
into the Portland office which will serve as the company's new
headquarters. The Los Angeles office will remain responsible for
the company's AMR products and related R&D.
" This was a very difficult decision to reach,'' said Jenkins.
"Teldata has very talented and dedicated staff in its Chicago
office. They and their contributions will be missed.'' Jenkins
went on to explain that the company is providing extended severance
packages and is making every effort possible to see that the employees
affected will be assisted in this transition.
" Often hard decisions have to be made in business to ensure
the long-term success of an organization,'' said Jenkins. "We
believe that our AMR and Data Acquisition/Management businesses
have a very prosperous future. The restructuring will enable Teldata
to refocus on
what has historically been its core business. We are confident
that this action will represent a positive step in the future
growth and health of the organization.''
About Teldata
Teldata Solutions provides data acquisition and data management
solutions for electric, water and gas utilities. Its technical
solutions include automated interval meter data collection, data
management, energy information services and web-based data presentation.
Teldata Solutions is a certified provider of meter installation
and meter data management services. Additional services include
advanced metering, on-site consultation and certified meter services
training. Teldata Solutions is a wholly owned subsidiary of The
National Grid Group plc.
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