CONTACT INFORMATION

OTTAWA, ONTARI, September 13, 2004—Harris Computer Systems ("Harris"), a leading provider of customer information and financial management software solutions for utilities and local governments, today announced that it has purchased substantially all of the assets of IMSofTech Inc., from Sensus Metering Systems North America, Inc (“Sensus”).

As a result of the sale, Harris now owns all of the Utility Billing, Financial Management and related software that IMSofTech has developed over the last 20 years. Harris will immediately be responsible for the support of the more than 390 customers who are currently using these solutions. Harris now services over 1,750 customers throughout North America, the majority of which are in the United States.

In addition, the majority of the customer service, development and sales team of IMSofTech will become employees of Harris and will continue to serve the customer base. This group of employees will further add to the depth and experience at Harris, bringing the total number of employees to 200. Harris will continue to maintain the existing office in Tyler, Texas to manage customer support and ongoing development of the IMSofTech product suites.

Harris President and CEO Jeff Bender stated, "IMSofTech has built up a tremendous customer base and suite of value creating products over the years. They have created a product offering that exceeds the expectations of their target markets while maintaining a strong return on investment for their customers. I am also very impressed with the strength of their customer relationships and their culture of working directly with their customers in a proactive process. Customer relationships are a key component of the Harris business model and we are excited about the opportunity we have to continue to build and strengthen these relationships. I believe that we will provide all of our new customers with outstanding service and support, a number of very good options for the future, and a lot of flexibility. We believe in working with our customers to address their specific needs and circumstances and do not believe in forcing our agenda on them. "

Sensus Vice President of Business Development, Jim Hilty stated, “We are very pleased to announce the sale of the assets of IMSofTech as this will ensure that those customers receive the focus and product options that they require. Furthermore, we are extremely confident that both our customers and our employees will be in better hands with Harris as they have an extensive 28-year history focused solely on utility billing and financial software and services. We have committed to work closely with Harris for as long as it takes to ensure a smooth transition for our customers and will also be partnering with them to leverage our relationships with the many clients we both have to ensure the tight integration between our core products continues.”

# # #

About Sensus Metering Systems
The Sensus Metering Systems companies are leading world-class providers of high-value metering and Automatic Meter Reading (AMR) solutions for water, gas, electric, and heat utilities as well as sub-metering entities worldwide. Additional linked businesses include Smith-Blair, Inc. a leading provider of pipe clamp & coupling products for the water, gas, and industrial markets; and Sensus Precision Die Casting that produces complex, high quality die-castings. For more information, please visit the company’s web site at www.sensus.com.

About Harris
Harris is a leading provider of Customer Information Systems (CIS), billing and financial management software solutions. Since 1976, Harris has focused on providing feature-rich and robust turnkey solutions to utilities and all levels of local government throughout North America. Harris focuses on creating long-term relationships with our customers and ensuring we meet our customers’ evolving needs.