Wellspring hires chief technology officer

Wellspring International Inc., a provider of wireless, point-of-use utility submeters for all building types, has appointed Tim Matt as chief technology officer...

BRISTOL, PA, Sept. 16, 2004 (BUSINESS WIRE) -- Wellspring International Inc., a provider of wireless, point-of-use utility submeters for all building types, has appointed Tim Matt as chief technology officer.

"We're thrilled to bring someone aboard with Mr. Matt's technical credentials and proven business acumen," said Wellspring CEO Wade Smith. "Our wireless, point-of-use submetering technology has carved out a considerable market presence for us in the multifamily market. We look forward to expanding that presence under Mr. Matt's leadership and expertise."

Prior to joining Wellspring, Matt served as vice president of Advanced Technology Development at Invensys' Energy Management Division. Het has over 25 years of technical and management-level experience from leading controls manufacturers, including Nordson, Rockwell Allen-Bradley and Danfoss. He also holds several patents in the area of embedded controls and enterprise software systems. Matt earned a bachelor's degree in engineering technology and an MBA from Cleveland State University.

Wellspring's Aqura submetering system wirelessly monitors, records and displays consumption data within any multifamily residential unit -- regardless of age, type or plumbing configuration. Consumption readings and leak diagnostics are collected and uploaded through a parallel system to Wellspring's data and billing center several times per day, and made available on the Internet to both landlord and resident.

About Wellspring International
Wellspring International (www.wellspringwireless.com) is the world's most complete water and energy sub-utility offering metering systems -- as well as reading, billing and collecting services -- for all building types. Wellspring is based in San Diego and Bristol, Pa.

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