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mPrest and Vector to Cooperate on the Internet of Energy Platform

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New Zealand's largest electrical and natural gas utility has announced the expansion of its “Internet of Energy” relationship with mPrest through a new energy platform solution and investing in and reselling mPrest software in Australia, New Zealand and the Pacific Islands.

Vector Limited, a customer of mPrest, a provider of IoT Energy software, has made a significant investment in mPrest and will act as a reselling partner in the Oceania region. Vector joins current mPrest investors OurCrowd, GE Ventures, Angeleno Group, Israel Electric Corporation and Rafael Advanced Defense Systems LTD.

Vector is New Zealand's leading multi-network infrastructure company and delivers energy and communication services to over 1.2 million homes and businesses. As an energy group, it has investments in many businesses including electricity and gas, and it has successfully deployed smart meters and commercial solar and battery energy solutions in New Zealand, Australia and the South Pacific.

Vector entered into the investment and reselling agreement with mPrest following its work with mPrest to develop mPrest's mDERMS application. Being vendor agnostic, the mPrest “system of systems” unifies and optimizes network assets and enables new and emerging customer needs and generation sources to be integrated into the way a network operates.

“Our partnership with Vector is what we strive for - a happy customer who gains confidence in our software and comes back not only wanting to invest in it, but also to help replicate its success for other customers,” said Natan Barak, CEO, mPrest. “It's common for our customers to expand their relationship with us after experiencing the benefits of our products. Vector's interest in transitioning from customer to investor and business partner is a powerful vote of confidence in mPrest - an established player in the utility and energy space is not only willing to implement mPrest into production, but is willing to stand behind our product as a distributor as well.”

Under the agreement, Vector will assist mPrest in expanding its reach by distributing its software throughout Oceania. The partnership is representative of a larger market trend as forward-thinking utilities like Vector embrace industrial Internet of Things (IIoT) solutions to meet the evolving and expanding demands of the energy landscape.

“We are excited to expand our relationship with mPrest,” said Simon Mackenzie, CEO, Vector Limited. “With the transformation of the energy sector in mind, we've already been leading the development of new customer solutions using our existing expertise in running energy systems combined with advanced technology and international partners.”


Ken Briodagh is a writer and editor with more than a decade of experience under his belt. He is in love with technology and if he had his druthers would beta test everything from shoe phones to flying cars.

Edited by Ken Briodagh
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