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Tuesday, January 25, 2011

Smart meter growth prompts Ember revenue growth

By Kyle Alspach

Ember Corp. said revenue in 2010 grew by nearly 300 percent, fueled by worldwide smart meter deployments.

The Boston-based company, the leading supplier in the small but growing ZigBee chip market, said it shipped more than 10 million ZigBee chips during the year.

ZigBee is considered the leading technology for the wireless communications behind smart meters and other “smart home” devices. The technologies monitor energy use in buildings with an aim of reducing consumption and cost.

Ember did not disclose its revenue figure for the year, but Robert LeFort, the company’s CEO, previously said the company had been seeing revenue of $9 million to $10 million per quarter.

Ember achieved profitability in the first quarter of 2010, and grew its staff to 50 from 40 during the year, he said.

 

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