Wellspring Submetering Scores Big with Sowell Group

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Wellspring Submetering Scores Big with Sowell Group

Houston Apartment Developer Recoups Utility Expenses While Cutting Water Consumption by 50%

SAN DIEGO, CALIFORNIA, Jun. 7 -/E-Wire/Business Wire/-- Wellspring International Inc., a leading provider of wireless, point-of-use utility submeters for all building types, today celebrated the six-month mark of its installation at Sowell Group's "Green Oaks" apartment complex outside of Houston, Texas.

Sowell's Green Oaks community was the first in its 6,000-unit portfolio to give Wellspring's Aqura submetering system a try. (Submetering is the practice of billing apartment residents for utilities at a rate proportional to usage. As a result, the rents owners charge can remain competitive, while covering rising utility costs and encouraging conservation).

"We couldn't be happier with Wellspring's solution -- it's definitely for real," said Bill Murphy, executive vice president and CFO, Sowell Group. "Since installation, our baseline utility consumption has dropped almost 50% at Green Oaks. Wellspring's performance exceeded even its own projections. The product pays for itself and then some."

"There is nothing apartment owners can do to add more capitalized value to their assets than shift utility expenses to the resident," said Wellspring president Brian Brittsan. "And of course the environmental benefits speak for themselves. In our submetering portfolio, the average drop in utility consumption is 26%."

Wellspring's Aqura 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 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. For more information, call [REDACTED-PHONE] or visit www.wellspringwireless.com.

Wellspring International Inc.

Brian D. Brittsan, [REDACTED-PHONE], [REDACTED-EMAIL] or Christopher Dale, [REDACTED-PHONE], [REDACTED-EMAIL]

http://www.wellspringwireless.com

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