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Xemtec provides utilities and systems integrators worldwide with efficient, economical & asset-protecting smart metering. Solutions are based on its non-invasive retrofit Comet Optical Meter Readers, coupled to innovative communication devices & software. Xemtec is looking for a loan of 500,000 CHF to support their next stage of growth. The term of the loan is for 12 months. Investors would also have the possibility to convert to equity at a discount during the next fundraising round, to take place during the loan period.
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Xemtec provides utilities and systems integrators worldwide with efficient, economical and asset-protecting smart metering. These are based on Xemtec's non-invasive retrofit Comet Optical Meter Readers, coupled to innovative communication devices (e.g data loggers/concentrators) and data acquisition and management software packages. Its customer list includes many of the largest utilities in Europe, with a growing customer and reseller base across the Middle East, Far East and North and South America.

Xemtec is committed to providing the most straightforward migration path from conventional to smart metering available anywhere, by offering the most cost-effective and open smart metering systems in the industry.

Xemtec also takes very seriously its obligations – and the utility industry’s commitment – to environmental good practice. Xemtec’s systems offer zero disruption of existing metering infrastructure, extremely long replacement cycles, minimal power consumption and extremely low maintenance. Xemtec products are entitled by DEFRA (UK) to use theETL symbol in the context of the Carbon Trust initiative.