Telenetics Announces Strategic Alliance Agreement with Elster Electricity, LLC

Business Wire,  July 8, 2004  

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LAKE FOREST, Calif. -- Telenetics Corporation (OTCBB:TLNT), a provider of wired and wireless data communications products for customers worldwide, today announced the signing of a Strategic Alliance Agreement with Elster Electricity, LLC ("Elster"), a subsidiary within E.ON's Ruhrgas Industries that is based in Raleigh, North Carolina.

Under the terms of this Agreement, Elster will utilize their extensive global sales and marketing organization to promote and resell Telenetics digital cellular-based communications products to their electric utility customers for AMR (Automatic Meter Reading) applications. Elster will have primary responsibility for the sale of Telenetics AMR cellular products throughout North America, South America, Central America, and the Caribbean.

Commenting on the Alliance, David Stone, CEO of Telenetics, said, "I believe this Alliance will greatly increase Telenetics' market presence and add substantially to the sales effort behind our AMR products through Elster's extensive global sales channel. I also believe that Elster's selection of Telenetics reflects well on the design and performance of our product offerings in the wireless cellular communications area."

About Telenetics

Based in Lake Forest, California, Telenetics designs, manufactures and distributes wired and wireless data communications products for customers worldwide. Telenetics offers a wide range of industrial grade modems and wireless products, systems and services for connecting its customers to end-point devices such as meters, remote terminal units, traffic and industrial controllers and remote sensors. Telenetics also provides high-speed communications products for complex data networks used by financial institutions, air traffic control systems and public and private wireless network operators. Additional information is available at www.telenetics.com.

About Elster Electricity, LLC

Elster Electricity, LLC, a subsidiary within E.ON's Ruhrgas Industries, offers integrated, cost-effective solutions including advanced electricity meters, communication solutions and metering automation systems for residential and commercial and industrial applications. Elster Electricity (formerly ABB Electricity Metering) is located in Raleigh, North Carolina and is a leading provider of electricity metering products and services throughout the world. Designed to meet the diverse electricity metering requirements of a global customer base, Elster's metering products include advanced high accuracy ANSI and IEC electricity meters, featuring the EnergyAxis(R) System's intelligent two-way communications with the new electronic REX(TM) meter and the ALPHA(R) meter line. Elster Electricity serves customers through a global sales force. Additional information is available at www.elstermetering.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

With the exception of historical information, the matters discussed in this press release contain forward-looking statements that involve a number of risks and uncertainties. Actual future results of Telenetics could differ from those statements. These risks include but are not limited to Telenetics' ability to successfully market its AMR products through Elster, financial constraints that may affect Telenetics' ability to increase its revenues in 2004, the ability to ship current backlog, the continued demand for Telenetics products despite worldwide economic conditions, the ability to have satisfactory deliveries of products from Telenetics' contract manufacturers, changes in governmental regulations and policies, the emergence of competitive products and unforeseen technical issues. Other risks are detailed in filings with the Securities and Exchange Commission made from time to time by Telenetics, and Telenetics' Form 10-KSB for the year ended December 31, 2003 and Form 10-QSB for the quarter ended March 31, 2004. Telenetics undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances occurring after the date hereof.

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