The company, whose identity remain undisclosed, has already ordered and tested capability of the TransformerIQ units.

Covering delivery of 150 units, the $250,000 contract also encompasses a variety of communications options that will be tested as part of the second stage of preparation for a potentially larger project.

GridSense Sales director Francis Fisher said the contract highlights the growing requirement for power companies to better manage theft on the network in Latin and South America.

”The Transformer IQ allows distribution companies the opportunity to monitor and identify areas on the network that see the largest number of losses and verify meter readings," Fisher added.

According to Fisher, transformer monitoring is the key to the company’s smart grid strategy.

”They have a total of 50,000 transformers and monitoring will allow them to better understand losses, both technical and non-technical (theft)," Fisher noted.