Founded in 1999 by Scott Roussell, Yandell Wood, and Steve Payne, Telemics has developed a patented web based, wireless mesh network of remote sensors designed to monitor and report the condition of street lights which is currently being introduced to the US street lighting authorities and utilities. This technology enables cities such as Los Angeles and major utilities such as Arizona Public Service to remotely monitor and control their street lights to reduce the cost of operating them while at the same time enabling the repair of broken lights quicker. LOUISVILLE, KY (July 13, 2006) – Louisville, Kentucky-based technology firm Telemics, Inc. has been acquired by Tyco Electronics Corp., a segment of Tyco International, Ltd. (NYSE: TYC, BSX: TYC). Terms of the asset purchase were not disclosed.