Smartsynch expects $20Million Un Revenues

SmartSynch, whose smart meter technology uses broadband networks like AT&T’s (T) to connect electricity meters to utilities, expects to bring in $20 million in revenues in 2007. To date, the company has raised $57 million in funding from a long list of investors including Nth Power, JP Morgan Partners, Siemens Venture Capital, and Duke Ventures. CEO Stephen Johnston said SmartSynch isn’t looking to raise more funds just yet, but that it will be aiming for another round in six to 12 months.