AI Terminal
Landis+Gyr Group AG
Regulatory Filings • Jan 31, 2023
918_rns_2023-01-31_85cf55c6-254b-4644-9985-e9e3b00d9e02.html
Regulatory Filings
Open in ViewerOpens in native device viewer
News Details
Ad-hoc | 31 January 2023 07:00
Landis+Gyr Signs Meter Data Management Services Agreement with U.S. Utility for Modernization of Existing Software Infrastructure
Landis+Gyr Group AG / Key word(s): Contract
31-Jan-2023 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
Cham, Switzerland – January 31, 2023 – Landis+Gyr Technology Inc., a subsidiary of Landis+Gyr Group AG (SIX: LAND), and a U.S. investor-owned utility, have entered into a new agreement regarding the modernization of the utility’s metering software infrastructure. The utility’s plans to undertake such modernization is still subject to regulatory approval.
The 20-year agreement includes meter data management software, Software as a Service, and services to support the utility’s 500,000 legacy one-way communicating electric meters and the project will include more than 500,000 next generation smart metering devices in the future.
Contact Media
Melissa van Anraad
Head of PR
Phone +41 41 935 6398
Eva Borowski
SVP Investor Relations & Corporate Communications
Phone +41 41 935 6396
Contact Investors
Christian Waelti
Head of Investor Relations
Phone +41 41 935 6331
*About Landis+Gyr
Landis+Gyr is a leading global provider of integrated energy management solutions. We measure and analyze energy utilization to generate empowering analytics for smart grid and infrastructure management, enabling utilities and consumers to reduce energy consumption. Our innovative and proven portfolio of software, services and intelligent sensor technology is a key driver to decarbonize the grid. Having avoided more than 9 million tons of CO 2 in FY 2021, Landis+Gyr manages energy better – since 1896. With sales of USD 1.5 billion in FY 2021, Landis+Gyr employs around 7,500 talented people across five continents. For more information, please visit our website www.landisgyr.com .*
End of Inside Information
| Language: | English |
| Company: | Landis+Gyr Group AG |
| Alte Steinhauserstrasse 18 | |
| 6330 Cham | |
| Switzerland | |
| E-mail: | [email protected] |
| Internet: | www.landisgyr.com |
| ISIN: | CH0371153492 |
| Valor: | 37115349 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 1547157 |
| End of Announcement | EQS News Service |