PSI Software SE

Regulatory Filings • Feb 6, 2012

News Details

Corporate | 6 February 2012 11:01

PSI Strengthens Its Business for Smart Grid and Smart Energy Markets

PSI Aktiengesellschaft / Key word(s): Acquisition

06.02.2012 / 11:01

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PSI Strengthens Its Business for Smart Grid and Smart Energy Markets
Integration of the Swiss optimisation specialist Time-steps AG

The PSI Group has strengthened its position in the field of energy business
solutions by acquiring the Swiss Time-steps AG. Time-steps is a software
company that has specialised on integrated statistical and mathematical
solutions for energy companies since 1997. With TS Energy Time-steps has a
comprehensive and well-engineered IT system for the evaluation, risk
analysis and optimisation of energy portfolios, including complex
contracts, options and power plants. The system is based on stochastic,
dynamic programming and can process significantly more future knowledge
than classical option analysis.

Time-steps AG will be assigned to the PSI Energy Markets GmbH within the
PSI Group, thus further strengthening the already existing, comprehensive
energy business solutions portfolio. In particular there are now stochastic
processes available for portfolio optimisation whose superiority has been
proven in many application areas in a number of projects with major energy
companies. The system is characterised primarily by the improved quality of
results while simultaneously dramatically reducing computation time and
consideration and evaluation of immanent risks.

With the acquisition of Time-steps AG, PSI has provided another strong
impetus in the field of smart grid and smart energy market activities.
Specialised optimisation models developed by Time-steps allow, amongst
other things, for the optimal use of energy storage systems which will play
an increasingly important role for the integration of renewable energies.
With the leading technology for the complex task of economic storage
operation, Time-steps complements the PSI solution portfolio with yet
another unique selling proposition.

PSI AG develops and integrates complete solutions, on the basis of its own
software products, for the management of energy networks (electricity, gas,
oil, heat), production management (metals, automotive, mechanical
engineering, mining, logistics) and infrastructure management for transport
and safety. PSI was founded in 1969 and employs more than 1.450 persons in
the group. www.psi.de

PSI AG
Karsten Pierschke
Head of Investor Relations
and Group Communication
Dircksenstraße 42-44
10178 Berlin
Germaqny

Tel. +49 30 2801-2727
Fax +49 30 2801-1000
E-Mail: KPierschke@psi.de

End of Corporate News

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Language: English
Company: PSI Aktiengesellschaft
Dircksenstraße 42-44
10178 Berlin
Germany
Phone: +49 (0)30 2801-0
Fax: +49 (0)30 2801-1000
E-mail: ir@psi.de
Internet: www.psi.de
ISIN: DE000A0Z1JH9
WKN: A0Z1JH
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart

End of News DGAP News-Service

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