PSI Software SE

Regulatory Filings • May 28, 2008

News Details

Corporate | 28 May 2008 09:53

PSI: Joint-venture for the Russian energy market

PSI Aktiengesellschaft / Joint Venture

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The issuer / publisher is solely responsible for the content of this announcement.

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PSI: Joint-venture for the Russian energy market

PSI AG in Berlin and ru-Net Limited, a Russia focused Internet and IT
investment management company with representative office based in Moscow,
have signed a letter of intent concerning the establishment of the OOO PSI
Energo joint-venture based in Moscow. PSI Energo will concentrate on
control system solutions for the transport and distribution of electrical
energy as well as on combined energies control systems.

Over the next few weeks, a trained team of twenty engineers are to join the
joint-venture. PSI Energo plans to increase the number of engineers to
handle expected orders from the UES energy corporation and others. PSI will
hold a share of 24.9% in the joint-venture thereby giving it direct
involvement in end consumer business.

PSI AG develops and integrates individual solutions, on the basis of its
own software, for the management of energy networks (electricity, gas, oil,
water, heat), cross-company production management (steel, mechanical
engineering, automotive, logistics) and infrastructure management for
telecommunications, transport and safety. PSI was founded in 1969 and
currently employs more than 1,000 persons in the group. www.psi.de

PSI AG
Karsten Pierschke
Communications and Investor Relations
Dircksenstrasse 42-44
10178 Berlin
Germany

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

28.05.2008 Financial News transmitted by DGAP

Language: English
Issuer: PSI Aktiengesellschaft
Dircksenstraße 42-44
10178 Berlin
Deutschland
Phone: +49 (0)30 2801-0
Fax: +49 (0)30 2801-1000
E-mail: ir@psi.de
Internet: www.psi.de
ISIN: DE0006968225
WKN: 696822
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf

End of News DGAP News-Service

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