Sit — Regulatory Filings 2020

Jun 16, 2020

Informazione Regolamentata n. 20105-37-2020		Data/Ora Ricezione 16 Giugno 2020 15:13:54	MTA
Societa'	:	SIT S.P.A.
Identificativo Informazione Regolamentata	:	133910
Nome utilizzatore	:	SITN03 - Vettoretti
Tipologia	:	REGEM
Data/Ora Ricezione	:	16 Giugno 2020 15:13:54
Data/Ora Inizio Diffusione presunta	:	16 Giugno 2020 15:13:55
Oggetto	:	MeteRSit obtains CPA (Commercial Product Assurance) certification and enters UK market
Testo del comunicato

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PRESS RELEASE

Smart Gas Meter Cyber Security MeteRSit obtains CPA (Commercial Product Assurance) certification and enters UK market

Timeline announced to the market met. Federico de' Stefani (Chairman and CEO of SIT): "Extraordinary result of three years of hard work which confirms the excellence of SIT's products and processes"

Padua, June 16, 2020 – MeteRSit, a SIT Group company which designs, manufactures and distributes smart gas meters, has obtained, for the Domusnext® 2.0 MMU6 domestic gas meter, Britain's National Cyber Security Centre's (NCSC) Commercial Product Assurance (CPA) certification.

CPA-certified products guarantee data integrity and communication security against fraud and cyber-attacks. The certification covers not only the product, but also the integrity of the company's processes over the entire life cycle - from design and production, to field operations and end-of-life disposal.

The CPA certification completes MeteRSit's UK market certification process, having obtained in recent weeks MID (Measuring Instruments Directive) approval from the Nederland Meetinstituut (NMi) notified body, which guarantees gas measurement accuracy, and the certification from the ZigBee Alliance, which guarantees the compliance of the communication protocol with the Smart Energy Profile 1.4 standard.

"CPA certification is required to enter the British market, one of Europe's largest with over 23 million gas metering points and approx. 1.9 million domestic gas meter installations in 2019. Over the coming weeks, our customers will begin to test our products in the field in Great Britain" stated Federico de' Stefani, Chairman and Chief Executive Officer of SIT S.p.A. "This certification process, among the most complex and comprehensive globally, recognises the excellence of our work and the security of SIT's products. A warm thanks - underlines de' Stefani - goes to all the MeteRSit team members for this extraordinary result - achieving its goal on time and as announced to the market. We enter the British smart gas meter market ready to build, also in this case, a story of growth and success".

SIT Group products - both in the Heating and Smart Gas Metering divisions - are also already compatible with the use of alternative gas sources (e.g. biomethane) in accordance with the green energy and environmental sustainability vision of the Italian multi-national headquartered in Padua - and also in view of the carbon reduction objectives of the European Union's New Green Deal.

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The SIT Group, through its two divisions Heating and Smart Gas Metering, creates intelligent solutions for climate control and consumption measurement for a more sustainable world. A market-leading multinational company, listed on the MTA segment of Borsa Italiana, SIT aims to be the number one sustainable partner for energy and climate control solutions for its customers, focusing on the research and use of alternative gases with low environmental profiles. The Group has production sites in Italy, Mexico, the Netherlands, Romania and China, in addition to a commercial structure covering all global markets.

Investor Relations SIT Spa Press Office

Paul Fogolin E. paul.fogolin@sitgroup.it T. +39 049 829 3111

Mara Di Giorgio E. mara@twin.services M: +39 335 7737417

Chiara Bortolato E. chiara@twin.services M. +39 347 853 3894