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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Schneider Electric SE    SU   FR0000121972

SCHNEIDER ELECTRIC SE

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SCHNEIDER ELECTRIC : and EMT sign agreement to develop electric vehicle charging solution in Estonia

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07/18/2011 | 09:25am EDT

Press Release

Schneider Electric and EMT sign agreement to develop electric vehicle charging solution in Estonia

Future standard solution will include energy management and mobile parking payment services

The partners will jointly enter the tender launched by the Estonian government to develop EV infrastructure in the country

Tallinn (Estonia), July 18, 2011 – Schneider Electric, the global specialist in energy management, and EMT, the leading mobile operator in Estonia, announced today that they have signed a business and technological agreement to build an electric vehicle charging solution for the Estonian market.

By combining their areas of expertise, the agreement will provide the two companies an opportunity to assess the market for an integrated approach to charging and payment. Schneider Electric will provide its quick-charging infrastructure technology, enabling 80% charging of a battery in less than 15 minutes, as well its energy management services for users and operators. EMT will provide its in-house mobile parking payment solutions and its know-how in end-user relations (web portal, help line, invoicing, etc.).

“Through the partnership with EMT, Schneider Electric reaffirms its ambition to offer simple, efficient and accessible charging solutions for future electric vehicle users in Estonia, said Kari Laine, President of Schneider Electric Finland and the Baltic States. By combining our expertise, EMT and Schneider Electric will be able to provide consumers with a unique solution to manage and pay for charging their electric vehicles.”

According to Valdo Kalm, CEO of EMT, developing a system for mobile payment of electric car charging is an interesting challenge and an opportunity to offer customers a new and innovative service. “EMT can utilize its 11-year experience in managing mobile parking in cities, said Kalm. With the service developed by EMT, contractual customers of all mobile operators can buy electricity for a car and park without prior registration. For customers, this means a significant improvement in usage and convenience.”

The infrastructure solution developed by Schneider Electric enables vehicle batteries to be charged safely, and optimizes the charging load according to the vehicle’s needs and the power available in the grid. Thanks to a built-in telecommunications system, the chargers can inform users of their availability, charging status and send information to the vehicle’s owner when the charging process is complete. Compatible with smart grid technology, the chargers will eventually be able to identify and select the energy sources available in the grid.

This agreement will allow the two partners to offer a standard solution and to jointly enter the tender launched by the Ministry of Economic Affairs and Communication (MEAC) of Estonia to develop a full-country quick-charging infrastructure for electric vehicle in coming year.

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Press Release

PRESS CONTACT SCHNEIDER ELECTRIC PRESS CONTACT EMT

Véronique Roquet Montegon

Corporate Press & Public Relations

Phone: +33 141 297 076

veronique.roquet-montegon@schneider-electric.com

Kaja Sepp

Public Relations

Phone: +372 6111386 kaja.sepp@emt.ee

About Schneider Electric

About Schneider Electric

As a global specialist in energy management with operations in more than 100 countries, Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in Utilities &

Infrastructures, Industries & Machine manufacturers, Non-residential buildings, Data centers & Networks, and in

Residential. Focused on making energy safe, reliable, efficient, productive and green, the Group’s 110,000 plus employees achieved sales of 20 billion euros in 2010, through an active commitment to help individuals and organizations make the most of their energy.

www.schneider-electric.com/company

About EMT

EMT is TeliaSonera subsidiary in Estonia. TeliaSonera provides network access and telecommunication services in the Nordic and Baltic countries, the emerging markets of Eurasia, including Russia and Turkey, and in Spain. TeliaSonera help people and companies communicate in an easy, efficient and environmentally friendly way. Our ambition is to be number one or two in all our markets, providing the best customer experience, high quality networks and cost efficient operations. TeliaSonera is also the leading European wholesale provider with a wholly-owned international carrier network. In 2010, TeliaSonera’s net sales amounted to SEK 107 billion, and at the end of December 2010 the total number of subscriptions was 156 million in 20 countries. The TeliaSonera share is listed on NASDAQ OMX Stockholm and NASDAQ OMX Helsinki. Read more at www.teliasonera.com

www.emt.ee

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