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    LAND   CH0371153492

LANDIS+GYR GROUP AG

(LAND)
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Delayed Swiss Exchange  -  05/25 11:30:04 am EDT
54.65 CHF   +0.74%
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Landis+Gyr : and National Grid sign Contract for Landmark Grid Modernization Project

07/02/2021 | 11:42am EDT

EQS Group-Ad-hoc: Landis+Gyr Group AG / Key word(s): Contract
Landis+Gyr and National Grid sign Contract for Landmark Grid Modernization Project

02-Jul-2021 / 17:40 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.


Deploying approximately 1.7 million advanced electricity meters and 640,000 smart gas meter modules, National Grid will become the first utility to comprehensively install next generation smart metering technology. This enables sub-second data analysis, machine learning and edge decision making.
 

Cham, Switzerland - July 02, 2021 - Landis+Gyr Technology Inc., a subsidiary of Landis+Gyr Group AG (SIX: LAND), has signed a 20-year contract with National Grid for a state-of-the-art grid modernization project that is set to open the next wave of smart metering capabilities for utilities.

National Grid will be among the first to deploy Landis+Gyr's Revelo(R) meter, the only residential meter to offer high-resolution sensing of streaming waveform data. The feature unlocks the potential to have real-time load disaggregation and decision making at the grid edge.

National Grid will deploy approximately 1.7 million advanced electricity meters and 640,000 smart gas meter modules across its Upstate New York service territory. Landis+Gyr's Gridstream(R) Connect platform will provide networking, edge intelligence at meters and devices, enhanced access to energy usage information and grid analytics.

'National Grid will be one of the first utilities to take the next step toward future grid capabilities with this deployment,' said Prasanna Venkatesan, Landis+Gyr's Executive Vice President of the Americas region. 'With next generation metering capabilities, interoperable networking capabilities and leading-edge applications for consumers, this project will verify the potential grid edge intelligence brings to a cleaner and more resilient energy future.'

Additionally, National Grid plans to utilize interoperable network components that work seamlessly with the Gridstream Connect platform and extend options for building out routing infrastructure.

The next generation of smart grid technology is a game changer for customer control and convenience, enabling advanced meters to communicate over multiple networks, stream high-resolution data and use pattern recognition to make remote decision making possible for real-time management of residential solar, EV charging and other loads.

About Landis+Gyr
Landis+Gyr is a leading global provider of integrated energy management solutions for the utility sector. Offering one of the broadest portfolios, we deliver innovative and flexible solutions to help utilities solve their complex challenges in Smart Metering, Grid Edge Intelligence and Smart Infrastructure. With sales of USD 1.4 billion in FY 2020, Landis+Gyr employs more than 5,000 people in over 30 countries across five continents, with the sole mission of helping the world manage energy better. For more information, please visit our website www.landisgyr.com.

Contact Media 
Melissa van Anraad 
Head of PR
Phone +41 41 935 6398 
Melissa.vanAnraad@landisgyr.com

Eva Borowski 
SVP Investor Relations & Corporate Communications 
Phone +41 41 935 6396 
Eva.Borowski@landisgyr.com

Contact Investors 
Christian Waelti 
Head of Investor Relations 
Phone +41 41 935 6331 
Christian.Waelti@landisgyr.com



End of ad hoc announcement
Language: English
Company: Landis+Gyr Group AG
Alte Steinhauserstrasse 18
6330 Cham
Switzerland
E-mail: ir@landisgyr.com
Internet: www.landisgyr.com
ISIN: CH0371153492
Valor: 37115349
Listed: SIX Swiss Exchange
EQS News ID: 1215113

 
End of Announcement EQS Group News Service

1215113  02-Jul-2021 CET/CEST

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© EQS 2021
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Financials (USD)
Sales 2022 1 482 M - -
Net income 2022 87,1 M - -
Net Debt 2022 86,0 M - -
P/E ratio 2022 21,4x
Yield 2022 3,93%
Capitalization 1 630 M 1 630 M -
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Nbr of Employees 6 500
Free-Float 88,9%
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