| Landis+Gyr Group AG / Key word(s): Contract Landis+Gyr Signs Contract with WEC Energy Group to Expand Existing AMI Program for Gas and Electricity 01-March-2023 / 06:55 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Cham, Switzerland – March 1, 2023 – Landis+Gyr Technology Inc., a subsidiary of Landis+Gyr Group AG (SIX: LAND), and Wisconsin-based WEC Energy Group have signed an agreement to expand the Advanced Metering Infrastructure (AMI) coverage for gas and electric meters and extend the existing managed services agreement through 2038. The effectiveness of the agreement is dependent on regulatory approval of the aforementioned expansion of the AMI coverage. The agreement includes 210,000 G480 ultrasonic gas meters, 750,000 AMI gas modules and 204,000 advanced electric meters. The extension of the managed service agreement, which originated with WEC Energy Group companies in 2001, means Landis+Gyr will continue managing the AMI network infrastructure and providing other services for the utilities over the next 15 years. About Landis+Gyr Landis+Gyr is a leading global provider of integrated energy management solutions. We measure and analyze energy utilization to generate empowering analytics for smart grid and infrastructure management, enabling utilities and consumers to reduce energy consumption. Our innovative and proven portfolio of software, services and intelligent sensor technology is a key driver to decarbonize the grid. Having avoided more than 9 million tons of CO2 in FY 2021, Landis+Gyr manages energy better – since 1896. With sales of USD 1.5 billion in FY 2021, Landis+Gyr employs around 7,500 talented people across five continents. For more information, please visit our website www.landisgyr.com. Contact Media 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 Inside Information |
| 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: | 1571355 |
| End of Announcement | EQS News Service |
| |
1571355 01-March-2023 CET/CEST
