Landis+Gyr wins Tender Award by Israel Electric Corporation
Landis+Gyr Group AG / Key word(s): Contract
Landis+Gyr wins Tender Award by Israel Electric Corporation
23-Dec-2022 / 07:00 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 – December 23, 2022 – Landis+Gyr AG (Switzerland), a subsidiary of Landis+Gyr Group AG (SIX: LAND), has been awarded a tender to supply 565,600 residential smart electricity meters – this quantity may be extended by Israel Electric Corporation (IEC) by means of multiple options and to the limit of 4,200,000 units. 40% of the above quantities will be allocated to a third party meter supplier as required by the tender rules. Landis+Gyr AG will also provide the head-end system and a set of services for the maintenance of the existing meter data management system and related applications.
"We are thrilled to be selected as partner for this extensive project and look forward to working together with IEC to upgrade their infrastructure with our state-of-the-art metering technology”, said Bodo Zeug, Head of EMEA at Landis+Gyr.
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
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 6,800 talented people across five continents. For more information, please visit our website www.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: 1520527
End of Announcement EQS News Service
1520527 23-Dec-2022 CET/CEST