Frost & Sullivan 2013 Global Company of the Year Award Conferred on Landis+Gyr Company is lauded for its exceptional all-round performance in advanced meter infrastructure market
LONDON, March 19, 2013 /PRNewswire/ -- Based on its recent analysis of the Advanced Meter Infrastructure (AMI) market, Frost & Sullivan recognises Landis+Gyr AG with the 2013 Global Company of the Year Award. As the world's leading advanced metering solutions provider, Landis+Gyr operates in more than 30 countries, has nearly 8000 utility customers and has an installed base of over 300 million electricity meters.
As a result of its outstanding technology and service offerings, Landis+Gyr occupies the leadership position in terms of AMI meter sales in North America, Europe, Brazil and Asia Pacific participating in many of the biggest smart meter and smart grid projects in the world.
"A member of the Toshiba Group, Landis+Gyr unites its advanced smart metering technologies and services with the Toshiba group's comprehensive expertise in energy management," noted Frost & Sullivan Research Analyst Neha Vikash. "Such synergies allow the company to provide customers with sophisticated one-stop solutions that support optimum power monitoring and management."
In North America, the company has demonstrated its ability to offer superior customer value in successful projects with Pennsylvania utility (PECO), Californian utility Pacific Gas and Electric Company (PG&E), Southern California Edison, AEP Texas and Guam Power Authority (GPA). Landis+Gyr's Oncor project is current the firms largest advanced metering system rollout in the US, while its residential smart meter E-350 FOCUS AX, a solid-state advanced electric meter with integrated service switch, is widely deployed by large utilities across the region.
The company's performance in Europe has been equally exceptional. In 2012, Landis+Gyr completed the rollout of 200,000 smart meters and the deployment of load-shifting technology for electric-heated homes in Helsinki, Finland. Last year, it signed a major contract with Ericsson Eesti, to enable Estonia's largest distribution company, Elektrilevi, to fully move to smart metering by 2017.
"The company has been at the forefront of smart meter shipments in the United Kingdom, the Netherlands, Switzerland and Germany," added Vikash. "It has a strong presence in other major smart metering hotspots such as Scandinavia, Estonia, Central and Eastern Europe. In France and Spain, it continues to remain a strong player, even as it extends its reach into emerging markets such as Poland and Russia."
"The company's innovations focus on interoperability, open architecture and security," remarked Vikash. "Having the right product, servicing the customer properly, delivering in a timely fashion, having the right certifications and defining, as well as differentiating the product as compared to its competitors, are priority areas."
In the Asia-Pacific region, the company signed multi-year contracts with both SP AusNet and CitiPower/Powercor in Australia to provide smart meters to more than 1.5 million electricity end-users in the state of Victoria. These deployments represent the largest smart meter rollouts to date in Australia.
Landis+Gyr have built on its strengths with the strategic acquisition of Ecologic Analytics, a key participant in the meter data management (MDM) segment. This move ensures that Landis+Gyr have the capability to offer global utilities the software and MDM products they need to complete their smart grid offerings.
Frost & Sullivan presents this award to the company that has demonstrated excellence in growth strategy and growth implementation. The company is lauded for its customer value leadership and superiority in market penetration. A high degree of innovation in terms of products and technologies also underlie the award receipt.
Frost & Sullivan Best Practices awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
Landis+Gyr is the leading global provider of integrated energy management products tailored to energy company needs and unique in its ability to deliver true end-to-end advanced metering solutions. Today, the Company offers the broadest portfolio of products and services in the electricity metering industry, and is paving the way for the next generation of smart grid. With annualized sales of more than US$1.6 billion, Landis+Gyr, a standalone growth platform of the Toshiba Corporation (TKY:6502) and 40% owned by the Innovation Network Corporation of Japan, operates in 30 countries across five continents, and employs 5,200 people with the sole mission of helping the world manage energy better. More information is available at landisgyr.com.
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SOURCE Frost & Sullivan