ZUG, Switzerland, Oct. 18, 2013 /PRNewswire/ -- Landis+Gyr, the world's leading provider of smart grid and smart metering solutions, received the 2013 AMI Company of the Year Award at the Frost & Sullivan Excellence in Best Practices Awards Banquet held in Paris last night.
Frost & Sullivan Best Practices awards recognize 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 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."
As the world's leader in advanced metering solutions, Landis+Gyr has nearly 8,000 utility customers and an installed base of over 300 million electricity meters. In recent weeks, the company has unveiled a number of major contracts with utilities across the globe, including the largest two awarded in the industry, Tokyo Electric Power Company (TEPCO) and British Gas.
"Landis+Gyr is proud to have been awarded this distinguished recognition by Frost & Sullivan," said Andreas Umbach, Landis+Gyr's President and CEO. "Being named as the 2013 AMI Company of the year is a testimony to our 5,300 employees, and their tireless efforts, as well our customers, and the confidence they have demonstrated in selecting our products, solutions and services."
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, an independent 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 5,300 people with the sole mission of helping the world manage energy better. More information is available at landisgyr.com.