Landis+Gyr Chosen by China to Help Build World's Largest Smart Grid

BEIJING, Jan. 6, 2011 /PRNewswire/ -- Landis+Gyr, the world's largest smart meter solutions provider, today announced it has been selected by the State Grid Corporation of China, the country's leading power grid operator, to supply over 10,000 commercial and industrial advanced electricity meters for upcoming deployment in six provinces.

Landis+Gyr, which operates manufacturing and research and development facilities in China with more than 300 employees, was the only international smart meter vendor to win a contract to supply the polyphase commercial and industrial smart meters, which will provide unparalleled digital accuracy and reliability.  Twenty-five meter suppliers competed in the bidding process, widely seen as the first phase in a larger and more ambitious country-wide deployment.

"It would be difficult to overestimate the importance of this initial contract given the State Grid Corporation of China's stated determination to build a smart grid in the areas it operates," said Oliver Iltisberger, Landis+Gyr's Executive Vice President, Asia Pacific region.  "Landis+Gyr are thrilled at the prospect of partnering with the State Grid Corporation to help Chinese businesses and consumers manage energy better in the world's fastest growing economy."

In March 2010, Chinese Premier Wen Jiabao called for "pushing forward with building a smart grid" in an annual report to the National People's Congress.  Landis+Gyr is helping design the smart grid of the future by connecting utilities and consumers around the world via so-called smart meters, devices that provide two-way communication designed to save energy, cut costs and reduce greenhouse gas emissions.  Landis+Gyr is an industry leader in the Asia Pacific region, supplying leading edge smart meters in Australia and New Zealand, as well as providing tamper proof products in India.

"This win is a testament to Landis+Gyr's strong presence in China for more than 15 years and our ability to develop and produce meters for the local market," said Carrie Lin, Chief Executive Officer of Landis+Gyr China. "With our technology competence and experience in providing high quality meters, we are well positioned to support the smart grid roll out in China."

About Landis+Gyr

Landis+Gyr is the leading provider of integrated energy management solutions tailored to energy company needs. With a global presence and a reputation for quality and innovation, Landis+Gyr is 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$1.25 billion, Landis+Gyr operates in 30 countries across five continents, and employs nearly 5,000 people with the sole mission of helping the word manage energy better.

SOURCE Landis+Gyr