Landis+Gyr Earns Multiple Honors from Frost & Sullivan for its Outstanding Growth Born of its Visionary Innovation in the Advanced Metering Market
Landis+Gyr's multi-dimensional implementation of best practices to enhance its portfolio and operational efficiency will entrench its leadership position in the market
MOUNTAIN VIEW, California, June 21, 2016 /PRNewswire/ -- Based on its recent analysis of the advanced metering infrastructure (AMI) market, Frost & Sullivan recognizes Landis+Gyr with two prestigious awards—the 2016 Global Frost & Sullivan Award for Technology Leadership and the 2016 Global Company of the Year Award. Landis+Gyr's dominance of the AMI market is largely a result of its strong R&D culture, technology development, and wealth of intellectual property. Its revolutionary solutions and commitment to facilitating better energy management across the globe have elevated its position in the competitive AMI market.
In line with utilities' evolving needs, Landis+Gyr has continually innovated to develop end-to-end, advanced solutions. Its unique approach to innovation ensures that it focuses on standard product offerings as much as its customized and future-ready solutions. A case in point is its Gridstream® solution, a smart grid platform that combines metering, communications, network management, software, grid and consumer applications, and professional services in a single, secure, integrated system. Supplementing its Gridstream solution, Landis+Gyr also released its enhanced OS for demand response and load management applications.
Landis+Gyr has developed one of the leading network architectures in the industry. As demonstrated by the largest AMI deployment in the world, the company today has more than 5.5 million endpoints communicating via RF mesh, PLC and cellular technologies under a common head end system for its Gridstream solution deployment at TEPCO. When completed, this IPv6, open-standard platform will enable one of the largest internet of things systems anywhere. This is a major advancement in terms of network capability, which enables various elements of the Gridstream suite, including energy distribution intelligence, and customer analytic solutions.
"Landis+Gyr is transforming the way energy is delivered by solving the complex problems utilities face today," said Frost & Sullivan Senior Industry Analyst Gautham Gnanajothi. "Utility business models are rapidly changing, and AMI functionality is a key enabler. From devices to network solutions and services, Landis+Gyr stands at the forefront of these dynamics"
Open standard platforms give utilities the flexibility to work with several vendors and tailor solutions to the local and individual needs of utilities by customizing each component within the solution architecture, physical network, and communications technology. Landis+Gyr has demonstrated leadership in helping develop and ratify standards, embracing the use of application programming interfaces (APIs) and demonstrating willingness to work with potential competitors.
Landis+Gyr has a customer base of more than 7,000 utilities and the industry's largest installed meter base of 300+ million installations. It won groundbreaking project deals in 2015 across the globe, and enjoyed substantial success in North America, Latin America, Europe, and Asia-Pacific. It signed 44 contracts for smart grid technology and services in new business, mainly in AMI network deployments in North America. Key wins in Europe include a contract to deploy Linky meters for French national electricity distributor, Enedis, and notable project wins in Poland, Austria, and the Netherlands.
In addition to organic growth, the company has expanded through a series of strategic acquisitions. For instance, its acquisition of PowerSense, a smart grid technology company, and GRIDiant, a specialist in grid connectivity technologies, have greatly enriched its portfolio. The integration of the connectivity models of GRIDiant, high-quality supervision and control systems, the optical sensor technologies of PowerSense, and the existing portfolio of Landis+Gyr has given shape to several sophisticated products.
Landis+Gyr's impressive growth from a metering business to the top rung of the AMI market has endowed it with enough experience to empower utilities and end customers to improve their energy efficiency, reduce energy costs, and contribute to a sustainable use of resources. Furthermore, its expertise in tracking and studying Mega Trends helped it anticipate the digitalization of meters, rising prominence of data analytics, and the importance of smart meters as key ingredients in smart grid capabilities.
"Meanwhile, to address the ongoing structural changes in the market, the company has launched a global initiative to improve its organizational structure and lower production costs," noted Gnanajothi. "It is working towards centralizing its manufacturing activities for different product groups at regional competence centers; thereby, optimizing economies of scale and capacity utilization."
Each year, Frost & Sullivan presents the Technology Leadership award to the company that has demonstrated uniqueness in developing and leveraging new technologies that significantly impact both the functionality and the customer value of new products and applications. The award lauds the large R&D spend towards innovation, its relevance to the industry, and the positive impact on brand perception.
Frost & Sullivan also presents the Company of the Year award to the enterprise that has demonstrated excellence in terms of growth strategy and implementation. The award recognizes important innovations in products and technologies and the resulting leadership in terms of customer value and market penetration.
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.
About Landis+Gyr
Landis+Gyr is the leading global provider of integrated energy management solutions for the utility sector. Offering the broadest portfolio of products and services to address complex industry challenges, the company delivers comprehensive solutions for the foundation of a smarter grid including; smart metering, distribution network sensing and automation tools, load control, analytics and energy storage. Landis+Gyr operates in 31 countries across five continents as an independent growth platform of the Toshiba Corporation (TKY:6502) and is also 40% owned by the Innovation Network Corporation of Japan (INCJ). With annualized sales of more than US$1.5 billion, the company employs 6,000 people with the sole mission of helping the world manage energy better.
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