Landis+Gyr Most Recognized Smart Meter Solutions Provider
Global Leader in Energy Management Tops Greentech Research Awareness Survey
February 11, 2010 – The survey results revealed that 96% of North American utilities are familiar with Landis+Gyr and its industry-leading advanced metering infrastructure (AMI) solutions offering.
The survey is part of GTM Research’s recently issued report, The 2010 North American Utility Smart Grid Deployment Survey. More than 50 utility companies participated in the research.
“This survey outcome is testament to Landis+Gyr’s proud century-long legacy in the industry, our long-term value approach and our continued investment in developing our business,” said Landis+Gyr North American CEO Richard Mora. “We currently provide meter data services for utilities addressing nearly 10% of the electricity meters in the US. In addition, last year alone we added over 20 new customer AMI contracts to our backlog and this performance serves as a testament to the strength of our product offering and our employees focus on serving the customer. We will continue to invest in the growth of our business to drive utility and consumer confidence.”
The survey results are here:
Landis+Gyr has spent over $1.2 billion on more than a dozen acquisitions and investments over the past six years to build an undisputed global leader. At present, Landis+Gyr is the worldwide leader in smart metering services and has the largest installed meter infrastructure on the market. With an annual Research & Development spend of over $80 million spread across 16 R&D labs around the globe (three in the U.S. alone) and almost nearly 750 full-time R&D professionals, Landis+Gyr provides its consumers with the highest quality, most cutting-edge products available in today’s market.
“Achieving this level of brand recognition in North America is critical for us because it validates our deep roots in the smart grid technology industry,” said Landis+Gyr’s SVP Communications, Stan March. “But we are not going to become complacent. We are committed to protecting and building our brand not just in North America but across the globe.”
Smart metering solutions, expected to revolutionize energy management and grid reliability, provide a two-way flow of data between customer meters and utility back-end systems. With this two-way data flow, utilities will be able to offer customers a broad array of new pricing, demand response, and energy automation options that enhance the efficiency and reliability of the electric grid. Customers will benefit from more information, expanded choices, simpler and smarter management of their energy as well as the potential to reduce the environmental impact of their energy use.
The potential benefits are enormous. The U.S. Department of Energy recently estimated that if the U.S. grid were just five percent more efficient, it would be the equivalent of eliminating the fuel and greenhouse gas emissions of 53 million cars. And while energy demand is expected to increase by 30% by 2030, industry experts have suggested that aggressive investment in energy conservation – the “fifth fuel” – could keep demand almost flat between now and 2020.
Landis+Gyr has recently signed a number of major contracts with leading North American utilities, including Texas-based Oncor, AEP Texas, Pepco Holdings and the Sacramento Municipal Utility District.
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 over 30 countries across five continents, and employs over 5,000 people with the sole mission of helping the world manage energy better. For more information about Landis+Gyr, please visit the corporate website at www.landisgyr.com