Landis+Gyr partners with TEXX
for a greener mobile future
Partnership in innovative new areas of industrial design to contribute to a low-carbon economy
Zug, Switzerland, 24 May, 2011 – Landis+Gyr, the leading global provider of energy management solutions, has signed a letter of intent (LOI) with TEXX and TEXXEnergy, Swiss charging station infrastructure and battery management solutions provider. The objective is to promote ecological mobility and to commonly explore potential business fields in the area of electric mobility, including charging station technology and other related systems.
Jon Stretch, Executive Vice President at Landis+Gyr EMEA said, “Landis+Gyr is proud to work with one of the most innovative players in the area of charging stations and battery management systems. Through this partnership, we can better examine what is going on at the forefront of the electric vehicles and charging industry. With joint development and pilot projects we want to be engaged in the development of this upcoming industry. We believe that electric vehicles can be a means of helping people to manage energy better. Landis+Gyr with its excellent position in smart metering, and TEXX, with its innovative battery management and charging station technology, have the potential to form synergies for successful cooperation.”
“TEXX is enabling a new dimension of electric mobility,” said Remo Estermann Jr, Chairman of TEXX, ”Cooperation with Landis+Gyr opens up exciting new opportunities for us in the development of smart grid integrated vehicles and charging infrastructure systems. Local storage systems are a key element of future energy management. This partnership allows us to seamlessly integrate our station2grid and vehicle2grid into existing and future infrastructures. Landis+Gyr’s long and international experience will help us to quickly adapt our systems to various markets with different regulations.”
As the world responds to concerns over warming and climate change, the advantages of electric vehicles are numerous. The take-up of electric vehicles is expected to have a massive positive effect on the environment in terms of reducing greenhouse gas emissions and pollution. Other advantages are the multiplicity of energy sources, reduced noise and the possibility of lower operating costs. In other words plug-in hybrids and battery electric cars can offer a sustainable transportation system for Europe’s future.
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. Landis+Gyr oper-ates in 30 countries across five continents, and employs 5,000 people with the sole mission of helping the world manage energy better. The company’s LTM revenue and adjusted EBITDA through March 2011 were US$1.59 billion and US$215 million respectively. Visit the company’s website at www.landisgyr.com.
The European Commission (EC) recently released its roadmap for a low carbon economy. The Commission recognises that consumers need to have the opportunity to contribute towards increased energy efficiency. In 2010, European Commissioner Antonio Tajani gave European standardisation organisations a mandate to develop a common charging system for electric vehicles. Three bodies, the European Committee for Standardisation (CEN), the European Committee for Electrotechnical Standardisation (CENELEC) and the European telecommunications Standards Institute (ETSI), are to put together a new standard that ensures that all types of electric cars, scooters and bicycles can be safely charged across all 27 EU member states.
The smart grid is seen as a key enabler of a low-carbon electricity system and will allow significant gains to be made through demand-side management and increased shares of renewables. The thread that ties all of these elements together is the energy infrastructure: the smart grid.
