Landis+Gyr Signs Contract with WEC Energy Group to Expand Existing AMI Program for Gas and Electricity
Landis+Gyr Group AG / Key word(s): Contract
Cham, Switzerland – March 1, 2023 – Landis+Gyr Technology Inc., a subsidiary of Landis+Gyr Group AG (SIX: LAND), and Wisconsin-based WEC Energy Group have signed an agreement to expand the Advanced Metering Infrastructure (AMI) coverage for gas and electric meters and extend the existing managed services agreement through 2038. The effectiveness of the agreement is dependent on regulatory approval of the aforementioned expansion of the AMI coverage.
The agreement includes 210,000 G480 ultrasonic gas meters, 750,000 AMI gas modules and 204,000 advanced electric meters. The extension of the managed service agreement, which originated with WEC Energy Group companies in 2001, means Landis+Gyr will continue managing the AMI network infrastructure and providing other services for the utilities over the next 15 years.
End of Inside Information
|Company:||Landis+Gyr Group AG|
|Alte Steinhauserstrasse 18|
|Listed:||SIX Swiss Exchange|
|EQS News ID:||1571355|
|End of Announcement||EQS News Service|
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