LANDIS GYR GROUP AG U/ADR - LDGYY STOCK NEWS

Landis+Gyr (SIX: LAND) announced that Andreas Umbach, Chair of the Board of Directors since 2017, will not seek re-election at the Annual General Meeting scheduled for June 25, 2025. Umbach served the company for over seven years as Chair and 18 years in executive functions, primarily as CEO.

The Board will propose Audrey Zibelman, current independent member and Vice Chair, as the new Chair. Zibelman, who joined the Board in June 2023, brings extensive leadership experience in the international power sector, having served as CEO of the Australian Energy Market Operator and held senior positions at PJM, Xcel Energy, and Alphabet's X. Her nomination aligns with Landis+Gyr's increased focus on the Americas region, which currently generates over half of the Group's sales and earnings.

The Board plans to propose a new member at the June 2025 Annual General Meeting, with details to be announced later.

Landis+Gyr (SIX: LAND) and Open Access Technology International, Inc. (OATI) have announced a collaboration agreement to offer Landis+Gyr DERMS, Powered by OATI. This integrated solution combines OATI's webSmartEnergy® Enterprise DERMS platform with Landis+Gyr's connected grid edge solutions to help utilities leverage demand side assets into grid operations, enhancing grid resiliency and capturing decarbonization goals.

The collaboration aims to provide an end-to-end solution for managing the growing number of distributed energy resources (DERs), promoting real-time data exchange and driving economic and reliability benefits. The integrated platform offers advanced features for optimizing DER operations, managing demand response orchestration, and delivering robust analytics and forecasting capabilities.

Landis+Gyr AG, a global leader in energy management solutions, has been awarded the EcoVadis Platinum medal for outstanding sustainability performance. The company improved its overall score from 72 to 80, placing it in the top 1% of companies rated by EcoVadis in its peer group. This recognition highlights Landis+Gyr's strong commitment to sustainability and successful integration of sustainable practices across its operations.

The EcoVadis assessment evaluates 21 sustainability criteria across four core themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. Landis+Gyr received its highest score in the Environment dimension (90 out of 100), followed by Labor & Human Rights and Sustainable Procurement (80 out of 100 each), and Ethics (70 out of 100). This assessment helps the company measure performance, uncover risks, and identify areas for improvement in its overall ESG impact.

Landis+Gyr (SIX: LAND) has renewed its MDUS certification for its Meter Data Management System (MDMS) platform. This renewal enables utility customers using MDUS integration services to access new features for interval and time series billing. The latest version of the software, set for release in September, supports grid edge applications available in Landis+Gyr's Revelo® grid edge intelligence sensor and ultrasonic gas meters. It also enhances security controls and VEE methods for distributed energy resources (DERs), smart gas, and smart water AMI data.

Landis+Gyr's MDMS is part of the Gridstream® Connect platform and is used by utilities in nine countries, processing data from 87 million meters. The renewal reinforces Landis+Gyr's position in providing interoperable platforms for network and data management in the industry.

Landis+Gyr (SIX: LAND) has announced that its Revelo E660 C&I wide-voltage meter has received certifications from Measurement Canada and the New York Public Service Commission. This achievement paves the way for accelerated deployments in New York and Canada. National Grid has begun receiving shipments following approval by New York's Public Service Commission.

The Revelo E660, part of the Revelo platform for advanced energy management, is a grid edge sensor capable of streaming real-time current and voltage waveforms while providing traditional metrology functionality. It offers high-end, four-quadrant grid-meter measurement capabilities for the commercial/industrial segment, enabling utilities to provide real-time insights to customers and enhance situational awareness of demand variability, power quality, and circuit-level anomalies.

Key features of the E660 include high-resolution streaming, an onboard operating system, wide voltage availability, micro arc sensing, Wi-Fi certification, and Wi-SUN certification. Over 5 million Revelo sensing meters are under contract and being deployed in North America.

Landis+Gyr's annual user conference, Exchange 2024, brings together over 500 attendees to showcase flexible energy resource management and the cleantech transition to electrification. The event includes sessions on grid edge intelligence, demand management, and DER integration, providing a platform for industry leaders to network and share ideas.

Landis+Gyr, in partnership with Utility Partners of America, has reached over 50% completion of the advanced metering project at Louisville Gas and Electric Company and Kentucky Utilities Company. The project aims to provide interval energy usage data to customers and is expected to be finished by the end of 2025, creating job opportunities and investments for the community.

Landis+Gyr and Rhode Island Energy have agreed to deploy advanced smart metering technology for 530,000 electric customers. The agreement includes installation of Gridstream® Connect AMI network and Revelo® smart sensing meters for grid modernization and improved efficiency. The deployment aims to support electrification of transportation and integration of renewable energy resources, with advanced grid-edge processing for consumer engagement.

Landis+Gyr showcases flexibility management solutions at DISTRIBUTECH International 2024 conference. The company focuses on real-time grid edge decision-making for energy transition challenges.