Welcome to our dedicated page for Landis Gyr Group news (Ticker: LDGYY), a resource for investors and traders seeking the latest updates and insights on Landis Gyr Group stock.
Overview
Landis+Gyr is a globally recognized provider of integrated energy management solutions, specializing in advanced metering, smart grid innovations, and comprehensive energy analytics. With a legacy dating back to 1896, the company has consistently delivered technologies that empower utilities to improve grid reliability, optimize energy consumption, and streamline operational performance. Its portfolio encompasses state-of-the-art software, services, and intelligent sensor technologies that are at the forefront of decarbonizing energy grids worldwide.
Core Business Areas
The company’s core business is anchored in three primary areas. First, it develops and deploys advanced metering infrastructure (AMI) that facilitates detailed interval energy usage data for consumers and utilities alike. Second, it offers robust meter data management systems (MDMS) that enable real-time data processing and secure, end-to-end management of utility operations. Third, through its grid-edge solutions and distributed energy resources management systems (DERMS), Landis+Gyr supports sophisticated grid monitoring and automated control that enhance the operational resilience of utility networks.
Integrated Technologies and Services
Landis+Gyr distinguishes itself through a highly integrated suite of products and services that are designed to meet the multifaceted demands of modern utility operations. The company leverages key technological components including:
- Smart Grid Sensors: Devices that continuously monitor and capture grid data, ensuring precise energy management and immediate fault detection.
- Advanced Metering Solutions: Cutting-edge meters that not only measure consumption but also provide real-time analytics to drive operational insights.
- Meter Data Management Systems: Comprehensive software platforms that harmonize data from millions of meters, offering utilities enhanced metrology and billing capabilities.
- Grid-edge Intelligence: Integrated solutions and industry-grade applications that enable effective management of distributed energy resources and demand response initiatives.
Operational Excellence and Industry Impact
Underpinned by decades of expertise, Landis+Gyr maintains a reputation for operational excellence. The company’s solutions are pivotal in creating advanced energy networks that reduce consumption and promote efficiency. By harnessing high-resolution data and employing rigorous analytics, its systems provide actionable insights that allow utilities to optimize load management, monitor power quality, and streamline grid operations.
Partnerships and Collaborative Projects
Landis+Gyr’s ability to seamlessly integrate hardware with data-driven software solutions has led to key strategic partnerships with industry players such as Utility Partners of America and OATI. These collaborations enable large-scale deployments of advanced metering and network infrastructure projects, highlighting the company's commitment to enhancing grid resiliency and enabling flexible demand management. Through such joint initiatives, the company continuously evolves its service offerings to address the complexities of modern energy distribution and consumption.
Legacy and Global Expertise
With over a century of experience, Landis+Gyr stands as an enduring figure in the energy technology sector. Its time-tested solutions have not only transformed utility operations but have also played a significant role in community investments and technological advancements globally. By consistently delivering reliable, secure, and innovative energy management platforms, the company has earned the trust of utilities and consumers alike.
Technological Innovation and Market Position
The integration of advanced metering with intelligent sensor technology and sophisticated analytics platforms positions Landis+Gyr at the forefront of the smart grid revolution. The company’s offerings are designed to handle diverse energy use cases—from interval energy monitoring and load disaggregation to voltage management and outage resolution. Its suite of solutions supports a broad range of customers, including investor-owned utilities, municipal utilities, and industrial energy users, ensuring versatile application across varying market segments.
Conclusion
In summary, Landis+Gyr embodies decades of technological innovation and industry expertise. Through its comprehensive suite of integrated products and services, it has facilitated a transformation in how energy is managed and utilized. The company continues to serve as a critical enabler for utilities looking to modernize their operations, enhance grid resilience, and embrace the evolving needs of a digital energy ecosystem.
Landis+Gyr has joined the LOT Network, an initiative designed to protect companies from patent litigation by patent assertion entities (PAEs). This membership allows Landis+Gyr to focus on its innovative energy management solutions rather than on legal battles. The company, with over 125 years of expertise, has invested around 11% of revenues into R&D for advanced smart infrastructure. The strategic partnership with Google Cloud enhances their electric vehicle software capabilities, positioning them as a leader in sustainable energy management.
Landis+Gyr has unveiled a new range of recyclable smart ultrasonic water meters and advanced solutions for e-mobility at the Enlit Europe conference in Frankfurt from November 29 to December 1, 2022. The new water meters, W270 and W370, are designed to last over 15 years and feature IoT technology for enhanced data collection. The company also showcased its electric vehicle chargers, INCH Pro and INCH Duo, which optimize energy use and support grid resilience. With a focus on decarbonization and efficient energy management, Landis+Gyr continues to innovate in smart infrastructure.
Landis+Gyr's Revelo® meter has received approval from the New York Public Service Commission for electric metering applications. Following extensive testing, the meter complies with accuracy and reliability standards, making it a key component in New York's transition to a smart energy infrastructure. National Grid plans to deploy approximately 1.7 million electric meters and 640,000 smart gas meter modules. The Revelo technology enables real-time energy monitoring, enhancing operational efficiency and consumer data access.
Kajave, a Finnish distribution network operator, has successfully connected its Landis+Gyr AIM system to Finland's national Datahub using the Datahub Connector (DHC), enhancing efficiency and reducing operational costs. This integration simplifies access to metering data for over 3.7 million electricity points, facilitating faster supplier switches, which occur 400,000 times annually in Finland. The change eliminates the need for a redundant MDM system, streamlining processes for Kajave's service area of 60,000 customers and improving data availability and accuracy.
Landis+Gyr announced its H1 FY 2022 financial results, revealing a solid order intake of USD 773.2 million and a record-high backlog of USD 3,479.7 million, a 7.5% increase year-over-year. Net revenues rose 10.3% to USD 728.7 million despite supply chain challenges. However, adjusted EBITDA decreased by 31.2% to USD 48.7 million due to rising costs. Net income stood at USD 186.5 million with a diluted EPS of USD 6.57. Free cash flow was negative at USD (38.9) million due to inventory buildup, but FY 2022 guidance remains confirmed with expectations of a volume increase.
Landis+Gyr and Arizona Public Service (APS) have signed a contract to enhance the Gridstream AMI platform with the installation of 500,000 advanced meters over the next seven years. This agreement extends a previous AMI deal from 2015, allowing APS to improve its smart grid applications and energy management. APS, serving 1.3 million customers, aims to leverage data for better energy solutions and support clean energy initiatives. This collaboration signifies a commitment to modernizing critical infrastructure and enhancing operational efficiency.
Landis+Gyr showcased advanced solutions for energy monitoring and electric vehicle (EV) management at DISTRIBUTECH 2022. The firm highlighted its ability to enhance data management through cloud services and cutting-edge metering technology aimed at decarbonizing the grid. Key innovations included the certified Revelo meter, which improves connectivity and energy data insights, along with collaborations with Google Cloud for smart grid analytics. Additionally, Landis+Gyr introduced new software for managing EV charging, promoting sustainability and efficient data use.
Landis+Gyr has been awarded the 2022 Global AMI Company of the Year Award by Frost & Sullivan, acknowledging its innovative smart metering solutions that enhance energy management and customer value. The company leverages advanced technologies such as LTE-M and NB-IoT cellular communications in its products. With a focus on real-time energy pattern recognition, Landis+Gyr improves the transparency and efficiency of energy delivery. The company's commitment to decarbonization includes avoiding over 8.5 million tons of CO2 in FY 2020, with initiatives aimed at achieving carbon neutrality by 2030.
Landis+Gyr has committed to joining the Science Based Target initiative (SBTi) to set science-based targets for reducing carbon emissions. Following a previous announcement to achieve carbon neutrality by 2030, the company aims to set both near-term and long-term emission reduction goals in line with the Paris Agreement. Since 2007, Landis+Gyr has reduced its carbon footprint by 47% and helped avoid over 9 million tons of CO2 emissions in 2021. The SBTi commitment will enhance efforts in reducing emissions within operations and the supply chain.
Landis+Gyr Technology Inc. has secured a contract with Otter Tail Power Company to supply advanced metering infrastructure, software, and services to enhance the utility's energy grid across Minnesota, North Dakota, and South Dakota. The agreement entails the delivery of 175,000 advanced meters and a 20-year SaaS contract for data management and analytics. This initiative aims to improve outage management and empower consumers with better energy management through Landis+Gyr's innovative Revelo meters, highlighting the company's commitment to smart energy solutions.
FAQ
What is the current stock price of Landis Gyr Group (LDGYY)?
What is the market cap of Landis Gyr Group (LDGYY)?
What is the core focus of Landis+Gyr?
How does Landis+Gyr support modern utility operations?
What industries does Landis+Gyr primarily serve?
How does Landis+Gyr differentiate its products from competitors?
What role do partnerships play in Landis+Gyr’s business model?
Can you explain the importance of Landis+Gyr's MDMS platform?
What technological innovations is Landis+Gyr known for?
How does Landis+Gyr contribute to grid reliability?
