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.
Landis+Gyr (LDGYY) delivers integrated energy management solutions through advanced metering infrastructure and smart grid technologies. This news hub provides investors and industry professionals with essential updates about the company’s operational developments and strategic direction.
Access timely press releases covering earnings announcements, product innovations, and partnership agreements. Our curated collection includes regulatory filings, technology deployment milestones, and executive leadership updates directly impacting utility sector advancements.
Key content focuses on grid modernization initiatives, meter data management system enhancements, and sustainability-driven projects. Users will find details about DERMS integrations, international expansion efforts, and cybersecurity developments relevant to energy infrastructure.
Bookmark this page for streamlined access to Landis+Gyr’s verified financial communications and technical announcements. Regularly updated to reflect the company’s role in shaping global energy efficiency standards and grid resilience solutions.
Etrel, a Landis+Gyr company, has partnered with ON Power to scale EV charging services in Iceland using the OCEAN charge point management system. This collaboration aims to meet the rising demand for electric vehicle infrastructure, with EV registrations exceeding 60% of new cars in 2022. The OCEAN software is a flexible platform that allows management of various charging locations through a cloud-based solution. As part of the rollout, ON Power will also integrate OCEAN with its ERP and CRM systems to enhance operational efficiency.
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.
