Landis+Gyr Unveils Five-Year Smart Meter Deal With AEP Texas

Deployment Empowers Consumers to Improve Energy Efficiency, Reduce Costs

NEW YORK, June 1 /PRNewswire/ -- Landis+Gyr, the global leader in energy
management and next generation smart grid solutions for utilities, today
announced a five-year advanced metering contract with AEP Texas, a unit of
American Electric Power (NYSE: AEP), one of the largest electric utilities in
the United States.

Under terms of the agreement, Corpus Christi-based AEP Texas will deploy
Landis+Gyr's Gridstream(TM) advanced metering solution across the utility's
Texas service territory. The Gridstream network will provide two-way
communications to 700,000 metering endpoints and enable more than two million
Texas consumers and businesses to better manage their use of electricity.

This advanced metering infrastructure deployment includes a two-way network
and features an advanced digital meter with load limiting and remote service
capability, along with connectivity to home area network devices. This will
allow AEP Texas to send energy consumption information and real-time pricing
signals to consumers as well as provide automated load management options.

"As the demand for electricity continues to outpace development of energy
resources, using smart grid technologies to improve energy management is a
critical piece to ensuring our energy future. AEP Texas is adopting technology
that will improve efficiency and help control rising costs, while making it
easier to utilize alternative sources of energy," said Richard Mora, CEO of
Landis+Gyr North America. "Landis+Gyr is proud to partner with AEP.
Gridstream provides a flexible, scalable and secure solution designed to meet
their demanding requirements for interconnectivity and information
management."

Landis+Gyr is helping design the smart grid of the future by connecting
utilities to important information and control points throughout the
distribution network. With Gridstream, utilities are able to offer consumers a
broad array of new pricing, demand response and energy automation options that
enhance the efficiency and reliability of the electric grid. Energy consumers
benefit from more information, expanded choices, and simplified management of
their energy while protecting the environment.

Texas continues to be one of the leading utility markets in changing the way
Americans manage energy. Including the contract with AEP, Landis+Gyr has now
signed agreements to deploy approximately 4 million smart meters with Texas
utilities.

In recent months, Landis+Gyr has unveiled a number of large-scale contracts
with utilities across the globe. In the U.S., Landis+Gyr has recently
announced major deals with Texas utility Oncor, Washington D.C.-based Pepco
Holdings and California utility Pacific Gas and Electric Company.

ABOUT LANDIS + GYR
Landis+Gyr is the leading provider of integrated energy management solutions
tailored to energy company needs. With a global presence and a reputation for
quality and innovation, Landis+Gyr is 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. With
annualized sales of more than US$1.25 billion, Landis+Gyr operates in over 30
countries across five continents, and employs over 5,000 people with the sole
mission of helping the world manage energy better. For more information about
Landis+Gyr Inc., please visit the corporate website at www.landisgyr.com

For more information:

Financial Community, please contact:
Stan March, Landis+Gyr, Senior Vice President, Corporate Communications
tel. 646-205-3119
Stan.March@landisgyr.com

Media, please contact:
Thor Valdmanis, FD
Tel. 212 850 5696
Thor.Valdmanis@fd.com

SOURCE Landis+Gyr

Financial Community: Stan March, Senior Vice President, Corporate
Communications, Landis+Gyr, +1-646-205-3119, Stan.March@landisgyr.com; or
Media: Thor Valdmanis of FD, +1-212-850-5696, Thor.Valdmanis@fd.com, for
Landis+Gyr