Toshiba and Landis+Gyr Take Another Step Toward the Smart Community

Wed Feb 6, 2013 8:00pm EST

* Reuters is not responsible for the content in this press release.

-- Toshiba Acquires Consert, Leading-Edge Intelligent Solution Provider for Smart Grid
Deployments

TOKYO, ATLANTA, and SAN ANTONIO, Feb. 7, 2013 /PRNewswire/ -- Toshiba Corporation (Tokyo
: 6502) today announced that it has acquired privately-held Consert Inc., an intelligent
energy management company that converts electric consumption in homes and small
businesses into cost-effective clean sources of capacity and energy reserves for
utilities. The purchase makes Consert a Toshiba subsidiary that will enhance Toshiba
Group's smart community business in the United States. Operations in North America will
be integrated with Landis+Gyr, the leading global provider of integrated energy
management products and a Toshiba Group company.

Consert, through its Virtual Peak Plant(TM) (VPP) offering, is able to deliver a
fully-integrated, intelligent load management solution for utilities. VPP provides
improved forecasting and capacity management, real-time outage management information,
remote service connections and significantly improves customer service as well as
end-consumer communications and energy efficiency.

"Consert is an ideal fit with Toshiba, a global leader in power generation, and the
acquisition will add a new level of technology to our smart community business," said
Takeshi Yokota, Toshiba Corporation Executive Officer and Corporate Vice President.
"Smart community is a fundamental solution that includes energy management on both the
demand and supply sides, along with management of transportation, water and in the
medical field. Consert adds significantly to our smart community portfolio and advances
our ability to propose industry-leading solutions in power supply and demand. We are now
better positioned to support major utilities in generating and delivering stable power
supply and to ensure end-user environments that optimize energy use and maximize energy
savings."

"We are pleased to be integrating the business and employees of Consert into the
Landis+Gyr America's team, while their know-how and technology will be used throughout
Toshiba--and in particular within the Smart Community Division," commented Richard Mora,
Landis+Gyr's President and CEO for the Americas region. "We see the addition of the VPP
as an important extension of our current offering and our first true demand response
platform. Customer interest in this solution, allowing their consumers to manage energy
better, is extremely high."

Roy Moore, Consert's Co-founder and Chief Development Officer added, "This step by
Toshiba and Landis+Gyr is a huge milestone for our employees, partners and owners. It
validates what our customers already know about the VPP--it is a solution designed to
create and leverage a smarter grid."

About Toshiba 
Toshiba is a world-leading diversified manufacturer, solutions provider and marketer of
advanced electronic and electrical products and systems. Toshiba Group brings innovation
and imagination to a wide range of businesses: digital products, including LCD TVs,
notebook PCs, retail solutions and MFPs; electronic devices, including semiconductors,
storage products and materials; industrial and social infrastructure systems, including
power generation systems, smart community solutions, medical systems and escalators &
elevators; and home appliances. Toshiba was founded in 1875, and today operates a global
network of more than 550 consolidated companies, with 202,000 employees worldwide and
annual sales surpassing 6.1 trillion yen (US$74 billion). Visit Toshiba's web site at
www.toshiba.co.jp/index.htm [http://www.toshiba.co.jp/index.htm]

About Landis+Gyr 
Landis+Gyr is the leading global provider of integrated energy management products
tailored to energy company needs and 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$1.6 billion,
Landis+Gyr, an independent growth platform of the Toshiba Corporation (TKY:6502) and 40%
owned by the Innovation Network Corporation of Japan, operates in 30 countries across
five continents, and employs 5,200 people with the sole mission of helping the world
manage energy better. More information is available at landisgyr.com. 

About Consert 
Consert converts electric consumption in homes and small businesses into cost-effective,
clean sources of capacity and energy reserves for utilities. The Consert load management
solution is based on real-time, wireless technology that allows participants to conserve
energy using a web-based, home area network. Consert utilizes wireless networks to
provide real-time communication to the Consert data center. These highly secure networks
deliver fast data speeds and increased efficiencies for utilities.

Landis+Gyr

CONTACT:  Toshiba: Naomi Furuya, naomi.furuya@toshiba.co.jp +81-3-3457-2105
or Kaori Hiraki, kaori.hiraki@toshiba.co.jp; Landis+Gyr: Stan March,
+1-678-258-1321, Stan.March@landisgyr.com; Consert: Jeff Ebihara,
+1-616-218-9444, JEbihara@consert.com

Web site:  http://www.landisgyr.com/
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