Landis+Gyr signs five-year smart meter deal with AEP

New York, NY, June 1, 2009 – Landis+Gyr, an energy management and utility smart grid system firm, announced a five-year advanced metering contract with AEP Texas, a unit of American Electric Power.

Under the agreement, Corpus Christi-based AEP Texas will deploy Landis+Gyr’s Gridstream advanced metering system 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 nmanage 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.

Including the contract with AEP, Landis+Gyr has now signed agreements to deploy approximately 4 million smart meters with Texas utilities.

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