Deployment empowers Texas consumers to cut energy bills, greenhouse
                                 emissions

    NEW YORK, May 27 /PRNewswire/ -- Landis+Gyr, the global leader in
energy management offering utilities next generation "smart grid"
solutions, today announced a major four-year advanced metering contract
with Texas utility Oncor.

    Under the agreement, Oncor will deploy a next generation Landis+Gyr
advanced meter system (AMS) to empower seven million Texas consumers,
through 3 million points of delivery, to independently manage their energy
consumption, cut their energy bills and protect the environment.

    The $690 million Oncor project, which includes Landis+Gyr's AMS
solution and other project costs, is the largest AMS rollout undertaken in
Texas and one of the largest in the U.S. The national demand for
electricity is growing three times faster than power resources are being
added.

    "This is a significant win and confirms yet again our presence as a
global industry leader in smart metering," said Landis+Gyr CEO Cameron
O'Reilly. "Energy conservation is the critical 'fifth fuel' -- after coal,
gas, nuclear and alternative energy -- that must be harnessed to secure our
energy future. Through this contract Texas will now be able to manage
energy better."

    With significant technological progress and encouragement from
lawmakers and regulators, smart metering is expected to revolutionize
energy management and grid reliability across the globe. Smart metering
solutions provide utilities with a two-way flow of data required to manage
energy use, efficiency and demand response and network protection.
Consumers benefit from lower energy costs, and, crucially, a reduced carbon
footprint.

    "You cannot fix what you can't measure," said David Slump, CEO of
Landis+Gyr Energy Management Solutions in the U.S. "Our technology will
allow Oncor consumers to see real-time pricing in their bills, such as time
of use, time of year, time of day. That gives consumers control, so that
they can make more informed decisions to use power efficiently and
effectively. We are committed to helping Oncor deliver this enabling
technology to their consumers."

    Oncor CEO Bob Shapard noted the company went through a vigorous review
process that included technological capability, service quality and cost,
before ultimately choosing Landis+Gyr.

    "Our evaluation of possible vendors convinced us that Landis+Gyr's
metering and communications technology is the best fit for our system,"
said Shapard.

    U.S. demand for smart metering solutions is expected to grow rapidly in
the months ahead, thanks in part to the Energy Policy Act of 2005 which
mandates that all electric utilities consider implementing advanced
metering systems to increase efficiency.

    Analysts predict smart meters -- small, powerful communications tools
-- will form the foundation for a national, energy-efficient smart grid
distribution network needed to secure, protect and conserve power supply. A
recent California study found smart metering cut energy consumption by
upwards of 9%. In an Ontario study, researchers noted that a demand
reduction of 6.5% was feasible from customers simply having access to the
usage information from smart meters.

    Just a five percent drop in peak demand nationally would eliminate the
need for installing and running some 625 infrequently used peaking power
plants, translating into annual savings of $3 billion, a recent Brattle
Group study found.

    Landis+Gyr, whose operational headquarters is in Zug, Switzerland,
recently announced it was opening an office in New York to underscore its
commitment to the U.S. market, which accounts for more than a third of its
global business.

    The global group also announced it was uniting its family of clean tech
companies around the world under a common brand, Landis+Gyr, a name
synonymous with technological innovation in energy management for more than
a century. As part of the brand integration, former holding company Bayard
Group itself was renamed Landis+Gyr Holdings and its subsidiaries
Landis+Gyr, Cellnet+Hunt, Ampy Metering, Ampy+Email and Enermet, adopted
the Landis+Gyr name as their exclusive operating brand.

    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 30 countries across five continents, and employs over 5,000
people with the sole mission of helping the world manage energy better.

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