EANS-News: S&T AG secures largest commission in corporate history
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Subtitle: S&T to supply smart grid technologies worth 20 million dollars
Contracts/Order
S&T AG's new smart energy business area has secured the largest order in the
company's history. The order encompasses S&T's supplying smart meters (of which
there will be a total of 330,000) and associated technologies and the management
software requisite to operate the items. The customer is a consortium. It in
turn has been commissioned with Europe's first major-sized smart metering
project. The implementation of it will start at the end of September. The order
is worth some 20 million dollars to S&T. Its delivery of items is to start in
the first quarter of 2015.
The order comprises S&T's delivering smart metering units (of which there will
be a total of 330,000) plus the head-end hardware and software system requisite
to operate these. S&T's customer is a Korean-Polish consortium. It, in turn, won
a tender placed by Poland's largest energy supplier. The tender is for the
equipping of the municipality of Wroclaw, which has a population of 630,000,
with smart electricity meters. The commission means some 20 million dollars of
business for S&T. Test deliveries are to be made in the fourth quarter of this
year. The roll out is scheduled for the first quarter of 2015. Revenues of some
3 million dollars are expected for each quarter.
This "Smart City Wroclaw" project features the installation of AMI (Advanced
Metering Infrastructure). Many such projects are planned for Europe. This is one
of the largest currently being realized. The project's key goals are the
enabling and assuring of the proactive determination of consumption and the
achieving of an especially high level of security from grid outage. The grid
also permits consumers to utilize - via an online-platform - query and
notification features. These include the alerting of consumers to the exceeding
of self-imposed limits on daily consumption.
Taking the commission into account, S&T is planning the attainment in 2015 of
sales of EUR 465 million. This would represent a rise of 24% over the EUR 375
million forecast for 2014. Viewed generally, the smart energy segment is
developing well and growing strongly. This is being furthered by the strong
support being accorded by the European Union to the use of smart electricity
meters, and by the ever-growing share of energy stemming from alternative
sources. Upon the conclusion of the Smart City pilot project in Wroclaw in 2016,
the energy supplier plans to tender a commission with a volume of 4 million
meters and a previewed value of more than 400 million dollars. The commission
will be for all of southern Poland.
S&T AG
S&T AG (www.snt.at, ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) is listed on the Prime
Standard segment of the Frankfurt Stock Exchange. The company has some 2,100
employees. It operates in 20 countries. S&T is one of the three largest
suppliers of IT systems in Austria and in Eastern Europe. S&T's prime assets
include the breadth of the products - many proprietorially developed -
comprising its portfolio. These products are used in the smart energy, cloud,
security and mobile IT sectors. The portfolio is distributed throughout Central
and Eastern Europe. S&T launched its "smart energy" business area in 2014. Due
to the investment closed on September 30, 2014 in the in smart grid division of
Echelon, this area now comprises a 40% stake in the newly-founded Networked
Energy Services Corp. (NES) (www.networkedenergy.com), and holdings in the
Austria-based Ubitronix GmbH (www.ubitronix.at) and the Group subsidiary RTSoft
(www.rtsoft.ru/en). These companies provide S&T with an unsurpassed portfolio of
smart energy technologies. This portfolio enables S&T to offer comprehensive,
end-to-end solutions in this area.
Smart grids
...are "intelligent". This means that they enable bidirectional communication
between energy suppliers and consumers. The smart meters installed on consumers'
premises employ a low-voltage power grid to communicate with a head-end system,
which aggregates the data supplied to it by the smart grid's components. These
flows of data enable the real-time determination of levels of grid utilization.
This, in turn, permits the intelligent distribution of such loads. It also
allows for the pricing of electricity in accordance with supply and demand. The
growing share of energy stemming from alternative sources is the prime driver of
the deployment of smart grids. This is because the grid technologies previously
used are not capable of handling such systems' characteristics.
Further inquiry note:
ir@snt.at
+43 (732) 7664 - 0
end of announcement euro adhoc
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company: S&T AG
Industriezeile 35
A-4021 Linz
phone: +43 664 6119214
FAX: +43 1 80191 1290
mail: ir@snt.at
WWW: www.snt.at
sector: Computing & Information Technology
ISIN: AT0000A0E9W5, DE000A1HJLL6
indexes:
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English