DGAP-News: OpenLimit Holding AG: Power for the Smart Meter Gateway - Elster collaborates with PPC and OpenLimit to create a complete interoperable BSI smart metering solution
DGAP-News: OpenLimit Holding AG / Key word(s): Letter of
Intent/Alliance
OpenLimit Holding AG: Power for the Smart Meter Gateway - Elster
collaborates with PPC and OpenLimit to create a complete interoperable
BSI smart metering solution
11.02.2014 / 09:30
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OpenLimit Holding AG
Zugerstrasse 76b
CH - 6341 Baar
Tel: +41 41 560 1020
Fax +41 41 560 1039
www.openlimit.com
ISIN: CH.002.223.700.9
OpenLimit Holding AG | Zugerstrasse 76b | CH - 6341 Baar
Corporate News
OpenLimit Holding AG: Power for the Smart Meter Gateway - Elster
collaborates with PPC and OpenLimit to create a complete interoperable BSI
smart metering solution
Baar, Mainz-Kastel, Mannheim, 11 February 2014 - Elster is offering its
German customers a complete interoperable BSI smart metering solution, in
which the gateway from PPC and OpenLimit will be integrated. The Smart
Meter Gateway meets the requirements not only of the Technical Guideline
and the BSI Protection Profile, but also of the PTB
(Physikalisch-Technische Bundesanstalt or Federal Physical and Technical
Institute) and the FNN (the VDE's Forum on Network Technology / Network
Operation).
Elster, one of the world's leaders in the area of smart metering, has
decided to enter into a partnership with PPC (a leading provider of smart
meter gateways and broadband power line systems) and OpenLimit SignCubes AG
(an IT specialist for secure data transfer). To this end, the three
companies signed a declaration of intent on 11 February, which will be
followed by a partner agreement in the near future.
In this solution, the entire know-how and wide-ranging experience of the
three companies is pooled together. Elster can thereby offer its customers
the option of realizing reference and pilot projects very early on.
Background
The rollout of smart metering in Germany is imminent. As a result of the
amendment of the Energy Act ('Energiewirtschaftsgesetz' or EnWG in German)
in the summer of 2011, the federal government passed some wide-ranging
requirements for the introduction of gas and electricity metering systems.
In the next few years, millions of metering systems will be installed.
Going forward, an almost nationwide expansion of smart metering in Germany
is envisaged. The compulsorily prescribed metering system (§ 21d EnWG)
consists of a combination of communication network and metering device. It
has to meet the requirements for data protection and data security set out
by the Federal Office for Information Security (BSI) in the BSI Protection
Profile and the Technical Guideline. The central component of the metering
system is the Smart Meter Gateway (SMGW), which acts like an interface
between end-customers and the different authorized market players, such as
measuring point or distribution system operators. The SMGW guarantees not
only protection of data for end-customers but also secure access to smart
grid applications (renewable energy producers, accumulators, eHome) and
therefore to grid-relevant market and operating processes. OpenLimit and
PPC already started work on the certification of a Smart Meter Gateway in
2012. The Gateway will meet the requirements of the Technical Guideline and
BSI Protection Profile as well as of the PTB and the FNN.
About Elster
Elster (www.elster.com) is one of the world's largest providers of
electricity, gas and water metering and regulation systems. Its range of
products includes distribution and regulation technologies, expanded smart
metering, demand response, network and software solutions and numerous
communication technologies and services, key components which allow
consumer choice as well as increasing operating efficiency and paying due
consideration to the environment. The company's products and solutions are
used by utility companies in both traditional and new smart grid markets.
Elster's products are widely installed all over the world, with more than
200 million of its metering devices in use. The company sells its products
and solutions in more than 130 countries for the areas of electricity, gas,
water and multi-utility applications for private, industrial, transmission
and distribution applications.
About Power Plus Communications
Power Plus Communications AG (www.ppc-ag.de), headquartered in Mannheim, is
a leading provider of broadband power line (BPL) communication systems and
BSI Protection Profile-compliant Smart Meter Gateways for secure smart
metering and smart grids. As a pioneer of BPL technology, PPC has
outstanding experience and expertise in the field of energy and
telecommunications. The Smart Meter Gateway, developed in partnership with
security specialist OpenLimit SignCubes AG, offers the utmost in data
protection and security in the area of smart metering.
Together with leading European distribution system operators and energy
providers, PPC has already expanded electricity grids supplying more than
500,000 households with BPL. In particular, its high level of robustness,
first availability on the counter and execution of the BPL data transfer
via the electricity grid make BPL the ideal communication platform for the
rollout of the BSI-compliant metering system in Germany. PPC also offers
white label and OEM solutions for system integrators and partners.
About OpenLimit
OpenLimit SignCubes AG (www.openlimit.com) was founded in 2002 and is a
wholly-owned subsidiary of market-listed OpenLimit Holding AG. The
company's headquarters are in Baar, Switzerland while it has a subsidiary
in Berlin, Germany. The group employs over 60 highly qualified staff.
OpenLimit stands for the secure electronic handshake. With our
technologies, we allow people and machines worldwide to communicate without
limits in ways that are secure, traceable and identifiable. We develop
enabling technologies and products in the following areas: digital
identities, electronic signatures, evidentiary value-preserving long-term
storage of data and documents and secure communication between machines.
Our technologies are an integral part of products from leading
manufacturers of IT applications for authorities and businesses, which have
an impact on the individual. We enter into targeted strategic development
and sales partnerships in order to position our technologies in different
applications and vertical markets.
Contact OpenLimit
OpenLimit Holding AG
Marc Gurov, CEO
Tel.: +41-41-560-1020
Fax: +41-41-560-1039
E-mail: ir@openlimit.com
Press Release with graphic material:
https://www.openlimit.com/en/about-openlimit/investor-relations-eng/public
ations.html
Legal information
The contents of this communication are for information purposes only and do
not constitute an investment recommendation, a subscription invitation or
an offer for the purchase or sale of securities from the company. OpenLimit
Holding AG shall not assume any liability for losses that could in any way
be associated with this communication or the information provided therein.
This shall apply in particular to any losses suffered as a result of
acquiring shares in OpenLimit Holding AG.
This communication includes forward-looking statements. Forward-looking
statements are statements that no not describe events from the past;
instead they also include statements on our assumptions and expectations.
Every statement contained within this press release which describes our
intentions, assumptions, expectations or predictions (as well as the
assumptions underlying these) is a forward-looking statement. These
statements are based on plans, estimates and forecasts currently available
to the management of OpenLimit Holding AG. Forward-looking statements
therefore only relate to the day on which they are made. We shall not
assume any obligation to refine such statements in the light of new
information or future events.
End of Corporate News
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11.02.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: OpenLimit Holding AG
Zugerstrasse 76 b
6341 Baar
Switzerland
Phone: +41 41-560-1020
Fax: +41 41-560-1039
E-mail: investor@openlimit.com
Internet: www.openlimit.com
ISIN: CH0022237009
WKN: A0F5UQ
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, München, Stuttgart
End of News DGAP News-Service
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251973 11.02.2014
OpenLimit Holding AG / Key word(s): Tender Offer 03.12.2013 11:29 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. ...