Under this agreement, Landis+Gyr will offer Grid Net's PolicyNet SmartGrid NMS™ and SmartNOS™ software platforms, and PolicyNet SmartAgents™ as key software components of its open standards based, highly secure, Smart Grid Solution to Australian and New Zealand utility customers, with a worldwide distribution option.

The agreement includes Grid Net’s PolicyNet SmartGrid Network Management System™ (NMS) together with the Smart Network Operating System™ (SmartNOS) and PolicyNet SmartAgent™ firmware, which runs embedded on Landis+Gyr smart meter devices.

Steve Jeston, CEO of Landis+Gyr Australasia, said, “Signing this agreement with Grid Net is yet another significant next step in our delivery of open standards-based smart grid platform options to our customers. Adding Grid Net software to our suite of offerings further positions Landis+Gyr as one of the most scalable, open, secure and cost-effective solution providers in the region supporting 4G/WiMAX and other IP-based networks such as fibre to the home. We are proud to be contributing to a stronger Australia by bringing global and local expertise to important smart grid infrastructure projects, and I am excited about the prospect of announcing further ground-breaking projects using our many solutions in the near future.”

Ray Bell, Founder and CEO of Grid Net, said, “We are very excited about Landis+Gyr becoming our strategic partner and a reseller of our software products in the rapidly growing Australian and New Zealand market. Today’s emerging Smart Grid v2.0 deployments will generate a vast amount of energy distribution and consumption data, and will require a real-time, reliable, secure, open standards-based, carrier-grade communications infrastructure that enables utilities to deploy smart grids that optimize energy distribution, reduce distribution related losses, implement system-wide demand response programs, enhance overall customer satisfaction, and lower their carbon footprint. This agreement allows both firms to reinforce our leadership roles in delivering the future smart grid today.”

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 over 30 countries across five continents, and employs nearly 5,000 people with the sole mission of helping the world manage energy better. More information at: www.landisgyr.com.

About Grid Net

Grid Net is the leading global real-time Smart Grid and Smart Home software platforms provider for utilities, partners, and customers. The all-IP Grid Net platforms are designed to integrate substation automation, distribution automation, smart meters, demand response, and load management with electric vehicles, buildings and homes to increase grid reliability, energy efficiency, renewable energy use, and customer satisfaction while reducing capital and operating costs. Grid Net’s all-IP platforms are utility-grade reliable and scalable, and built to meet regulatory and government Smart Grid interoperability and cyber-security standards. Headquartered in San Francisco, California, with offices in Sydney, Australia, Grid Net is backed by world class investors Intel Capital, Braemar Energy Ventures, Catamount Ventures, Cisco Systems, and GE Energy Financial Services. To learn more, visit Grid Net.