ATLANTA, Feb. 1, 2011 (GLOBE NEWSWIRE) -- Landis+Gyr, a global leader in energy management and advanced metering technology, and Mueller Systems, a leader in advanced metering solutions for water systems, have announced an agreement to deliver multi-service advanced metering systems to combination utilities. Mueller Systems is a subsidiary of Mueller Water Products, Inc. (NYSE:MWA), a leading North American provider of water infrastructure products and services.
The new agreement leverages Landis+Gyr's energy management systems and expertise with Mueller Systems' innovative water management technologies to address the challenges faced by utilities that manage both water and electric services.
Under the terms of the agreement, utilities will be able to deploy Landis+Gyr's electric meters and Mueller Systems' water meters in a single, two-way fixed network solution called Mi.Net™ - Mueller Infrastructure Network for Utilities. The many benefits of the Mi.Net™ system include on demand meter readings, e-mail alerts and alarms based upon near real-time information, and the ability to best manage water resources through on-going access to custom data and information.
"Utilities that manage both water and energy services need the most advanced smart grid solutions on one cost effective and integrated network," said Hassan Ali, vice president and general manager of Mueller Systems. "Our new relationship with Landis+Gyr simplifies the implementation and on-going management these multi-service utilities require while affording them the trusted expertise and systems of Landis+Gyr and Mueller Systems."
"The agreement with Mueller Systems represents another example of bringing together the best solutions available to meet the needs of our utility customers," said Jeff Carkhuff, vice president of Product Management. "This is one of many projects we are undertaking to further expand smart grid options to combination utilities."
Safe Harbor Statement
This press release contains certain statements that may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that address activities, events or developments that we intend, expect, plan, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on certain assumptions and assessments made by us in light of our experience and perception of historical trends, current conditions and expected future developments. Actual results and the timing of events may differ materially from those contemplated by the forward-looking statements due to a number of factors, including regional, national or global political, economic, business, competitive, market and regulatory conditions and the following:
- the level of spending on water and wastewater infrastructure;
- the demand level of manufacturing and construction activity;
- our ability to service our debt obligations; and
- the other factors that are described in the section entitled "RISK FACTORS" in Item 1A of our most recently filed Annual Report on Form 10-K.
Undue reliance should not be placed on any forward-looking statements. We do not have any intention or obligation to update forward-looking statements, except as required by law.
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$1.36 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 is available at .
About Mueller Systems
Mueller Systems offers a full line of residential, fire line and commercial meters, AMR / AMI systems and related products. Mueller Systems provides Smart Metering solutions to optimize the delivery and use of energy and water. Municipalities that supply electricity, water or gas – or any combination of the three services – need innovative ways to increase efficiencies, reduce costs, conserve energy and water, and improve customer service. The Mi.Net™ Mueller Infrastructure Network for Utilities from Mueller Systems meets that need. For more information about Mueller Systems, please visit the Company's website at .
About Mueller Water Products, Inc.
Mueller Water Products, Inc. manufactures and markets products and services that are used in the transmission and distribution of safe, clean drinking water and in water treatment facilities throughout North America. Our broad product portfolio includes engineered valves, fire hydrants, pipe fittings, water meters and ductile iron pipe, which are used by municipalities, as well as the residential and non-residential construction industries. With latest 12 months net sales through December 31, 2010 of $1.3 billion, the Company is comprised of three operating segments: Mueller Co., U.S. Pipe and Anvil. Based in Atlanta, Georgia, the Company employs approximately 4,800 people. The Company's common stock trades on the New York Stock Exchange under the ticker symbol MWA. For more information about Mueller Water Products, Inc., please visit the Company's website at .
CONTACT: Investor Contact: Martie Edmunds Zakas Sr. Vice President - Strategy, Corporate Development & Communications 770-206-4237 mzakas@muellerwp.com Media Contact: John Pensec Director - Corporate Communications & Public Affairs 770-206-4240 jpensec@muellerwp.com
