PSI Concludes Partnership Agreement for Indian Energy Market

Joint Sales of PSI network management systems with Easun Reyrolle

Berlin, 19 December 2006 – The PSI AG has concluded a sales and implementation partnership with the Indian Easun Reyrolle Limited. Easun Reyrolle will be marketing the PSI network and operational management systems for electrical energy and network applications jointly with PSI in the Indian market and thereby provide combined implementation and service activities.

 

Easun Reyrolle is one of the leading Indian providers of protective, metering and automation technology for electrical energy. The company, which is listed on the stock exchange, has very good customer contacts in the fast-growing Indian energy market.

 

For Easun Reyrolle the leading PSI network control technology means an important competitive advantage in the home market. For PSI the partnership provides access to one of the largest and fastest-growing markets in Asia. The partnership with Easun Reyrolle is therefore an important milestone in the framework of PSI’s core business and internationalization strategy.

 

PSI AG develops and integrates individual solutions, on the basis of its own software, for the management of large networks (electricity, gas, oil, telecommunications, transport), cross-company production management (steel, machinery, automotive, logistics) and information management for government and service providers. PSI was founded in 1969 and employs more than 1,000 persons in the group.