PSI Result exceeds Expectations in the First Quarter

EBIT of about 0.8 million euros, New Orders 38 million euros

Berlin, 13 April 2007 – The PSI Group expects a positive EBIT of 0.8 million euros (Q1-2006: 8 kEUR) for the first quarter of 2007. With 38 million euros the new orders for the first quarter were below the level of the previous year (Q1-2006: 42 million euros), but exceeded clearly the average of the last years. For the second quarter the management expects a trend confirmation and again a positive operating result of more than 0.5 million euros.

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