Landis+Gyr and CURRENT Group Announce Industrial Partnership Agreement to Deliver Smart Metering and Smart Grid Solutions to Spain and Portugal

Cooperation agreement will enable the deployment of smart, fully open and interoperable end-to-end energy management solutions in Portugal and Spain, two of Europe's fastest growing smart grid markets.

SEVILLE, Spain and ZURICH, July 14, 2010 - Landis+Gyr and CURRENT's European entity CURRENT Technologies
International GmbH, have signed an agreement to deliver smart, open and
interoperable energy management solutions. The agreement is a key ingredient
in addressing the challenge to come in implementing smart grid and smart
metering technologies in Spain and Portugal.

Landis+Gyr and CURRENT have joined efforts to deliver standards-based
smart grid solutions by integrating CURRENT's PRIME technology into the
Landis+Gyr Gridstream advanced product line.

"This agreement puts Landis+Gyr in the pole position for the deployment
of smart metering in Spain and Portugal. Together with CURRENT we will build
a PRIME interoperable path, which will support utilities - either directly or
in stages - in implementing the smart grid," said Javier Jimenez, CEO,
Landis+Gyr Spain.

"Interoperability of standards-based smart grid products, including smart
meters, is one of the key foundations of an interconnected system spanning
the customer, distribution, and transmission grids. In order to ensure the
seamless flow of data, interoperability becomes the crucial factor. Open
standards form the necessary basis for interoperability. CURRENT partnered
with the expertise of Landis+Gyr provides utilities with low investment
solutions that are easy to deploy and deliver fast measurable results that
get the job done," said Angel Hernandez, General Manager of CURRENT Group
Europe.

Due to increased pressure on European distribution systems to handle
intermittent renewables, increased load, and new forms of electricity
generation along with new two-way communications and data management systems,
traditional energy infrastructure is shifting to real time smart systems.

As the world's leading provider of integrated energy management
solutions, Landis+Gyr is also a key member of the PRIME Alliance along with
CURRENT. For the deployments with CURRENT, Landis+Gyr combines its
state-of-art E450 residential smart electricity meter, which implements PRIME
power line communication technology, with its Gridstream AIM software
solution - both essential ingredients for establishing powerful smart
metering infrastructures, a key step towards realizing the smart grid.

Under the terms of the cooperation agreement, Landis+Gyr will now offer
CURRENT Smart Grid(R) products, which provide seamless integrated solutions,
making grids more reliable and efficient. The offer includes the full range
of CURRENT hardware and software smart grid products. CURRENT hardware
includes the meter data concentrator, intelligent sensors and advanced
communications equipment. CURRENT's OpenGrid(TM) software makes advanced
metering possible and optimizes the operation of the distribution grid.

This partnership provides customers in Spain and Portugal with an
end-to-end solution that is market proven, designed for simple and speedy
implementation.

CURRENT and Landis+Gyr are committed to implementing standards-based,
interoperable products and driving international standardization initiatives
into the Spanish and Portuguese markets. With these agreements, CURRENT and
Landis+Gyr have established the basis to provide "PRIME-interoperability" as
a key feature of the Landis+Gyr Gridstream solution portfolio for Spain and
Portugal.

About CURRENT

CURRENT Group, LLC delivers innovative and industry-leading intelligent
solutions that optimize the distribution system and offer utilities new ways
to monitor and manage the health of the grid. Through CURRENT's distributed
sensing, monitoring, and analytical technologies, utilities are better able
to understand, predict and respond to system disturbances and faults,
identify where inefficiencies are, and enable the smartest possible sourcing
and distribution of power.

CURRENT's state-of-the-art technologies are being implemented by
utilities around the globe and are being utilized in the largest and most
advanced demonstration projects in the world. CURRENT is a private company
founded in 2000 that is backed by leading investors including Liberty
Associated Partners, EnerTech Capital, Google, Inc., and Goldman Sachs & Co.

CURRENT is headquartered outside of Washington, DC, with offices
throughout the United States and in Switzerland, and has representation in
Australia, France and the United Kingdom.

For more information, visit www.currentgroup.com.

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 30 countries across five continents, and employs nearly 5,000 people with
the sole mission of helping the world manage energy better.

Gridstream is Landis+Gyr's complete energy management offering that
addresses all of a utility's energy needs in one, thereby providing a solid
foundation for the installation of smart metering and, ultimately, the
development of the smart grid.

For more information, visit www.landisgyr.com.

About PRIME

The PRIME ALLIANCE (PRIME = PoweRline Intelligent Metering Evolution) is
focused on the development of a new open, public and non-proprietary telecom
solution which will support not only smart metering functionalities but also
the progress towards the smart grid. Power line communication is the most
suitable and natural technology to provide the needed telecoms performance,
even in complex underground electricity grids. PRIME calls for a new public,
open and non-proprietary telecommunications architecture that will support
the new AMM functionality and enable the building of the electricity networks
of the future, or smart grids. PRIME is based on OFDM multiplexing in
CENELEC-A band. The end objective of PRIME is to establish a complete set of
standards on an international level that will permit interoperability among
equipment and systems from different manufacturers.

Lori Reslock, Vice President Global Marketing, CURRENT Group, LLC, USA, +1-301-944-2824, Cell: +1-518-637-2179; John Harris, Vice President and Head Communications EMEA, Landis+Gyr AG, +41-41-935-6439, Cell: +41-76-315-36-10