What truly sets us apart is that, we are ruthless and sincere in self-inspecting ourselves. Our team looks into our client's diversified needs by measuring, inspecting, assessing the identified and unidentified requirements, and forms a solid action plan to deliver what is needed. The level of safety and protection you provide for your human resources is paramount for the long term success of your organization we take pride in proclaiming that we fit this criteria perfectly. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.As a strategic partner of well-known fiber and fabric suppliers Dupont, from fabric development, and garment design to marketing and sales, we work closely with our fiber and fabric partners to provide the tailor-made and effective arc flash protective clothing and flame resistant garment solutions to meet different kinds of demands and critical needs of our customers. The issuer is solely responsible for the content of this announcement. Head of Investor Relations and Corporate CommunicationsĮmail: Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. PSI was founded in 1969 and employs 2,000 persons worldwide.
In 2019, PSI increased sales in the Energy Management segment with 1,030 employees by 16% to 115.8 million euros.īased on its own software products, PSI Group develops and integrates complete solutions for optimizing the flow of energy and material for utilities (energy networks, energy trading, public transport) and industry (metals production, automotive, mechanical engineering, logistics). PSI also intends to integrate the highly qualified team and the location near Zurich into the numerous major projects in Switzerland. With 17 employees, NEPLAN achieved annual sales of 3.8 million euros.
With the acquisition of NEPLAN, PSI is also preparing itself for export to customers who follow the fossil-fuel oriented DNVGL standard, which still requires loosely coupled offline network calculations. The economic effects of the acquisition, which go beyond the addition of sales and earnings, will develop over several years.
The integrated Deep Qualicision optimization ensures the optimal achievement of the respective national regulatory objectives and at the same time the protection of employee interests. Numerous connections can be created between network planning (PSIneplan), field force management (PSIcommand) and the control system (PSIcontrol), which significantly reduce the maintenance costs of the network equipment and improve availability (SAIDI) through an extended planning horizon and precise aging models. New algorithms are to be developed jointly in the future and marketed in high volumes via three product lines (electricity control systems, gas control systems, network planning).
This also applies analogously to the gas network simulation PSIganesi. PSI will enrich the real-time network calculations in the control systems with additional network calculation algorithms from the NEPLAN planning software. PSI expects continued growth in demand for network expansion for the integration of renewable energies, for electro-mobility and for sector coupling. The cloud-capable NEPLAN software is used in network planning and asset management by more than 500 customers in 110 countries worldwide. Founded in 1988, NEPLAN has made a name for itself not only as a provider of technologically and functionally leading software for planning, analysis, simulation, technical and commercial optimization of energy grid expansions for electrical networks, but also for the cross-linked areas of gas, water and district heating. PSI Acquires the Swiss Network Planning Software Specialist NEPLAN AGīerlin, OctoPSI Group continues to expand its strong position in the field of software for energy grids with the acquisition of the Swiss NEPLAN AG.