PSI Obtains Major Order from the Russian Energy Sector

Control system for the northwest region of the Federal Grid Company

Berlin, 24 September 2008 – The Russian joint venture OOO PSI Energo, which specializes in energy control technology, has been contracted by the JSC Federal Grid Company of Unified Energy System (JSC FGC UES/Russian: OAO FSK EES) to deliver the new control system for the high voltage network in the northwest region. The northwest region is one of eight network regions controlled by FSK EES and includes the north of Russia from St. Petersburg across the Finnish border to the Urals. The total value of the order is 17 million euros; it will serve as a pilot project for the Russian market.

FSK EES operates the country-wide Russian electrical transportation grid with 120,000 km of transmission lines. The company’s grid facilities are located in 73 regions of the Russian Federation, covering an area of 13.6 square kilometres and about 140 million inhabitants.

PSI Energo is a joint venture between PSI AG and ru-Net Limited, which has specialized in control technologies for transportation and the distribution of electrical energy. PSI Energo employs about 40 employees and is being expanded to be able to acquire and process additional major contracts. PSI AG is taking on a sub-contract for software customisation and licenses from the FSK EES contract. For PSI, this second order from the Russian electricity industry represents an important step for advancing into the Russian market for energy control technology.

PSI AG develops and integrates individual solutions, on the basis of its own software, for the management of energy networks (electricity, gas, oil, heat, water), cross-company production management (steel, mechanical engineering, automotive, logistics) and infrastructure management for telecommunications, transport and safety. PSI was founded in 1969 and currently employs 1,100 persons in the group.