Company Announcements

PSI Software AG / Key word(s): Takeover/Mergers & Acquisitions
PSI Acquires Prognosis Software Provider for Renewable Energy Feed-in

10.06.2020
The issuer is solely responsible for the content of this announcement.

PSI Acquires Prognosis Software Provider for Renewable Energy Feed-in
Integration of the Prognos Energy GmbH into Energy Management

Berlin - The PSI Group is strengthening its position in the field of energy grids with the acquisition of Potsdam-based Prognos Energy GmbH. Prognos Energy is a software company that has specialized in forecasting energy feed-in from wind energy and photovoltaic since 2015. Prognos Energy has a mature software system for spatial and temporal high-resolution and precise power predictions. With increased meteorological know-how and additional functionality, the PSI software is to be further enhanced for the weather-dependent redispatch of the distribution network operators and for the reduction of control energy costs.

In the PSI Group, Prognos Energy GmbH will be assigned to Energy Management, whereby the existing, comprehensive software product portfolio for transmission and distribution grid operators will be expanded by a high-resolution forecast. In the future, PSI will connect the forecasting system with the numerous forecasting systems based on industrial artificial intelligence.

In recent years, PSI has established the GLDPM platform for communication between transmission and distribution network operators for its control system customers. This platform is prepared for the connection of the AI-based decision support system SASO and the distribution grid redispatch system so as to communicate with the transmission system operator from there or to control the own energy or energy from local flexibility markets. With this software combination, the distribution grid operators can optimize weather and load-dependent rerouting and control energy use in their network. The forecasting expertise and software will further improve the decision-making quality of the automated DSO redispatch.

Prognos Energy has well-known references, including the transmission system operator 50Hertz Transmission GmbH, for which Prognos Energy is active as a forecasting service provider. PSI aims to ensure that the future PSI Prognos software can be used for other transmission grids as well. In order to emphasize its affiliation with the PSI Group, PSI will rename the company.

Based on its own software products, PSI Group develops and integrates complete solutions for optimizing the flow of energy and material at utilities (energy networks, energy trading, public transport) and industry (metals production, automotive, mechanical engineering, logistics). PSI was founded in 1969 and employs 2,000 persons worldwide. www.psi.de

Contact

PSI Software AG
Karsten Pierschke
Head of Investor Relations and
Corporate Communication
Dircksenstraße 42-44
10178 Berlin
Germany

Phone +49 30 2801-2727
Fax +49 30 2801-1000
Email: KPierschke@psi.de

10.06.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

PSI Software AG

Dircksenstraße 42-44

10178 Berlin

Germany

Phone:

+49 (0)30 2801-0

Fax:

+49 (0)30 2801-1000

E-mail:

ir@psi.de

Internet:

www.psi.de

ISIN:

DE000A0Z1JH9

WKN:

A0Z1JH

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1067759

End of News

DGAP News Service