RESTON, Va., July 19, 2017 /PRNewswire/ -- Leidos (NYSE: LDOS), a FORTUNE 500® science and technology company, will implement the Lansing Board of Water and Light's new smart grid initiative using its new Smart Grid Select™ offering. Through this contract, Leidos will manage the installation of the municipal utility's advanced metering infrastructure (AMI), as well as provide meter data management (MDM), customer support portals and advanced grid and business analytics.
Leidos will deliver a state-of-the-art solution crafted to meet Lansing's specific needs with an expected completion by 2020. The Smart Grid Select™ solution leverages information from Honeywell's Elster business for electric metering technology, Mueller Systems for water metering technology, and Corix Utility Services for metering installation services. This advanced metering system solution will deliver cutting-edge analytics and insights, which will improve system capacity and transmission and distribution infrastructure, efficiently manage outages, and provide the ability to develop new rates based on customer usage patterns.
"As smart grid technologies become more sophisticated, Leidos has expanded its service offerings to meet the complex needs of today's utilities. We will provide Lansing with future-ready solutions that will optimize their smart grid approach," said Jim Baxter, senior vice president for Leidos' energy and systems solutions business. "We want to ensure the best value and solution for Lansing'srate payers, while reducing risk and lowering costs for the utility."
The Lansing Board of Water and Light was founded in 1885 and is the largest municipally owned electric utility in Michigan. The utility provides electric service and street lighting to approximately 95,000 residential, commercial and industrial customers in the greater Lansing, Michigan area, and serves potable water to approximately 55,000 customers.
Leidos' Smart Grid Select™ solution is a suite of smart grid technology and service products for the utility market. Whether implementing the entire suite or choosing one component, like the Next-Level Analytics product, Leidos has the answer for utilities' smart grid needs during any phase of implementation or operation—whether a full, managed service or turnkey solution.
Leidos is a FORTUNE 500® science and technology solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, homeland security, civil, and health markets. The company's 32,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $7.04 billion for the fiscal year ended December 30, 2016. For more information, visit www.Leidos.com.
Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in the company's Annual Report on Form 10-K for the period ended December 30, 2016, and other such filings that Leidos makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.