RCS - PSI Software SE - PSI Takes Major Step…

PSI Software SEAnnouncement

02/12/2024 10:45

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RNS Number : 4254O  PSI Software SE  02 December 2024

 PSI Software SE / Key word(s): Miscellaneous/Strategic Company Decision

PSI Takes Major Step Towards Becoming an Integrated Software Company

02.12.2024 / 10:57 CET/CEST

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

PSI Takes Major Step Towards Becoming an Integrated Software Company

New organizational structure "PSI Reloaded" launched on December 1, 2024

Berlin, December 2, 2024 - The PSI Group has taken a significant step towards
 becoming a modern, integrated software company. Following the streamlining of
 the Group structures through the merger of the German subsidiaries, the new
 organizational structure was implemented on December 1, 2024 as part of the
 "PSI Reloaded" transformation program. This includes in particular the
 bundling of energy-related activities in the new "Grid & Energy Management
 (GEM)" business unit.

The new GEM business unit was created by merging the previously separate
 activities in the areas of electrical and interconnected grids, gas grids and
 pipelines, energy trading systems (PSI Energy Markets) and process coupling
 and smart grids (PSI GridConnect). By bundling the previously separate range
 of services, PSI is mapping the convergence of the energy sectors electricity,
 gas and heat as well as the regulatory dependencies between these sectors in a
 uniform organizational structure. This creates a pool of over 900 energy
 experts for all energy sector requirements, enabling faster and more flexible
 project execution.

In addition, PSI will develop a new, cross-sector control system that covers
 both current and future requirements for holistic, highly modular, open,
 high-performance, intelligent and secure system and operational management.
 The aim is to cover also the extended requirements of sector coupling, energy
 transition, energy transport, storage and energy trading with a scalable, web
 and cloud-capable system. The new control system will also significantly speed
 up the upgrade process in future. This means that new functions and
 improvements can be implemented more quickly, allowing both customers and PSI
 to make more efficient use of resources and shorten project lead times.

The simplification of the Group structures was already initiated in the middle
 of the year with the merger of the German subsidiaries into PSI Software SE.
 In future, PSI's business will be divided into the five industry segments Grid
 & Energy Management, Process Industries, Discrete Manufacturing, Logistics
 and Mobility, which will also form the basis for financial reporting from the
 fourth quarter of 2024.

The PSI Group develops software products for optimizing the flow of energy
 and materials for utilities and industry. As an independent software producer
 with more than 2,300 employees, PSI has been a technology leader since 1969
 for process control systems that ensure sustainable energy supply, mobility
 and production by combining AI methods with industrially proven optimization
 methods. The innovative industry products can be operated on-premises or in
 the cloud. www.psi.de

Contact:

PSI Software SE

Karsten Pierschke

Head of Investor Relations and Corporate Communications

Dircksenstraße 42-44

10178 Berlin

Germany

Tel. +49 30 2801-2727

Email: KPierschke@psi.de

02.12.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News
 - a service of EQS Group AG.

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

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 Language:     English
 Company:      PSI Software SE
               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, Hanover, Munich, Stuttgart, Tradegate Exchange
 EQS News ID:  2042161

 

 End of News  EQS News Service

2042161  02.12.2024 CET/CEST

 

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