PSI Software AG PSI Acquires Prognosis Software Provider

TIDM0KUR

PSI Software AG

10 June 2020

 
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 [phone] 
 Fax [phone] 
 Email: [e-mail] 
 
 
 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 
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 Archive at www.dgap.de 
 
 
Language:      English 
Company:       PSI Software AG 
               Dircksenstraße 42-44 
               10178 Berlin 
               Germany 
Phone:         [phone] 
Fax:           [phone] 
E-mail:        [e-mail] 
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 
 
 
 
 

1067759 10.06.2020

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June 10, 2020 12:09 ET (16:09 GMT)