Takeshi Yokota, Executive Officer and Corporate VP, Toshiba Corporation

Tokyo, Japan and Atlanta, GA and San Antonio, TX, U.S.A. --- (METERING.COM) --- February 8, 2013 - Toshiba Corporation, owner of Landis+Gyr, has now added the intelligent energy management company Consert Inc. to its portfolio.

Consert will enhance Toshiba Group's smart community business in the United States, according to a company statement. Operations in North America will be integrated with Landis+Gyr.

Consert converts electric consumption in homes and small businesses into cost effective clean sources of capacity and energy reserves for utilities. Through its Virtual Peak Plant™ (VPP) offering, the company is able to deliver a fully integrated, intelligent load management solution for utilities. Features include improved forecasting and capacity management, realtime outage management information, remote service connections and improved customer service as well as end-consumer communications and energy efficiency.

“Consert is an ideal fit with Toshiba, and the acquisition will add a new level of technology to our smart community business,” said Takeshi Yokota, Toshiba Corporation executive officer and corporate vice president. “Smart community is a fundamental solution that includes energy management on both the demand and supply sides, along with management of transportation, water and in the medical field.”

“This step by Toshiba and Landis+Gyr is a huge milestone for our employees, partners and owners,” added Roy Moore, Consert's co-founder and chief development officer. “It validates what our customers already know about the VPP – it is a solution designed to create and leverage a smarter grid.”