KT Teams With SAP Korea to Develop Smart Grids

_{//science-technology.news-articles.net/content/2 .. teams-with-sap-korea-to-develop-smart-grids.html}
^{Published in Science and Technology on Monday, September 13th 2010 at 12:55 GMT by Market Wire}  

KT Teams With SAP Korea to Develop Smart Grids -- SEOUL, South Korea and MONTREAL, Sept. 13 /PRNewswire-FirstCall/ --

Companies to Collaborate on Jeju Test-Bed Project for More Efficient Electricity Use

[ ]

[ Download image ]

SEOUL, South Korea and MONTREAL, Sept. 13 /PRNewswire-FirstCall/ -- As world leaders in the field of energy convene in Montreal, Canada, to discuss industry challenges and sustainable growth at the [ World Energy Congress ], SAP Korea today announced the signing of a memorandum of understanding (MOU) with telecommunications company [ KT ] of Korea on the collaboration of a test-bed project on "[ smart grids ]," in which energy providers can intelligently orchestrate electricity supply in two-way communications with appliances to help consumers and companies optimize energy use, reduce cost and increase reliability and transparency.

(Logo: [ http://photos.prnewswire.com/prnh/20050310/SFTH009LOGO-a ])

(Logo: [ http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a ])

According to the MOU and project scope of the Jeju smart grid test-bed project, both parties will be implementing a smart grid pilot system that will use intelligent metering software from [ SAP AG ] (NYSE: SAP). In addition, both companies will draft a detailed road map that comprehensively defines the technology parameters for the collaboration. The SAP system is currently being used to capture data from approximately 200 households on the South Korean island, with a targeted plan to increase the number five-fold to 1,000 households over the next six to eight months.

In this project, SAP will provide advanced metering infrastructure (AMI) software, SAP® AMI Integration for Utilities, to help deliver metering data and manage communication exchanges between smart devices and SAP® Business Suite software in the back end.

The Jeju smart grid test-bed is one of the key smart grid projects driven by South Korea's government as a main engine for sustainable growth. The total investment made by the government and private organizations in the project is targeted to reach KRW 239.5 billion. Infrastructure for the test bed will be established by May 2011, followed by a two-year comprehensive operating test. The project is expected to provide test scenarios and process benchmarks that will establish the global standard and leadership through this early commercialization of a smart grid model. The implementation will include tests and assessments of deployed technologies within a real-life environment.

"We are very pleased to undertake this 'proof-of-concept' project with a strong global partner like SAP," said Jeon Hong Beom, vice president, KT. "SAP has had a long history of utilities technology development as well as a global customer knowledge base with tried-and-tested best practices. KT believes we have found a fitting collaboration partner in a company like SAP."

"SAP has been increasing the efficiency in the energy and utilities industries for the past 30 years through the delivery of innovative enterprise software and platforms," said Won-Joon Hyeong, managing director, SAP Korea. "SAP AMI Integration for Utilities software helps ensure the seamless process and data integration with OSIsoft MDUS through standardized interfaces. This optimized interoperability is a key prerequisite for the successful implementation of holistic smart grid solutions. More importantly, KT's team was the only consortium that demonstrated a working solution built with an SAP-based solution that will be demonstrated in front of the delegates from The Group of Twenty (G-20) later this year."

The project is implemented in conjunction with OSIsoft, an SAP software solution partner.

About SAP

SAP is the world's leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 102,500 customers in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol "SAP." For more information, visit [ www.sap.com ].

(*) SAP defines business software as comprising enterprise resource planning, business intelligence, and related applications.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

Copyright © 2010 SAP AG. All rights reserved.

SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.

Follow SAP on Twitter at [ @sapnews ].

SOURCE SAP AG

RELATED LINKS
[ http://www.sap.com ]