DGAP-News: PSI AG

DGAP-News: Industry 4.0 from a single source: Primetals Technologies and PSI cooperate on production management solutions for steel industry

DGAP-News: PSI Aktiengesellschaft für Produkte und Systeme der Informationstechnologie / Key word(s): Alliance/Contract Industry 4.0 from a single source: Primetals Technologies and PSI cooperate on production management solutions for steel industry

05.07.2016 / 10:11 The issuer is solely responsible for the content of this announcement.

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Industry 4.0 from a single source: Primetals Technologies and PSI cooperate on production management solutions for steel industry - Strategic alliance combines process automation with production management - Customers receive finely tuned complete solution from a single source - Goals: Implementation of PSI solutions in plants with equipment from Primetals Technologies as well as modernizations and new plants

Primetals Technologies Germany GmbH, Erlangen, and PSI Metals GmbH, Düsseldorf, have signed a cooperation agreement on the sale and implementation of Industry 4.0 (Industrial Internet) production management solutions for the steel and aluminum industries. Customers receive perfectly matched, tailor-made complete solutions from a single source consisting of equipment, basic automation (level 1) and process automation (level 2) from Primetals Technologies, and the PSImetals production management solution (level 3) from PSI. The exclusive global cooperation agreement covers plants with equipment and automation from Primetals Technologies, as well as complete turnkey solutions for modernization projects and new plants throughout the entire supply chain.

The harmonized solutions from the two companies reduce integration costs, shorten project runtimes and simplify IT processes. Horizontal integration of locally distributed automation data with system-wide production management for Supply-Chain-Planning & Execution (MES) makes it easier to identify and realize the potential of Industry 4.0.

Detlef Schmitz, Managing Director at PSI, said, "For tomorrow's production management, we offer our customers complete integrated solutions, which increase the potential for optimizing production processes and the associated business processes throughout the entire process chain." Hans-Jürgen Zeiher, Head Electrics and Automation at Primetals Technologies, added, "As a leading technology provider of plant engineering, basic and process automation, as well as digital production, we are firmly convinced that together we can make a major contribution to digitization and the associated improvements in productivity and quality, and toward more flexible production."

PSI Metals is a leading provider of production management solutions, whereas Primetals Technologies is a leader in mechanical and electrical equipment as well as basic and process automation. Taken together, the two companies have already successfully realized more than 2,300 projects. In future, around 450 automation and IT experts will be working on offering steelmakers end-to-end solutions for optimizing production processes. Thanks to the combined network of the two partners, experts in project implementation and plant and solution services are available close to customers throughout the world.

Primetals Technologies, Limited headquartered in London, United Kingdom is a worldwide leading engineering, plant-building and lifecycle services partner for the metals industry. The company offers a complete technology, product and service portfolio that includes integrated electrics, automation and environmental solutions. This covers every step of the iron and steel production chain, extending from the raw materials to the finished product - in addition to the latest rolling solutions for the nonferrous metals sector. Primetals Technologies is a joint venture of Mitsubishi Heavy Industries (MHI) and Siemens. Mitsubishi-Hitachi Metals Machinery (MHMM) - an MHI consolidated group company with equity participation by Hitachi, Ltd. and the IHI Corporation - holds a 51% stake and Siemens a 49% stake in the joint venture. The company employs around 7,000 employees worldwide. Further information is available on the Internet at www.primetals.com

PSI Metals is the leading supplier for production management solutions in the metals industry combining SCM, APS and MES to optimize production and logistics. For more than 40 years, we have been delivering added value solutions to maximize the plant performances of numerous metal producers around the globe. www.psimetals.com

On the basis of its own software products, PSI AG develops and integrates complete solutions for energy management (gas, oil, electricity, heat, energy trading), production management (mining, metals, automotive, mechanical engineering, logistics) and infrastructure management for transport and safety. PSI was founded in 1969 and employs 1,650 persons worldwide. www.psi.de

PSI AG Karsten Pierschke Head of Investor Relations and Corporate Communications Dircksenstraße 42-44 10178 Berlin Germany

Phone +49 30 2801-2727 Fax +49 30 2801-1000 E-Mail: KPierschke@psi.de

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05.07.2016 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 and Press Releases. Archive at www.dgap.de

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Language: English Company: PSI Aktiengesellschaft für Produkte und Systeme der Informationstechnologie 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, Munich, Stuttgart; Terminbörse EUREX End of News DGAP News Service ---------------------------------------------------------------------------

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