New top team at Elster 'Rest of World,' Water Global and electricity unit

LUXEMBOURG, Feb. 26, 2007 -- Elster Group, a world leading manufacturer and supplier of highly accurate, high quality, integrated metering and utilization solutions, announces senior management changes and the creation of a new Business Unit, Water Global and Electricity Rest of World (RoW).

Jerry Lauzze is appointed executive vice president of Water Global/Electricity RoW. Jerry joined Elster as vice president of sales and marketing at American Meter Company in 1999 after holding senior positions at DMS Dresser and Halliburton Inc. He was appointed president and CEO of American Meter Company in 2002. For the last year Jerry has been executive vice president, Elster Asia.

Blake Snider is appointed senior vice president of Water Global reporting to Jerry Lauzze. He is responsible for leading and managing all aspects of the global water business. Previously Blake was president of Elster AMCO Water Inc. An accomplished corporate executive with significant global manufacturing and leadership experience in the water metering industry, Blake brings a strong background in engineering technology and lean manufacturing to the Elster Group.

James Gardiner, currently vice president of Operational Effectiveness at Elster Group, is appointed president of Elster AMCO Water Inc. reporting to Blake. Prior to joining Elster, James was a consultant with Booz Allen Hamilton for 12 years, working primarily on supply chain and strategy projects for major international corporations.

"These appointments of experienced senior managers will help to strengthen Elster and reflect our continued commitment to maintaining our position as the global leader of innovative world class metering technology and solutions," said Siegfried Putzer, Elster Group vice president of Human Resources. "Jerry Lauzze takes on the task of building this new Business Unit and strengthening the Group's focus in this important area."

With over 200 million meters installed worldwide in the last ten years and 9,000 employees serving 115 markets across 38 countries, Elster can bring to bear global resources to help its customers achieve their objectives. Through mobilising dedicated centres of excellence, Elster can deliver integrated technology and metering solutions to resolve a host of customer issues.

Said Jerry Lauzze, "I am delighted and excited by this appointment. With this new focus, Elster can draw on its extensive experience, and our range of innovative products and systems reflecting a wealth of knowledge gained from nearly two centuries of dedication to the water and electricity industries. I also look forward to working with Blake and James, two highly experienced and capable executives."

Elster's investments in new technology take advantage of intelligent and more accurate measurement services based on two-way data communications, whilst ensuring the economic use of valuable energy and water sources. Elster assists its customers to transition to the latest generation of metering solutions, so enhancing their interface and relationship with their consumers, while further improving the quality of energy and natural resource usage.

Concluded Putzer, "At Elster, we believe our people are at the heart of our organisation. Talent management processes ensure we continue to employ people at all levels who can take forward the quality products and services we are renowned for."

Elster Group (www.elster.com) is the world's leading manufacturer and supplier of highly accurate, high quality, integrated metering and utilisation solutions to the gas, electricity and water industries. In addition, through its subsidiary, Ipsen International, it is the leading global manufacturer of high level thermo-chemical treatment equipment. The group has over 9,000 staff, operations in 38 countries and serves over 115 markets around the world. Elster's high quality products and systems reflect the wealth of knowledge and experience gained from over 170 years of dedication to measuring precious resources and energy.

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