Partnership with Fugro Provides Complete 3D Utility Grid Model for Immediate Operational SavingsRESTON, Va., Jan. 26, 2017 — (PRNewswire) — Leidos (NYSE: LDOS), a global science and technology company, has announced a multi-year partnership with Fugro, a leading independent provider of geo-intelligence and asset integrity solutions. Leidos is now the exclusive representative and provider of Fugro's award-winning Roames® solution for utilities and other markets in North America.
Roames® enables owners of geographically distributed assets to model and remotely investigate equipment condition and performance. For electric utilities, the visualization, simulation and analytics capabilities in the Roames® 3D virtual world allow clients to optimize their grid asset investment and maintenance decisions at the enterprise level. Hundreds of thousands of miles of overhead transmission and distribution lines are serviced by Roames® around the world, including significant deployments in Australia, the U.K. and Europe, where it has been demonstrated to provide annual operation and maintenance cost savings of up to 40%.
The cloud-based Roames® solution is transforming asset management by utilizing and fusing several data sources to streamline utility performance and grid picture accuracy. Customers can integrate their enterprise systems with Roames® to extract additional value from existing datasets. Mobile apps provide field crews with real-time information and upload capability, connecting in-field work and response with the Roames® digital asset model.
"By partnering with Fugro, Leidos will be able to offer our customers in North America a truly transformational solution for digital asset management," said Angie Heise, president of Leidos' Civil Group. "For electric utilities, the ability to combine Fugro's best in class technology with our industry-leading grid services capabilities and cutting edge data analytics is extremely exciting and valuable to our customers."
Demonstrations and information regarding Roames® and the partnership will be introduced at DistribuTECH 2017, taking place from January 31 to February 2 in San Diego.
Leidos is a global science and technology solutions leader working to solve the world's toughest challenges in the defense, intelligence, homeland security, civil, and health markets. The company's 33,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported pro forma annual revenues of approximately $10 billion for the fiscal year ended Jan. 1, 2016 after giving effect to the recently completed combination of Leidos with Lockheed Martin's Information Systems & Global Solutions business (IS&GS). For more information, visit www.Leidos.com.
Fugro is the world's leading, independent provider of geo-intelligence and asset integrity solutions for large constructions, infrastructure and natural resources. We collect data on topography, soil composition and environmental conditions, both onshore and offshore. We organise the acquired data and add value through processing, interpretation and visualisation. In addition, we provide geo-related design, asset inspection and integrity advice. Our services play a critical role in the entire lifecycle of our clients' construction and infrastructure projects.
Fugro works around the globe, predominantly in energy and infrastructure markets, employing approximately 11,000 employees in around 60 countries. In 2015 Fugro's revenue amounted to around EUR 2.4 billion. Fugro is listed on Euronext Amsterdam.
Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in the company's Annual Report on Form 10-K for the period ended January 1, 2016, and other such filings that Leidos makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.
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