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SIT presents the complete range of “gas-adaptive” solutions and the valves for green and H2 boilers “powered by SIT” at the ISH fair in Frankfurt

March 10th, 2023 Posted by Homepage 0 thoughts on “SIT presents the complete range of “gas-adaptive” solutions and the valves for green and H2 boilers “powered by SIT” at the ISH fair in Frankfurt”

Padua, 10 March 2023 – SIT, a multinational listed on the Euronext Milan segment of Borsa Italiana that creates intelligent solutions for climate control and consumption measurement, will participate in the ISH fair in Frankfurt from 13 to 17 March. The trade fair represents an appointment of international importance for technologies for energy saving, renewable energy, air conditioning and building automation.

This is the most important European fair for SIT and the first in which the group will be able to meet customers from China and Asia after the reopening of the borders following the end of the Covid19 state of emergency.

In Frankfurt, SIT will present the most complete range of gas-adaptive solutions on the market in its three versions FLEXA IONO, FLEXA H2 and the latest FLEXA PRO, the residential and commercial sensorized mixer capable of directly measuring gas and air flows, optimizing the combustion system. The mixer makes FLEXA, SIT’s electronic combustion control, the most versatile system on the market.

In Frankfurt, the lights are also focused on the 877 ELEKTRA XL boiler valve, designed for commercial appliances up to 150kW (also 100% hydrogen), which completes the SIT range for professional applications. The H2 ready boiler “powered by SIT” running 100% with green hydrogen, which uses the FLEXA H2 system, will also be on display.

SIT’s proposal at the ISH fair in Frankfurt includes electronic control solutions for Controlled Mechanical Ventilation (CMV), for air exchange in closed environments and heat recovery, which also integrate UpSens sensors for the first time, following the partnership established with the Optoi Group.

The stand that compensates for GHG emissions (carbon footprint) – SIT has decided to participate in the trade fair event by building its stand as “carbon neutral”. To do this, SIT first calculated the Carbon Footprint of the stand using the Life Cycle Assessment methodology (LCA). Subsequently, the company will offset the GHG emissions produced with the planting of 20 baobab trees through the Treedom project.

SIT in support of parents: new parental policy for SIT people unveiled

February 27th, 2023 Posted by Homepage 0 thoughts on “SIT in support of parents: new parental policy for SIT people unveiled”

Padua, February 27, 2023 – Promotion and support of parenting through concrete actions to support parents that add to the measures already established in the national labour contract and current legislation, with the goal of being an increasingly inclusive employer attentive to people’s needs. These are the pillars behind the new parental policy of SIT, a multi-national listed on the Euronext Milan segment of the Italian Stock Exchange that creates intelligent solutions for monitoring environmental conditions and measuring consumption, which will officially come into effect on March 1, 2023.

“With this and other corporate welfare, well-being and inclusion initiatives, we want to concretely promote a culture based on meritocracy, equality and respect for all kinds of diversity” stated Roberta Fagotto, Group HR Director at SIT. “With the broader goal of supporting the sustainable growth of people and generating a positive, safe and stimulating work environment, we are committed every day to the implementation of equity initiatives, and the recently launched parental policy is testament to this.”

With the parental policy – which applies to all SIT and MeteRSit Italia employees who announce a maternity and/or paternity, whether natural or adoptive, SIT seeks to support parents during two phases: in the prenatal period, in order to facilitate preparation for the arrival of the child, and in the period immediately following the child’s arrival until the child is three years old, so as to facilitate recovery and work-life balance.

Within a broad range of supporting actions, in line with the goals stated in the Sustainability Plan to 2025 and in particular with the “Made with Care” pillar dedicated to social responsibility, SIT has added several measures to support parents, including:

  • ●  5 days of additional, paid leave for new fathers to be taken within the first year of the child’s life or within the first year of joining the family;
  • ●  Euro 700 “welfare on top” to support parents with children up to 3 years of age;
  • ●  15 days of smart working per month during the first month of a return to work after mandatory

    leave;

  • ●  3 paid leave days for dads to attend prenatal visits;
  • ●  total smart working to manage the overseas stay in case of international adoption;
  • ●  one additional paid leave per year to accompany children up to the age of 14 to medical

    appointments;

  • ●  favourable conditions for children of SIT and MeteRSIT employees to participate in after-

    school and summer centre services of the SIT Foundation – Sport, Inclusion, Talent in Padua.

SIT is attending the HPB Expo 2023 exhibition from March 11 to 13 in Kentucky, USA

February 22nd, 2023 Posted by Homepage 0 thoughts on “SIT is attending the HPB Expo 2023 exhibition from March 11 to 13 in Kentucky, USA”

Padua, February 22, 2023 – SIT S.p.A. (ticker SIT:IM), a multinational company listed on the Euronext Milan segment that creates intelligent solutions for the control of environmental conditions and consumption measurement, is attending the HPB Expo, one of the largest convention dedicated to the industry and technologies that support indoor-outdoor activities in North America. Thousands of retailers and companies annually attend the event to discover new trends and technologies related to the manufacture and sale of fireplaces, patio heaters, wood, pellet, gas and electric stoves, barbecue accessories, grills and patio furniture.

To introduce the ProFlame System solution, an online showcase is available to the public at the link proflame.sitgroup.it/eng, which features SIT’s offer for fireplaces: gas valves, management electronics, diagnostic functions and the Proflame Connect Plus APP that allows the management of fireplaces via smart devices or voice assistance.

Summing up – SIT will be attending the HPB Expo in Louisville at the Kentucky Expo Center from March 11 to 13, 2023, at booth number 519. For more information, please visit the official HPBExpo website.

SIT partners with the “Value of Water Community” promoted by The European House Ambrosetti

February 16th, 2023 Posted by Homepage 0 thoughts on “SIT partners with the “Value of Water Community” promoted by The European House Ambrosetti”

Milan, February 16, 2023 – For the third consecutive year SIT, a multinational listed on the Euronext Milan segment of Borsa Italiana (Italian Stock Exchange) which creates intelligent solutions for controlling environmental conditions and measuring consumption, renews its partnership with the Value of Water Community (“Community Valore Acqua per l’Italia”), which involves the key players in the extended Italian water supply chain and the national and European institutions of reference, aiming to favor a constructive and permanent discussion on the management of the water resource.

Established in 2019, the Community has reached its fourth year of activity, the culmination of which will be on March 22 when, on World Water Day, the 2023 White Paper developed by the Community will be presented in Rome together with the Blue Book of Utilitalia and the Utilitatis Foundation.

SIT, which entered the water meter market at the end of 2020 with the acquisition of the Portuguese company Janz, also pursues sustainability through the implementation of products which, through the introduction of new technologies for measuring the consumption of water resources, allows the end user to limit losses and to be aware of their consumption with a significant positive impact in reducing waste, guaranteeing water saving and energy efficiency. All of this is possible thanks to IoT technology, used by SIT to develop technological solutions capable of limiting energy consumption. An example is the new generation of smart water meters (also developed by SIT through its subsidiary MeteRSIT) which, if used on a large scale, could in fact help to drastically reduce water consumption and waste. The new meters are in fact equipped with a communication system that makes it possible to measure consumption remotely, identifying any losses and inefficient uses. These meters are one of the enabling elements for the provision of services aimed at network efficiency as well as water balancing.

SIT acquires stake in UpSens (Optoi Group), an innovative SME developing air quality monitoring sensors

January 17th, 2023 Posted by Homepage 0 thoughts on “SIT acquires stake in UpSens (Optoi Group), an innovative SME developing air quality monitoring sensors”

Padua, January 17, 2023 – SIT, a multinational listed on the Euronext Milan segment of the Italian Stock Exchange which creates intelligent solutions for the control of environmental conditions and consumption measurement, announces the acquisition of a stake in UpSens, an innovative SME based in Trento and belonging to the Optoi Group, specialising in the development of devices for monitoring indoor environmental parameters, both in standard and custom versions, with specific expertise in air quality. The transaction was completed through a share capital increase after which SIT holds a 10% stake in UpSens.

Basis of the transaction – The pandemic has brought an awareness that the ongoing monitoring of air quality, noise, and brightness in indoor environments, as well as the automated control of the systems involved in their management (air conditioning, heating, and ventilation), are a basic requirement for people’s health. A focus upon health and well-being in indoor environments is growing: in Italy and other industrialised countries, people spend about 90% of their time indoors, where the air can be as much as 5 times more polluted than outdoors. Smart buildings have therefore grown in popularity over recent years, involving the digital and automated connection, thanks to IoT and home automation, of residential and office buildings, which therefore become “intelligent”, capable of monitoring quality parameters and managing in an automated way the systems that make an indoor space healthy.

Major synergies will arise from the collaboration between SIT and UpSens in the area of air quality solutions, particularly in the CMV (Controlled Mechanical Ventilation) segment. VMC solutions enable air exchange and filtration and, through heat exchange between the outgoing and incoming air, improve the thermal efficiency of buildings. SIT is already a supplier of control electronics for the CMV segment and plans to further expand its range over the coming years. The partnership with UpSens is part of this strategic development path for the segment.

SIT is attending the 5th Italian MidCap Conference organized by Mediobanca on January 18

January 12th, 2023 Posted by Homepage 0 thoughts on “SIT is attending the 5th Italian MidCap Conference organized by Mediobanca on January 18”

Padua, 12 January 2023 – SIT S.p.A. (SIT:IM), a multinational listed on the Italian Stock Exchange that creates intelligent solutions for the control of environmental conditions and consumption measurement, on January 18 is attending the 5th edition of the Italian MidCap Conference organized by Mediobanca. The event will be held in presence in Milan.

CEO and Chairperson Federico de’ Stefani together with Chief Product Officer Tomaso Valdinoci and Investor Relator Mara Di Giorgio will share with investors the latest company news.

Documents for investors are available for consultation on the Company’s website www.sitcorporate.it/en in the “Investor Relations” section.

GWF and SIT set up a Joint Venture for ultrasonic smart water meters for residential applications

November 30th, 2022 Posted by Homepage 0 thoughts on “GWF and SIT set up a Joint Venture for ultrasonic smart water meters for residential applications”
  • The ultrasonic smart water meters will be brought to market by the partners and be leading in performance and cost
  • Modern production plants will guarantee high quality based on automated production and testing facilities in Portugal and Switzerland
  • The collaboration aims at supporting water utility customers and municipalities boost efficiencies and accelerate sustainability efforts

Frankfurt, 29 November 2022 – GWF, a pioneer in the development of advanced measuring and metering technologies and SIT, a multinational listed on the Euronext Milan segment of the Italian Stock Exchange and a leading global player in innovative solutions for gas and water meters, have entered into a strategic partnership for the development, manufacturing and distribution of leading ultrasonic smart water meters for residential applications.

SIT, through its subsidiaries MeteRSit and Janz, and GWF have joined forces to support water utility customers and municipalities boost efficiencies and accelerate sustainability efforts at the best total cost of ownership with high performance residential water meters.
In the collaboration, GWF contributes its know-how and IP concerning the innovative and patented 4D technology® with its best-in-class ultrasonic signal processing and highly robust mechanical design. SIT provides to the partnership deep knowledge and expertise in smart meter communication technologies by leveraging its experience with over 7 million smart gas meters installed. The collaboration will also benefit from SIT’s high volume precision manufacturing competence together with access to a global supply chain.

Based on their complementary competences and extensive experience in the water market, the companies will establish a joint venture and launch products that are highly performant, cost competitive and sustainable. The ongoing development of domestic ultrasonic water meters is aiming for unmatched measurement accuracy paired with flexible communication to ensure future-proof products that provide actionable and granular data to customers. To ensure highest quality and scalability at optimized cost, the companies will jointly build up state-of-the-art production and testing facilities in Portugal and Switzerland.

SIT will present at Enlit the new range of water meters branded Janz

November 27th, 2022 Posted by Homepage 0 thoughts on “SIT will present at Enlit the new range of water meters branded Janz”

In Frankfurt the group will present 4 new smart metering solutions for both water and gas. The new Domusnext Vision gas meter with innovative IoT solutions will also be revealed

Padua, 26 November 2022 – The measurement of water and gas consumption in our homes thanks to the residential meter is becoming more and more smart.
Connectivity, technology, and sustainability are in fact the main features of the 4 new solutions for water and gas meters that SIT, a multinational leader in the heating and metering sectors, will present at Enlit, the main European trade fair dedicated to the technologies and innovations for utilities.

Concerning water metering, SIT will present the new range of smart water meters branded Janz. The new range is the result of the integration of electronic and communication technology competence of MeteRSit, company of SIT group specialized in smart gas metering, combined with the water metrology competence of Janz, a company acquired by SIT in 2020 specialized in water metering. The new range, that allows to connect meters to utilities’ smart grids, thus permitting an improved grid management and a reduction in waste, consists of:

• “eRegister”, a fully integrated meter that combines in a single product volumetric metrology, Janz’s strength, with communication technology.
• “add-on radio module” which applied to traditional Janz mechanical meters allows measurement to be communicated, effectively transforming them into smart meters.

Both solutions integrate the most used communication protocols and technologies on the market and can be connected with the proprietary IoT application “MyWater” or with customers’ proprietary applications.

“With the launch of Janz smart water meters we complete a further stage in the development path declared on the occasion of the acquisition of Janz, while confirming our commitment towards sustainability. Our solutions are in fact designed to improve the precision in consumption measurement and support water utilities’ smart grids; last but not least, to safeguard water, a natural resource that is becoming increasingly scarce and therefore precious” stated Tomaso Valdinoci, Chief Product Officer of SIT.

SIT is attending Enlit Europe 2022 in Frankfurt

November 15th, 2022 Posted by Homepage 0 thoughts on “SIT is attending Enlit Europe 2022 in Frankfurt”

Padua, November 15, 2022 – The metering division of SIT group, consisting of subsidiaries MeteRSit and Janz, is attending from November 29 to December 1 Enlit Europe, one of the largest conference and exhibition events dedicated to the entire energy ecosystem, to explore topics such as energy transition, decarbonization, energy resilience, and digitalization. It is one of the most important events in the industry; in this edition, SIT will present new smart and measurement solutions both for water and gas meters.

SIT’s participation at Enlit Europe is consistent with SIT’s mission and vision, which focuses on the sustainability of the planet and the solutions to achieve it. In this sense, the goals of the COP27 conference – in particular, to accelerate the decarbonization process – are also absolutely aligned with those of SIT which, thanks to the ability of its products to measure energy consumption precisely and to manage climate control conditions, has taken a proactive role towards the ecological transition and the fight against water and gas waste consumption.

Briefly – SIT will be exhibiting at Enlit Europe in Frankfurt with MeteRSit and Janz teams at booth 12.1 B60 from November 29 to December 1, 2022. For more information, you can visit the official Enlit Europe 2021 website.

SIT joins the United Nations Global Compact

November 14th, 2022 Posted by Homepage 0 thoughts on “SIT joins the United Nations Global Compact”

Chiara de’ Stefani (Corporate Sustainability Director of SIT): “We confirm our commitment to building a sustainable future”

Padua, November 22, 2022 – Also SIT is a part of the United Nations Global Compact, the global network which constitutes the largest corporate sustainability initiative in the world, and which is joined by more than 18,000 companies and organizations based in over 160 countries. A voluntary leadership platform for the development, implementation, and communication of sustainable business practices, in line with the Sustainable Development Goals (SDGs) set by the United Nations 2030 Agenda.

The goal of the United Nations Global Compact is to encourage businesses around the world to contribute to an economic, social, and environmental framework that promotes a healthy and sustainable world economy from which all can benefit. To this end, the United Nations Global Compact requires participating companies and organizations to share, support, and apply, within their sphere of influence, a set of fundamental principles in the areas of human rights, labour, environment and anti-corruption:

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