In recognition of outstanding achievements in the field of research and development, Lorenz was awarded the VR Innovation Prize of the Volksbanken Raiffeisenbanken Banking Group. The award was handed over personally by the Prime Minister of Baden-Württemberg together with TV presenter Gundula Gause (heute journal).
The award was given due to the development of a hybrid water meter. Just like today's ultra-modern Lorenz radio water meters, the previous generation already has excellent measuring characteristics. The development of a hybrid water meter at that time, which combined a mechanical counter with an electronic radio device, was a significant breakthrough for measurement technology and is still a successful alternative to the fully electronic domestic water meter today.