Smart Metering Systems Signs GBP250,000 Meter Contract With Total
13 Juni 2012 - 9:27AM
Dow Jones News
LONDON--Smart Metering Systems PLC (SMS.LN), a maker of energy
efficient gas meters, said Wednesday that it has signed a contract
with Total Gas & Power Ltd, a U.K. subsidiary of the gas group
Total SA, to provide gas meters and an advanced automated meter
reading solution, for its industrial and commercial, or I & C,
customers.
MAIN FACTS:
-The contract with is for 15,000 I & C meters over 3
years.
-Longer term average run rates are being established; however,
initial run rates suggest that the equivalent number of domestic
meters would be approximately GBP250,000 in value.
-Shares closed Tuesday at 143.5 pence valuing the company at
GBP120 million.
-Write to Rory Gallivan at rory.gallivan@dowjones.com
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