Smart Metering Systems PLC SMS signs contract with DONG Energy Sales Limited (0475L)
30 August 2012 - 8:01AM
UK Regulatory
TIDMSMS
RNS Number : 0475L
Smart Metering Systems PLC
30 August 2012
30 August 2012
Smart Metering Systems plc
("SMS" or "the Company")
SMS signs contract with DONG Energy Sales Limited for meter
exchanges and ADM(TM) roll out
The Board of Smart Metering Systems plc (AIM: SMS.L), is
delighted to announce that SMS has signed a new contract with DONG
Energy Sales Limited (formerly Shell Gas Direct), a UK subsidiary
of DONG Energy . This contract includes the provision of SMS's
advanced automated meter reading solution, ADM(TM), for DONG Energy
Sales Limited's industrial and commercial (I & C )
customers.
The contract covers gas meters to be exchanged for new pulse
enabled meters installed at the premises of DONG Energy Sales
Limited's customers, in addition to installation of the ADM(TM)
solution. Initial run rates are currently being established and
once installed the meters will be included in SMS's long term index
linked contracts.
Alan Foy, CEO of SMS, commented:
"We are very pleased that DONG Energy Sales Limited has decided
to adopt the ADM(TM) solution as part of this contract. The signing
of this contract is another step towards our stated aim of becoming
market leader in the independent ownership of I&C meters and
establishing the ADM(TM) as the industry standard smart metering
solution for I&C clients.
For Further Information:
Smart Metering Systems plc 0141 249 3850
Alan Foy, Chief Executive Officer
Glen Murray, Finance Director
Cenkos Securities 0131 220 6939 / 0207 397 8900
Ken Fleming
Jon Fitzpatrick
Kreab Gavin Anderson 020 7074 1800
Ken Cronin
Anthony Hughes
Notes to Editors
About Smart Metering Systems
Established in 1995, Smart Metering Systems plc based in
Glasgow, connects, owns, operates and maintains metering systems
and databases on behalf of major energy companies.
Currently the Company is concentrating its efforts on offering
its unique integrated services to the UK industrial and commercial
gas market in which its customers have an 80% market share.
The company has further applications for gas with its ADM(TM)
device which allows "smart" functions such as remote reading and
half hourly consumption data to be offered to customers in addition
to the normal metering services. Longer term the company also has
additional applications for water and LPG.
The Company was admitted to the AiM market in July 2011 and is
now part of the FTSE AiM 50 index, for more information on SMS
please visit the Company's website: www.sms-plc.com
About the ADM(TM) solution
The ADM(TM) is a cost effective and reliable data collection and
smart metering solution developed by SMS and principally aimed at
the I&C market. The ADM(TM) solution provides half hourly gas
consumption data by access to a secure web portal or by daily
e-mail or by secure data file transfer, depending on the
requirements of the customer. European patent approval for the
ADM(TM) solution and safety certification for operation in the most
hazardous environments has been granted. The key features of
ADM(TM) are that it does not require pre-installation programming,
and is very much 'plug and play', resulting in reduced costs to the
gas suppliers with increase data reliability over existing manual
meter read services.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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