Smart Metering Systems PLC SMS signs contract with E.ON Energy Solutions Ltd (3726Q)
06 November 2012 - 8:00AM
UK Regulatory
TIDMSMS
RNS Number : 3726Q
Smart Metering Systems PLC
06 November 2012
6 November, 2012
Smart Metering Systems plc
('SMS')
SMS signs contract with E.ON Energy Solutions Ltd
The Board of Smart Metering Systems plc (AIM: SMS.L), is
delighted to announce that SMS has signed a new non-exclusive
contract with E.ON Energy Solutions Ltd for gas metering services
including the provision installation and maintenance of gas
metering and other ancillary equipment.
The contract covers the lifetime of the meters (approximately 25
years) and is index linked, similar to the contractual provisions
already in place for SMS's current meter portfolio. The contract
covers domestic and I&C meters and run rates are being
established.
Alan Foy, CEO of SMS, commented:
"We are absolutely delighted that a major energy supplier such
as E.ON Energy Solutions Ltd has decided to partner with us. This
contract represents further penetration of the major UK energy
suppliers and is another step towards our stated aim of becoming
market leader in the independent ownership of meters assets.
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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