Smart Metering Systems PLC Trading Statement (6337V)
16 Januar 2013 - 8:00AM
UK Regulatory
TIDMSMS
RNS Number : 6337V
Smart Metering Systems PLC
16 January 2013
16 January 2013
Smart Metering Systems plc
('SMS')
Post-Close Trading Update
The Board of Smart Metering Systems plc (AIM: SMS.L), the
integrated metering services company that connects, owns, operates
and maintains current generation and new advanced metering assets
and databases, is pleased to provide the following update on
trading in the year ended 31 December 2012.
SMS has experienced continued strong trading performance across
all business areas and, in particular, higher-than-expected
activity levels in transactional services within its UK Meter
Assets division. Accordingly, based on unaudited management
accounts for the 12 months to 31 December 2012, SMS anticipates
that its results will be around 10% ahead of current market
expectations.
The full year results will be published in mid-to-late March
2013.
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
Neil McDonald
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 SMS 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.
SMS 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 SMS also has
additional applications for water and LPG.
SMS was admitted to the AiM market in July 2011 and is now part
of the FTSE AiM 50 index, for more information please visit SMS'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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