Smart Metering Systems PLC AGM Statement (4340O)
28 Mai 2015 - 8:01AM
UK Regulatory
TIDMSMS
RNS Number : 4340O
Smart Metering Systems PLC
28 May 2015
Smart Metering Systems plc
AGM Statement
("SMS" or the "Company")
Smart Metering Systems plc (AIM: SMS.L) announces that Paul
Dollman, Chairman of SMS, will make the following statement at
today's Annual General Meeting:
"I am pleased to report that SMS continues to make significant
progress in 2015, its 20(th) year in business, and to deliver
continued growth across all segments of the business. Total
annualised recurring revenues have increased by over 10 per cent.
from GBP26.2 million as at 31 December 2014 to GBP29.0 million as
at 30 April 2015, in line with management's expectations. In
addition, the Company's continued investment in its asset portfolio
has seen the total number of gas meters under management increase
by over 5 per cent. to 637,971 and the total number of electricity
meters under management increase by approximately 39 per cent. to
16,658, in each case as at 30 April 2015 and in line with
management's expectations.
We continue to see the benefits of our expanded service offering
across both the gas and electricity sectors and the positive impact
of a fully integrated service in these markets for our
customers."
For further information:
Smart Metering Systems
plc
Alan Foy, Chief Executive
Officer
Glen Murray, Finance
Director 0141 249 3850
Cenkos Securities
Neil McDonald 0131 220 6939 / 0207 397
Nick Tulloch 8900
Kreab
Natalie Biasin
Matthew Jervois 020 7074 1800
Chris Philipsborn
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.
SMS expanded its services into the electricity market through
the acquisition of Utility Partnership Limited in April 2014. The
Company can now provide a fully integrated service from beginning
to end to cover the installation of a gas/electricity
supply/connection to the procurement, installation and management
of a gas or electricity meter asset to the collection and
management of customer data and ongoing energy management services.
Longer term the Company also has additional applications for water
and LPG.
Following its listing, the Company is now part of the FTSE AIM
50 index. For more information on SMS please visit the Company's
website: www.sms-plc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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