TIDMSMS

RNS Number : 5558Y

Smart Metering Systems PLC

22 August 2018

Smart Metering Systems plc

("SMS" or the "Company")

New domestic smart meter contract win

Smart Metering Systems plc (AIM: SMS.L) ("SMS"), the integrated metering services company that connects, owns, operates and maintains current generation and new advanced metering assets and databases, is pleased to announce that it has signed an exclusive meter rental agreement with Good Energy to supply new SMETS 2 meters.

Under the terms of the agreement, SMS will provide domestic smart meters as part of the UK Government programme, overseen by the Department of Business Energy and Industrial Strategy, requiring domestic energy supply companies to provide all of their customers with a smart meter in homes and small businesses across the UK by 2020.

Alan Foy, Chief Executive Officer, commented:

"We are delighted to be working with Good Energy as their exclusive supplier, one of the UK's leading suppliers of energy from renewable sources, in the rollout of their smart meter programme. Good Energy have over 250,000 customers across the UK, SMS is well positioned to support them with the smart meter rollout given our strong track record for customer services and asset ownership and management."

John Maltby, Good Energy Chairman, said:

"We are pleased to announce our partnership with SMS as the chosen supplier of our new SMETS 2 meters, as part of the UK Government programme, to roll out smart meters to UK energy customers.

Good Energy is focused on making sure smart meters work for the renewable energy sector. Partnering with SMS gives us the ability to provide our customers with a market leading smart meter, and associated products, which will enhance user experience."

For further Information:

 
 Smart Metering Systems plc           0141 249 3850 
 Alan Foy, Chief Executive Officer 
                                     ------------------------------ 
 David Thompson, Chief Financial 
  Officer 
                                     ------------------------------ 
 Craig McGinn, Company Secretary 
                                     ------------------------------ 
 
 Cenkos Securities plc                0131 220 6939 / 0207 397 8900 
                                     ------------------------------ 
 Neil McDonald 
                                     ------------------------------ 
 Beth McKiernan 
                                     ------------------------------ 
 
 Kreab                                020 7074 1800 
                                     ------------------------------ 
 Matthew Jervois 
                                     ------------------------------

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END

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