Smart Metering Systems PLC New Domestic smart meter contract win (5135E)
18 Oktober 2018 - 3:58PM
UK Regulatory
TIDMSMS
RNS Number : 5135E
Smart Metering Systems PLC
18 October 2018
This includes inside information
Smart Metering Systems plc
("SMS" or "the Company")
New Domestic smart meter contract win - First Utility
Limited
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
agreement to 31(st) December 2021 with First Utility Limited
("First Utility") as its fully integrated domestic smart meter
installer and Meter Asset Provider.
First Utility, recently acquired by The Shell Petroleum Company
Limited, is one of the largest challenger energy suppliers in the
UK serving electricity, gas and dual fuel customers.
Under the terms of the exclusive agreement, SMS will have
initial access to up to 1 million meter points to exchange, fund
and install domestic smart meters on behalf of First Utility as
part of the UK Government programme, overseen by the Department of
Business, Energy and Industrial Strategy (BEIS), 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.
Colin Crooks, Chief Executive Officer of First Utility,
said:
"The UK's national smart meter programme represents a great
opportunity to transform the energy network in this country and
build a platform for future innovation and long-term benefits to
consumers. This partnership with SMS will extend our ability to
deliver on that potential and cost effectively meet our own
obligations as part of the roll out."
Alan Foy, Chief Executive Officer of SMS, commented:
"We are delighted to be extending our long-term partnership with
First Utility on their domestic smart meter rollout programme.
First Utility have a strong track record as one of the leading
challenger UK energy suppliers, and SMS are well positioned and
committed to lead the delivery of benefits that smart meters bring
to their significant customer base."
For further information:
Smart Metering Systems plc 0141 249 3850
Alan Foy, Chief Executive Officer
------------------------------
David Thompson, Chief Financial
Officer
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Craig McGinn, Company Secretary
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Cenkos Securities plc 0131 220 6939 / 0207 397 8900
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Neil McDonald
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Beth McKiernan
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Kreab 020 7074 1800
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Matthew Jervois
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END
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