Smart Metering Systems PLC Contract extension with Shell (9236V)
17 Dezember 2021 - 7:59AM
UK Regulatory
TIDMSMS
RNS Number : 9236V
Smart Metering Systems PLC
17 December 2021
17 December 2021
Smart Metering Systems plc
Contract extension with Shell
Smart Metering Systems plc (AIM: "SMS", the "Group"), a fully
integrated energy infrastructure company owning and managing meter
assets, energy data, grid-scale batteries and other carbon
reduction ("CaRe") assets is pleased to announce that it has
extended the exclusivity agreement with Shell Energy Retail Limited
("Shell") for the installation and funding of smart meters until
December 2025.
Alan Foy, CEO, SMS commented:
"The extension of the exclusivity agreement is a testament to
the strength of our long-term relationship with Shell, underpinned
by our well established end-to-end integrated model."
Tony Keeling, CEO, Shell Energy Retail Limited commented:
"Shell has significantly grown its market share in the UK retail
energy supply in recent months. The extension of our partnership
with SMS is key to us safely continuing to deliver the smart meter
roll-out programme - a critical enabler to digitalise and
decarbonise the UK energy system."
For further information:
Smart Metering Systems plc 0141 249 3850
Alan Foy, Chief Executive Officer
Dilip Kejriwal, Investor Relations
Cenkos Securities plc (Joint Broker 0131 220 6939 / 020
and Nomad) 7397 8900
Neil McDonald / Pete Lynch
Investec Bank plc (Joint Broker)
Christopher Baird / Henry Reast
020 7597 5970
RBC Capital Markets (Joint Broker)
Matthew Coakes / Evgeni Jordanov /
Jack Wood 020 7653 4000
Instinctif Partners sms@instinctif.com
Tim Linacre / Guy Scarborough / Sarah
Hourahane 07917 178 920
Notes to Editors
Smart Metering Systems plc (www.sms-plc.com) is the fully
integrated energy infrastructure company owning and managing meter
assets, energy data, grid-scale batteries and other carbon
reduction (CaRe) assets. The Group manages and optimises these
assets through its in-house technology and data analytical platform
"METIS".
Established in 1995, SMS provides a full end-to-end service,
from funding and installation to management and maintenance, with a
highly skilled workforce, deep engineering expertise and
well-established industrial partnerships.
SMS is leading the low carbon, smart energy revolution in the UK
and is committed to reducing its own carbon emissions to net zero
by 2030. SMS has been recognised with the London Stock Exchange's
Green Economy Mark every year since it was introduced in 2019.
SMS plc is headquartered in Glasgow with a national presence
across twelve UK locations.
SMS's shares are listed on AIM.
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END
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