Smart Metering Systems PLC New Domestic Smart Meter Contract Win (6532E)
February 13 2018 - 2:00AM
UK Regulatory
TIDMSMS
RNS Number : 6532E
Smart Metering Systems PLC
13 February 2018
This announcement may contain inside information
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 a new meter
rental agreement with Utilita Energy to provide an opportunity for
over 100,000 new meters during 2018, starting immediately.
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:
"Our new contract with Utilita Energy provides us with the
opportunity to support one of the leading independent energy
suppliers in Great Britain as they seek to deliver the best service
for their energy consumers. SMS is well positioned to add these
assets into its growing portfolio of owned meters delivered from
our established in house installation and asset ownership
operations."
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 0131 220 6939 /
plc 0207 397 8900
Neil McDonald
Beth McKiernan
Kreab 020 7074 1800
Matthew Jervois
Daniel Holgersson
This information is provided by RNS
The company news service from the London Stock Exchange
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