Smart Metering Systems PLC Remobilisation of non-essential works (2893O)
May 29 2020 - 2:00AM
UK Regulatory
TIDMSMS
RNS Number : 2893O
Smart Metering Systems PLC
29 May 2020
29 May 2020
Smart Metering Systems plc
Remobilisation of non-essential works
Smart Metering Systems plc (AIM: SMS, "SMS", "the Group"), which
installs and manages smart meters and carbon reduction assets to
facilitate effective energy management, is pleased to announce its
plans for a phased and progressive resumption of all non-essential
field work from 1 June 2020.
SMS has continued to provide essential and emergency field works
to maintain critical national infrastructure and energy supplies
since the Covid-19 outbreak and the temporary suspension of
non-essential field work announced in March. This remobilisation is
expected to be implemented over a period of three months and will
see the resumption of non-essential field-based activities,
including the installation of smart meters.
This will be continually reviewed and governed by a
comprehensive Covid-19 Business Risk Assessment developed in
consultation with employees, contractors and customers and will
adhere to Government guidelines.
The Risk Assessment includes new stringent health and safety
processes for engineers and field work, and additionally
establishes later phases of the Group's Return to Work plan,
including for office staff who successfully continue to work
remotely.
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 7397
and Nomad) 8900
Neil McDonald / Pete Lynch
Investec Bank plc (Joint Broker) 020 7597 5970
Christopher Baird / Henry Reast
Instinctif Partners 020 7457 2077
Adrian Duffield / Kay Larsen / Chantal
Woolcock
Notes to editors
SMS plc (www.sms-plc.com) installs and manages smart meters and
carbon reduction assets ("CaRe") to facilitate effective energy
management. Established in 1995, SMS provides a full end-to-end
service for metering financing, installation, management and
maintenance, with a highly skilled workforce and deep engineering
expertise.
SMS had 3.73 million meter and data assets under management as
of 31 December 2019. SMS's smart meter expertise also enables the
Company to provide consultancy services that allow organisations
and corporates to enhance long term efficiency and effectiveness in
the management of energy.
SMS's energy management and asset installation services also
include infrastructure design, installation, consultancy and
project management services for new gas, electricity, water and
telecoms connections for licensed energy and telecoms suppliers,
end consumers and the UK's licensed electricity Distribution
Network Owners (DNOs).
SMS employs in excess of 1,200 people across the UK who support
the installation and ongoing management of metering assets.
SMS plc is headquartered in Glasgow with 12 locations across the
UK.
SMS's shares are listed on AIM.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCVVLFLBELEBBE
(END) Dow Jones Newswires
May 29, 2020 02:00 ET (06:00 GMT)
Smart Metering Systems (LSE:SMS)
Historical Stock Chart
From May 2024 to Jun 2024
Smart Metering Systems (LSE:SMS)
Historical Stock Chart
From Jun 2023 to Jun 2024