New Domestic Smart Meter Contract Win

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 plc	0131 220 6939 / 0207 397 8900
Neil McDonald
Beth McKiernan

Kreab	020 7074 1800
Matthew Jervois
Daniel Holgersson

 

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