New Domestic Smart Meter Contract Win

RNS Number : 1520F

Smart Metering Systems PLC

25 October 2018

 

This includes inside information

Smart Metering Systems plc

("SMS" or "the Company")

New Domestic smart meter contract win - Bristol Energy 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 agreement with Bristol Energy to provide services as an integrated domestic smart meter installer and Meter Asset Provider.

Under the terms of the agreement, SMS will have initial access to a minimum 100,000 meter points to exchange, fund and install domestic smart meters on behalf of Bristol Energy.

This forms 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.

Alan Foy, Chief Executive Officer of SMS, commented:

"It gives us great pleasure to have added Bristol Energy to our portfolio of contracted energy suppliers for the smart meter rollout programme. It is fantastic to support Bristol Energy who are a force for social good as well as a challenger energy supplier. SMS are well positioned and committed to lead the delivery of benefits that smart meters bring to their customers."

For further information:

Smart Metering Systems plc	0141 249 3850
Alan Foy, Chief Executive Officer
David Thompson, Chief Financial Officer
Craig McGinn, Company Secretary
Dilip Kejriwal, Investor Relations
Cenkos Securities plc	0131 220 6939 / 0207 397 8900
Neil McDonald
Beth McKiernan
Kreab	020 7074 1800
Matthew Jervois

 

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