Remobilisation of non-essential works

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 and Nomad)	0131 220 6939 / 020 7397 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.

 

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