Trading Statement

RNS Number : 6337V

Smart Metering Systems PLC

16 January 2013

 



16 January 2013

Smart Metering Systems plc

('SMS')

Post-Close Trading Update

The Board of Smart Metering Systems plc (AIM: SMS.L), the integrated metering services company that connects, owns, operates and maintains current generation and new advanced metering assets and databases, is pleased to provide the following update on trading in the year ended 31 December 2012.

SMS has experienced continued strong trading performance across all business areas and, in particular, higher-than-expected activity levels in transactional services within its UK Meter Assets division. Accordingly, based on unaudited management accounts for the 12 months to 31 December 2012, SMS anticipates that its results will be around 10% ahead of current market expectations.

The full year results will be published in mid-to-late March 2013.

For Further Information:

Smart Metering Systems plc	0141 249 3850
Alan Foy, Chief Executive Officer
Glen Murray, Finance Director
Cenkos Securities	0131 220 6939 / 0207 397 8900
Ken Fleming
Neil McDonald
Kreab Gavin Anderson	020 7074 1800
Ken Cronin
Anthony Hughes

Notes to Editors

About Smart Metering Systems

Established in 1995, Smart Metering Systems plc based in Glasgow, connects, owns, operates and maintains metering systems and databases on behalf of major energy companies. 

Currently SMS is concentrating its efforts on offering its unique integrated services to the UK industrial and commercial gas market in which its customers have an 80% market share.

SMS has further applications for gas with its ADM™ device which allows "smart" functions such as remote reading and half hourly consumption data to be offered to customers in addition to the normal metering services. Longer term the SMS also has additional applications for water and LPG.

SMS was admitted to the AiM market in July 2011 and is now part of the FTSE AiM 50 index, for more information please visit SMS's website: www.sms-plc.com

About the ADM™ solution

The ADM™ is a cost effective and reliable data collection and smart metering solution developed by SMS and principally aimed at the I&C market. The ADM™ solution provides half hourly gas consumption data by access to a secure web portal or by daily e-mail or by secure data file transfer, depending on the requirements of the customer. European patent approval for the ADM™ solution and safety certification for operation in the most hazardous environments has been granted. The key features of ADM™ are that it does not require pre-installation programming, and is very much 'plug and play', resulting in reduced costs to the gas suppliers with increase data reliability over existing manual meter read services.

 

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