Re Contract

RNS Number : 5172D

Water Intelligence PLC

17 May 2012

 

17 May 2012

Water Intelligence plc (AIM: WATR)

("Water Intelligence", "the Company" or the "Group")

£250,000 Sale of Leakfrogs to Thames Water

Water Intelligence is a leading provider of smart water monitoring products and precision, non-invasive leak detection and remediation services. The Group's strategy is to be a "one-stop" solution provider for water utilities and commercial and residential customers as the need to prevent water loss from leaks and to preserve a scarce natural resource is increasingly recognized in the UK, US and markets around the world.  

Water Intelligence plc announces that its wholly owned subsidiary, Qonnectis Networks Limited, has received a £250,000 order from Thames Water for its Leakfrog product.  This order represents a 69% increase over the value of Leakfrogs delivered to Thames during 2011.  The order will be delivered in the third quarter of 2012. This product sale supplements the good start to the year experienced by the Group's principal trading subsidiary, American Leak Detection Inc.

Dr. Patrick DeSouza, Executive Chairman of Water Intelligence, commented: 

"This order for Leakfrog shows continued demand to provide water companies value with a very simple and cost-effective way to monitor leakage on the customer side of the meter.  We are pleased with this order.  Increasingly, water conservation is a salient issue.   Given strong market demand for solutions to water loss, we look forward to a good year in terms of the value we deliver our customers through our complementary suite of products and services."

FURTHER ENQUIRIES:

Water Intelligence plc
Patrick DeSouza, Executive Chairman	Tel: [phone]
Merchant Securities Limited
David Worlidge/Simon Clements	Tel: [phone]

College Hill	Tel: [phone]
Mark Garraway

 

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