VANCOUVER, BC, Feb. 7, 2023
/CNW/ - Copperleaf® Technologies Inc. (TSX: CPLF)
("Copperleaf" or the "Company") announces the selection of its
decision analytics solution by SES Water, the UK water supply
company that serves 745,000 customers in East Surrey, West
Sussex, West Kent, and
South London. SES Water is the
eighth UK water company to join the growing Copperleaf
Community.
Ofwat, the UK water regulator, recently published its final
methodology for the PR24 price review period that sets expectations
around how water companies address immediate and long-term
challenges to deliver higher value for customers and the
environment. Water companies will be rewarded or penalized on the
quality and ambition of their business plan submissions.
SES Water selected the Copperleaf H2O Solution—an optimized
implementation of Copperleaf Portfolio™ designed
specifically to align with Ofwat's regulatory framework. SES Water
will use the Copperleaf H2O Solution to support the development and
subsequent delivery of its PR24 business plan. The solution
provides a consistent approach to developing, approving, and
managing investments through their full lifecycle using a
centralized, enterprise-wide platform.
"Planning efficiency is key as UK water companies are challenged
to build their next regulatory submissions that balance competing
requirements related to customer affordability, service resilience,
and future demand," said Edward
Clark, Copperleaf's Regional Director, Northern Europe. "Our rapid-start solution
will enable SES Water to quickly assess different investment
options and strategies across many metrics including cost, risk,
and outcome performance, so they can develop an optimal plan for
customers, shareholders, the regulator, and the environment."
"We are delighted to be working with SES Water to further
improve its approach to asset investment planning and management,"
added Stefan Sadnicki, Managing
Director of Copperleaf in EMEA. "Our solution is aligned with
the six capitals framework to support SES Water in aligning
decision-making criteria with its commitments to customers and the
environment."
"This is an exciting project for us and we are relishing the
opportunity to work with Copperleaf and its H20 solution. Our
fundamental aim is to make better, more informed decisions, using
the six capitals framework to optimize and prioritize our asset
interventions and strategic investments in a way that meets the
need of our customers and wider stakeholder groups, now and into
the future," said Daniel
Woodworth, Head of Asset Strategy at SES Water.
"Successful integration and use of the Copperleaf solution will be
a valuable enabler to ensuring we meet our long-term delivery
commitments."
Forward-Looking
Statements
This news release may contain "forward-looking information" and
"forward-looking statements" (collectively, "forward-looking
information") within the meaning of applicable securities laws in
Canada, including, without
limitation, statements with respect to our expectations, future
plans or opportunities. Forward-looking information is necessarily
based on a number opinions, estimates and assumptions that we
considered appropriate and reasonable as at the date such
statements are made, but which are subject to known and unknown
risks, uncertainties, assumptions and other factors that may cause
the actual results, level of activity, performance or achievements
to be materially different from those expressed or implied by such
forward-looking information, including but not limited to the risk
factors described in our 2021 Annual Information Form ("AIF") under
"Risk Factors. Accordingly, readers should not place undue reliance
on forward-looking information.
These statements reflect the Company's current expectations
regarding future events, performance, and results and speak only as
of the date of this news release. Consequently, there can be no
assurances that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. Except as required by securities
disclosure laws and regulations applicable to the Company, the
Company undertakes no obligation to update these forward-looking
statements if the Company's expectations regarding future events,
performance, or results change.
About SES Water
SES Water supplies 160 million litres of clean water every day
to over 745,000 people in Surrey,
Kent, and South London. The company's supply area is 322
square miles, extending from Morden and South Croydon in the north to
Gatwick Airport in the south, and from Cobham, Leatherhead, and
Dorking in the west to Edenbridge in the east. SES Water
maintains over 2,000 miles of water mains, with eight treatment
works, 23 pumping stations, and 31 operational service reservoirs
and water towers.
About Copperleaf
Copperleaf (TSX: CPLF) provides enterprise decision analytics
software solutions to companies managing critical infrastructure.
We leverage operational and financial data to empower our clients
to make investment decisions that deliver the highest business
value. What sets us apart is our commitment to providing
extraordinary experiences, shaped by people who care deeply,
products that deliver exceptional value, and partnerships that
stand the test of time. Copperleaf is a patron of The Institute of
Asset Management and actively participates in shaping the future of
asset management standards, including ISO 55000. Headquartered in
Vancouver, Canada, our solutions
are distributed and supported by regional staff and partners
worldwide. Together, we are transforming how the world sees
value.
Source: Copperleaf Technologies Inc. CPLF-IR
SOURCE CopperLeaf Technologies Inc.