Smart Metering Systems PLC New domestic smart meter contract win (7060N)
11 August 2017 - 1:00AM
UK Regulatory
TIDMSMS
RNS Number : 7060N
Smart Metering Systems PLC
10 August 2017
Smart Metering Systems plc
("SMS" or the "Company")
New domestic smart meter contract win
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 a new meter
rental agreement with Utility Warehouse to provide a minimum of
100,000 new meters starting immediately.
Under the terms of the agreement, SMS will provide domestic
smart meters as part of the UK Government programme, overseen by
the Department of Business Energy and Industrial Strategy,
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.
The funding of the domestic smart meters will be within SMS'
existing syndicated banking facility and on the same terms.
Alan Foy, Chief Executive Officer, commented:
"We are delighted to be working with Utility Warehouse who are
part of the fastest-growing segment of the retail energy supply in
the UK. SMS is well positioned to add these assets into its
existing and growing portfolio of owned meter assets delivered from
our established in house installation and asset ownership
operations."
For further Information:
Smart Metering Systems
plc 0141 249 3850
Alan Foy, Chief Executive
Officer
Craig McGinn, Company
Secretary
0131 220 6939 / 0207 397
Cenkos Securities plc 8900
Neil McDonald
Nick Tulloch
Beth McKiernan
Kreab 020 7074 1800
Matthew Jervois
Daniel Holgersson
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEBLFFDVFBBBB
(END) Dow Jones Newswires
August 10, 2017 11:00 ET (15:00 GMT)
Smart Metering Systems (LSE:SMS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Smart Metering Systems (LSE:SMS)
Historical Stock Chart
From Apr 2023 to Apr 2024