Smart Metering Systems PLC SMS signs preferred supplier contract
RNS Number : 6594K
Smart Metering Systems PLC
01 August 2013
Smart Metering Systems plc
SMS signs preferred supplier contract with DONG Energy Sales UK Limited
The Board of Smart Metering Systems plc (SMS) is delighted to announce that following discussions and subsequent engagement by DONG Energy Sales UK Limited (DESUK), SMS has been awarded a preferred supplier contract as DESUK's strategic metering partner for the provision of the full range of metering services to DESUK.
SMS provide solutions encompassing all aspects of the gas connections and smart metering markets and will partner with DESUK, the UK subsidiary of the DONG Energy Group, to deliver services including Meter Asset Management (MAM), Site-works and Data Services provision using SMS's automated meter reading solution the ADM(TM) device. Post installation, SMS will maintain the management of the meters based on terms which reflect SMS's existing index linked contracts with other suppliers.
Alan Foy, CEO of SMS, commented "We are delighted that DONG Energy Sales UK has decided to partner with us to this extent. This contract re inforces our position in the Industrial & Commercial market for installation of new and exchange of existing meters complete with our ADM(TM) and Data Services solutions."
Mike Hogg, Managing Director of DONG Energy Sales UK commented "We are very pleased to have entered into this preferred supplier contract with SMS which will enable us to deliver even better data and energy solutions to our Industrial & Commercial customers."
For Further Information:
Smart Metering Systems
plc 0141 249 3850
Alan Foy, Chief Executive
Glen Murray, Finance Director
Cenkos Securities 0131 220 6939 / 0207 397 8900
Kreab Gavin Anderson 020 7074 1800
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 the Company 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.
The Company has further applications for gas with its ADM(TM) 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 company also has additional applications for water and LPG.
The Company was admitted to the AIM market in July 2011 and is now part of the FTSE AIM 50 index, for more information on SMS please visit the Company's website: www.sms-plc.com
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