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Smart Metering Sys SMS SMS signs contract with E.ON Energy Solutions Ltd

  Smart Metering Sys (SMS) - SMS signs contract with E.ON Energy Solutions Ltd

RNS Number : 3726Q
Smart Metering Systems PLC
06 November 2012




6 November, 2012

                          Smart Metering Systems plc

                                   ('SMS')

                                      

              SMS signs contract with E.ON Energy Solutions Ltd



The Board of Smart Metering Systems plc (AIM: SMS.L), is delighted to announce
that SMS has signed  a new non-exclusive contract  with E.ON Energy  Solutions 
Ltd for  gas  metering  services  including  the  provision  installation  and 
maintenance of gas metering and other ancillary equipment.

The contract covers the lifetime of the meters (approximately 25 years) and is
index linked, similar to the contractual provisions already in place for SMS's
current meter portfolio. The contract covers  domestic and I&C meters and  run 
rates are being established.

Alan Foy, CEO of SMS, commented:

"We are absolutely delighted that a major energy supplier such as E.ON  Energy 
Solutions Ltd has decided to partner with us. This contract represents further
penetration of the major UK energy  suppliers and is another step towards  our 
stated aim of becoming  market leader in the  independent ownership of  meters 
assets.



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
Jon Fitzpatrick
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 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™ 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



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.



                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


MSCDMMGMVKNGZZM -0- Nov/06/2012 07:00 GMT
 
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