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Energy Assets Gp plc EAS New Agreement with DONG Energy Sales

  Energy Assets Gp plc (EAS) - New Agreement with DONG Energy Sales

RNS Number : 4977R
Energy Assets Group plc
20 November 2012




                                      

For immediate release 20th November 2012





                           Energy Assets Group plc

                                      

               ("Energy Assets", the "Company" or the "Group")

                                      

                     New Agreement with DONG Energy Sales

                                      

                                      

Energy Assets Group (EAS),  the largest independent  provider of gas  metering 
services to the  UK Industrial  and Commercial  ("I&C") market  (by number  of 
meters owned and managed), is delighted to  announce that it has signed a  new 
non-exclusive Agreement with DONG Energy Sales (formally Shell Gas Direct) for
the  provision  of  Automated  Meter  Reading  technology  and  data  services 
solutions to DONG'sI&C customers.



The new  Agreement  offers DONG  Energy  a  suite of  innovative  options  and 
solutions to  help  customers  manage  their energy  use  and  also  meet  the 
industry's obligations on carbon reduction,  and extends the current range  of 
services  provided  byEAS  under  an  original  Agreementbetween  Shell  Gas 
Directand  Gazprom  Global  Energy  Solutions(formally  Truread)   signedin 
2008.The Agreement is the first newadvanced metering contract  signedbyEAS 
since its acquisition ofGazprom Global Energy Solutionson 12 October 2012.



CEO of Energy Assets, Phil Bellamy-Lee, commented:

"By signing this new Agreement we are delighted that DONG Energy has continued
to place  its  trust  in  EAS'  capabilities  and  technology.  The  Agreement 
providesEAS with a further  opportunity to continue  its growth strategy  and 
enhance its position as the leading independent provider of metering  services 
to the UKI&C energy market. It is a clear indicator that the proven  deployed 
technology, which was part of the  recent acquisition, will deliver value  and 
opportunity in the future."



Enquiries



For further information visit www.energyassets.co.uk or contact:



Energy Assets Group plc
Phil Bellamy-Lee / John McMorrow                      Tel: +44 (0)1506 405 405
Buchanan
Richard Darby  / Diane  Stewart /  Carrie Clement  / Tel: +44 (0)20 7466 5000
Helen Greenwood
Canaccord Genuity Limited
Piers Coombs / Adam Miller                            Tel: +44 (0)20 7523 8350
Macquarie Capital (Europe) Limited
Steve Baldwin / Dan Iacopetti                         Tel: +44 (0)20 3037 2000



Notes to Editors:



About Energy Assets



Energy Assets provides gas metering and related services in the I&C segment of
the UK gas market and is the largest independent provider of I&C gas  metering 
services in the UK (by number  of meters under management). The Group  offers 
gas suppliers  and end-user  consumers of  gas a  broad spectrum  of  metering 
services from  the provision  and  management of  new and  replacement  meters 
through its MAM Services division to the procurement and project management of
related gas  infrastructure works  and  the collection  and provision  of  gas 
consumption data through the Group's Siteworks and AMR divisions.



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

END


MSCBRBDBDGBBGDC -0- Nov/20/2012 07:01 GMT
 
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