Servelec Group plc Servelec awarded Remote Operations contract

TIDMSERV

Servelec Group plc

21 December 2016

Distributed via RNS REACH

21 December 2016

Servelec Group PLC

("Servelec" or the "Group")

Servelec awarded Remote Operations contract

Servelec, the UK-based technology and software group, has been awarded a contract by a major UK gas supplier to provide a remote operations solution for a gas platform in the North Sea by deploying a specially developed Servelec Controls system.

Whilst conversations have been ongoing regarding this potential project for many years, work has now started on the project and is expected to contribute towards revenues in the current financial year. Following installation on the first platform by May 2017 there are options to extend the system to cover additional platforms.

Alan Stubbs, Chief Executive Officer of Servelec Group Plc confirmed: "As a business focused on helping our customers to reduce their Opex whilst extending the life of ageing assets, we are proud to be working with our customer on this game-changing project. The remote operations and monitoring system provided by Servelec will extend the operational life and viability of the platform for years to come.

"This project marks a significant achievement for Servelec and further strengthens the Group's position with regards to winning additional contracts on this customer's other assets as well as with other OEMs; many of whom we are already in discussion with about future opportunities."

<ENDS>

For further enquiries, please contact:

 
  Servelec Group plc 
   Alan Stubbs, Chief Executive 
    Officer 
   Mike Cane, Chief Financial 
    Officer 
    Pamela Weeks, Head of Corporate 
    Communications                     [phone] 
  Investec Bank plc 
   Patrick Robb / Dominic 
    Emery 
    Sebastian Lawrence / 
    Matt Lewis                         [phone] 
  Tulchan Group 
   James Macey-White 
    / Matt Low                         [phone] 
 

Notes to Editors

Servelec Group plc is a UK-based technology group, with significant intellectual property, providing software, hardware and services predominantly to the UK healthcare, oil & gas, nuclear, power, water, utilities and broadcast sectors.

Servelec has two operating divisions; Servelec Health & Social Care and Servelec Automation:

Servelec Health & Social Care specialises in the design, development and implementation of Electronic Patient Record (EPR) and Patient Administration Systems (PAS) and Social Care Case Management software within secondary care and social care settings and is a market leader in the Mental Health, Community Health and Social Care sectors in England.

Servelec Automation provides complex, mission-critical control systems to large blue-chip companies mainly in the UK, focusing on the oil & gas, nuclear, power, water, utilities and broadcast industries. Servelec Automation also provides services from consultancy through to design, implementation, delivery, installation and on-going customer support and maintenance.

This information is provided by RNS

The company news service from the London Stock Exchange

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December 21, 2016 02:00 ET (07:00 GMT)