Smart Metering Systems PLC New Domestic Smart Meter Contract Win (1520F)

TIDMSMS

RNS Number : 1520F

Smart Metering Systems PLC

25 October 2018

This includes inside information

Smart Metering Systems plc

("SMS" or "the Company")

New Domestic smart meter contract win - Bristol Energy Limited

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 an agreement with Bristol Energy to provide services as an integrated domestic smart meter installer and Meter Asset Provider.

Under the terms of the agreement, SMS will have initial access to a minimum 100,000 meter points to exchange, fund and install domestic smart meters on behalf of Bristol Energy.

This forms part of the UK Government programme, overseen by the Department of Business, Energy and Industrial Strategy (BEIS), 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.

Alan Foy, Chief Executive Officer of SMS, commented:

"It gives us great pleasure to have added Bristol Energy to our portfolio of contracted energy suppliers for the smart meter rollout programme. It is fantastic to support Bristol Energy who are a force for social good as well as a challenger energy supplier. SMS are well positioned and committed to lead the delivery of benefits that smart meters bring to their customers."

For further information:

 
 Smart Metering Systems plc            0141 249 3850 
 Alan Foy, Chief Executive Officer 
                                      ------------------------------ 
 David Thompson, Chief Financial 
  Officer 
                                      ------------------------------ 
 Craig McGinn, Company Secretary 
                                      ------------------------------ 
 Dilip Kejriwal, Investor Relations 
                                      ------------------------------ 
 
 Cenkos Securities plc                 0131 220 6939 / 0207 397 8900 
                                      ------------------------------ 
 Neil McDonald 
                                      ------------------------------ 
 Beth McKiernan 
                                      ------------------------------ 
 
 Kreab                                 020 7074 1800 
                                      ------------------------------ 
 Matthew Jervois 
                                      ------------------------------ 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

CNTQELBLVBFEFBX

(END) Dow Jones Newswires

October 25, 2018 02:56 ET (06:56 GMT)