Smart Metering Systems PLC New Smart Meter Contract Win - SSE Energy Supply (0848T)

TIDMSMS

RNS Number : 0848T

Smart Metering Systems PLC

18 March 2019

This announcement contains inside information

Smart Metering Systems plc

("SMS" or "the Company")

New industrial and commercial smart meter contract win - SSE Energy Supply Limited

Smart Metering Systems plc (AIM: SMS.L) ("SMS"), the integrated metering services company that connects (installs), owns, operates and maintains UK metering assets, is pleased to announce that it has signed an agreement with SSE Energy Supply Limited ("SSE") pursuant to which SSE has appointed SMS as the preferred national supplier to provide services as an integrated smart meter installer and Meter Asset Provider to its small business customers. The agreement provides SMS with the opportunity to supply and install up to 200,000 SMETS2 non-domestic meters (which are equivalent in specification to domestic smart meters).

This forms part of the UK Government programme, overseen by Ofgem and the Department of Business, Energy and Industrial Strategy (BEIS), requiring energy supply companies to provide all of their domestic and small business customers across the UK with a smart meter by 2020.

SMETS 2 meters are the next generation of smart meters and will deliver a wide range of improvements, including: interoperability - these devices enable seamless switching between energy suppliers by connecting with the Data Communications Company (DCC); maintain and extend the highest standard of security for householder data and will facilitate the connection of all types of home renewable and microgeneration technology onto the grid, supporting a cleaner, greener UK.

Alan Foy, Chief Executive Officer, commented:

"We are delighted to have built on our longstanding relationship with SSE to sign this new agreement in our well established commercial sector. We look forward to helping SSE bring the benefits of smart metering technology to SSE's small business customer base".

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, Head of Investor 
  Relations 
                                     ------------------------------ 
 
 Cenkos Securities plc                0131 220 6939 / 0207 397 8900 
                                     ------------------------------ 
 Neil McDonald 
                                     ------------------------------ 
 Beth McKiernan 
                                     ------------------------------ 
 
 Kreab                                020 7074 1800 
                                     ------------------------------ 
 Matthew Jervois 
                                     ------------------------------ 
 

Notes to Editors

About Smart Metering Systems

Established in 1995, Smart Metering Systems plc, headquartered in Glasgow, installs, owns, operates and maintains gas and electricity meters on behalf of major energy companies in the UK energy and utilities market.

The SMS Meter Assets business delivers long term stable income from ownership of over 2.5 million utility metering assets.

The SMS Asset Installation business installs gas and electricity meter assets for the Meter Asset business through engineering workforce across the UK.

SMS provide energy management and consultancy services to support large blue-chip companies in the UK, through a network of offices across the UK.

The energy management and asset installation services also include infrastructure design, installation, consultancy and project management services for new gas, electricity, water and telecoms connections for licenced energy and telecoms suppliers, end consumers and the UK's licenced electricity Distribution Network Owners (DNO's).

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 DCC (Data Communications Company)

DCC is leading the design, build, test and integration of the data and communications infrastructure to connect with the business systems of energy.

Smart DCC Ltd (DCC) operates under the Smart Meter Communication Licence which was granted by the Department of Business, Energy and Industrial Strategy (BEIS) and is regulated by Ofgem.

The licence allows us to establish and manage the smart metering data and communications infrastructure.

Smart Metering Systems plc is listed on the AIM market of the London Stock Exchange (SMS)

Registered Office: 48 St. Vincent Street, Glasgow G2 5TS

Registered in Scotland number: SC367563

Legal Entity Identifier number: 213800FGOUFSDPE33S71

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March 18, 2019 03:00 ET (07:00 GMT)