Utilitywise plc Partnership Agreements

TIDMUTW

Utilitywise plc

05 June 2014

5 June 2014

Utilitywise Plc

("Utilitywise" or "the Company")

Partnership Agreements

Utilitywise PLC (AIM:UTW), a leading independent utility cost management consultancy, is pleased to announce that it has signed two new partnership agreements, one with the British Chambers of Commerce (BCC) and the other agreement with South West Water's dedicated business to business brand, Source for Business.

Under the terms of the first agreement, the BCC and Utilitywise have formed a new pilot project to work with participating Chambers of Commerce to deliver a wide range of energy and water reduction solutions to companies. Utilitywise will offer members of participating Chambers access to a basket solution, the 'Chamber Energy Alliance'. This product utilises flexible energy purchasing to allow all organisations, regardless of size, to take advantage of price movements within the wholesale energy market.

In addition, Source for Business has also joined Utilitywise's Partner Channel which will see Utilitywise's services, which include energy procurement, energy measurement, efficiency and carbon management products and services, offered to South West Water's 60,000 business customers.

Geoff Thompson, CEO of Utilitywise, commented: "We are delighted to announce these important additions to our Partner Channel. Utilities are a key cost for all businesses, big and small, and managing these costs efficiently is a major challenge. Our products allow us to offer business customers a comprehensive energy and water management solution and we are confident that this will benefit our partners' customers as well as increase the number of businesses we can help."

For further information:

 
 Utilitywise plc                                     0870 626 0559 
 Geoff Thompson (CEO) 
  Andrew Richardson (CFO) 
 
 finnCap (NOMAD and broker)                          020 7220 0500 
 Matt Goode / Charlotte Stranner / Henrik Persson 
  (Corporate Finance) 
 Simon Johnson (Corporate Broking) 
 
 Newgate Threadneedle                                020 7653 9850 
 Josh Royston / John Coles / Hilary Millar 
 

About Utilitywise

Utilitywise is a leading independent utility cost management consultancy based in South Shields, Tyne and Wear. The Company has established trading relationships with a number of major UK energy suppliers and provides services to its customers designed to assist them in achieving better value out of their energy contracts, reduced energy consumption and lower carbon footprint.

Businesses large and small rely on Utilitywise for their energy management needs. Clients range in size from high street shops to multinationals with thousands of sites and cover the whole of the UK. In total, Utilitywise has over 17,000 customers and manages an overall energy consumption of approaching 20 terra watt hours per annum.

Utilitywise is a UK company quoted on the AIM market of the London Stock Exchange. For more information, please visit www.utilitywise.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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