SMS signs contract with DONG Energy Sales Limited

RNS Number : 0475L

Smart Metering Systems PLC

30 August 2012

 



30 August 2012

Smart Metering Systems plc

("SMS" or "the Company")

SMS signs contract with DONG Energy Sales  Limited for meter exchanges and ADM™ roll out

The Board of Smart Metering Systems plc (AIM: SMS.L), is delighted to announce that SMS has signed a new contract with DONG Energy Sales Limited (formerly Shell Gas Direct), a UK subsidiary of DONG Energy . This contract includes the provision of SMS's advanced automated meter reading solution, ADM™, for DONG Energy Sales  Limited's industrial and commercial (I & C ) customers.

The contract covers gas meters to be exchanged for new pulse enabled meters installed at the premises of DONG Energy Sales  Limited's customers, in addition to installation of the ADM™ solution. Initial run rates are currently being established and once installed the meters will be included in SMS's long term index linked contracts.

Alan Foy, CEO of SMS, commented:

"We are very pleased that DONG Energy Sales  Limited has decided to adopt the ADM™ solution as part of this contract. The signing of this contract is another step towards our stated aim of becoming market leader in the independent ownership of I&C meters and establishing the ADM™ as the industry standard smart metering solution for I&C clients.

For Further Information:

Smart Metering Systems plc	0141 249 3850
Alan Foy, Chief Executive Officer
Glen Murray, Finance Director
Cenkos Securities	0131 220 6939 / 0207 397 8900
Ken Fleming
Jon Fitzpatrick
Kreab Gavin Anderson	020 7074 1800
Ken Cronin
Anthony Hughes

Notes to Editors

About Smart Metering Systems

Established in 1995, Smart Metering Systems plc based in Glasgow, connects, owns, operates and maintains metering systems and databases on behalf of major energy companies. 

Currently the Company is concentrating its efforts on offering its unique integrated services to the UK industrial and commercial gas market in which its customers have an 80% market share.

The company has further applications for gas with its ADM™ device which allows "smart" functions such as remote reading and half hourly consumption data to be offered to customers in addition to the normal metering services. Longer term the company also has additional applications for water and LPG.

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 the ADM™ solution

The ADM™ is a cost effective and reliable data collection and smart metering solution developed by SMS and principally aimed at the I&C market. The ADM™ solution provides half hourly gas consumption data by access to a secure web portal or by daily e-mail or by secure data file transfer, depending on the requirements of the customer. European patent approval for the ADM™  solution and safety certification for operation in the most hazardous environments has been granted. The key features of ADM™ are that it does not require pre-installation programming, and is very much 'plug and play', resulting in reduced costs to the gas suppliers with increase data reliability over existing manual meter read services.

 

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