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Provider: Thomson Reuters Stock Report

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Smart Metering Systems PLC Signs Contract With E.ON Energy Solutions Ltd

Tuesday, 6 Nov 2012 02:00am EST 

Smart Metering Systems PLC announced that it has signed a new non-exclusive contract with E.ON Energy Solutions Ltd for gas metering services including the provision installation and maintenance of gas metering and other ancillary equipment. The contract covers the lifetime of the meters (approximately 25 years) and is index linked, similar to the contractual provisions already in place for SMS's current meter portfolio. The contract covers domestic and I&C meters and run rates are being established . 

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-7.5 -1.84%
8:58am EDT