19th Feb 2015 11:43
LONDON (Alliance News) - Smart Metering Systems PLC said Thursday it has signed a deal with Total Gas & Power Ltd, a subsidiary of France's Total SA, for the provision and ownership of electricity meters and data management services in the UK.
The deal covers an initial order of around 5,000 meters to be installed before April 2016.
Smart Metering Systems said the contract will increase recurring revenue in its Electricity division, but no further financial details of the deal were disclosed.
Shares in Smart Metering Systems are trading up 1.1% at 332.38 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
SMS.L