21st Aug 2007 07:01
ServicePower Technologies PLC21 August 2007 SERVICEPOWER TECHNOLOGIES PLC ("ServicePower" or the "Company") Award of Contract ServicePower (LSE:SVR), the innovative supplier of outsourcing solutions andsoftware to the mobile repair and installations industry, is delighted toannounce today the award of a contract by a global leader and technologyinnovator in consumer electronics and home appliances. The contract is toprovide an outsourced repair infrastructure across the U.S. and is expected todeliver revenue in excess of £500,000 per year. The client is a leading Asia-based provider of consumer electronic products thathas recently begun selling in the U.S. ServicePower will outsource the repairjobs for the entire range of the client's consumer electronics and homeappliance products to ServicePower's extensive independent service network,which currently exceeds 85,000 service technicians. The Company's coast to coastservice network will allow the client to achieve considerable savings overestablishing and maintaining its own network. By implementing a nationwiderepair policy to replace the existing replacement policy, the client will alsoachieve further considerable cost savings. David Brisco, CEO, commented, "I am proud that such a prestigious company hasselected ServicePower to provide its service infrastructure for the U.S. market.Our client will benefit from a highly skilled service network and ServicePowerwill deliver a substantial number of additional jobs to the independent servicecompanies with which we deal. We are continuing to experience strong demand forour Outsourcing business, which together with our Software as a Service businesswill support our continued revenue growth in 2007." ENDS Note: ServicePower refers to the company and SERVICEPower refers to the product. For further enquiries please contact: David Brisco, Chief Executive Officer Tel: 0161 476 2277ServicePower Technologies PLC Bobbie Hilliam Tel: 020 7071 4300Evolution Securities Limited Tom Moriarty Tel: 020 7651 8688ICIS Limited About ServicePowerServicePower, publicly traded on the London Stock Exchange (LSE:SVR), allowscompanies to locate their employed field resources in the right geography,ensure they have the right mix of skills, and outside this geography create anetwork of independent, authorized service contractors whose costs areefficiently managed by our sophisticated warranty management software. Theschedules and routes for both the employed field resources and the independentservicers are optimised by ServicePower's technology to ensure the right balancebetween the cost of operations and ensuring customers receive a superior serviceexperience. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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