Contract With Property Management Company

RNS Reach

04 June 2014

ServicePower Technologies Plc

("ServicePower" or the "Company")

Software Selected by Leading Property Management Company

ServicePower Technologies Plc (AIM: SVR), a market leader in field management, is pleased to announce that it has secured a three year contract for its field management software with a global financial and professional services firm, contracted to perform services within the property sector.

As one of ServicePower's newest contracts within the property sector, this strategic win with one of the major global leaders in this vertical, demonstrates the flexibility of the ServicePower field management platform in adapting to best serve a number of industry sectors. ServicePower's innovative mobile capabilities were also central to securing the contract.

By choosing ServicePower's patented scheduling and adaptable mobile software, in addition to the client's leading technology platform, the client demonstrates its continued investment in building a world-class global facility management platform. The ServicePower field management platform enables the client to schedule field based resources more efficiently, fully mobilise field based processes and monitor activities in real time so that critical issues are addressed as they occur throughout the day. ServicePower's leading field management software products - ServiceScheduling, including M2M connected services, ServiceMobility and ServiceGPS will be used to enable improved overall productivity of managed real estate portfolios.

Marne Martin, CEO of ServicePower, commented "This client is a strategic win for ServicePower, validating investment in the innovation of our product platform. ServicePower now has enhanced mobile functionality, the most advanced scheduling technology, M2M Connected Services abilities and Smart Scheduling. This agreement is a testament to the strength of our software, sales capabilities and international implementation teams. This strategic win positions ServicePower well for future growth in the facilities management vertical."

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About ServicePower

ServicePower, the acknowledged leader in Optimisation Technology, provides an innovative global, fully mobilised field service management software platform used by field service organisations such as Assurant Solutions, Mitsubishi, Farmers Insurance, AIG Warranty and Pitney Bowes to improve productivity and efficiency, intelligently schedule appointments, SLA and complex jobs, as well as parts. Our platform focuses on solving fundamental field service problems with patented routing optimisation, M2M connected services, 3rd party dispatch and warranty claim payments, cutting edge mobile technology, robust business intelligence and asset tracking.

ServicePower is listed on the AIM market of the London Stock Exchange with the ticker SVR.L. For more information please visit www.servicepower.com