European contract win

RNS Reach

5 March 2015

ServicePower Technologies Plc

("ServicePower" or the "Company")

Latest ServiceScheduling contract increases ServicePower's market share in Europe

ServicePower Technologies Plc (AIM: SVR), a market leader in field service management technology, is pleased to announce thatit has signed a five year contract for its ServiceScheduling solution with a leading global manufacturer of hot water products.

The client manufactures and distributes smart, sustainable, integrated climate and sanitary hot water products, such as biomass, solar thermal, heat pumps and micro-CHP heating solutions. The manufacturer operates in 70 countries worldwide, including Germany, France and the UK, as well as Eastern Europe, North America and China.

ServicePower's patented ServiceScheduling technology will provide the client with on-premise industry leading scheduling technology for both employed and dedicated contracted labour in Europe, beginning with Germany and expanding to France and the UK. ServiceScheduling will enhance the flexibility, responsiveness and productivity of its field service team, while also providing it with the localisation and product features to support rollouts in countries across the globe. Additionally ServiceScheduling will facilitate simpler installation and maintenance of the client's hallmark brands by optimising the deployment of a variety of labour resources.

Marne Martin, CEO of ServicePower, commented "This latest customer win demonstrates further progress of the expansion of ServicePower into continental Europe and underlines the capability of our solutions to support global businesses. Our continued investment in technology innovation was fundamental in this client's decision to contract with ServicePower. We look forward to supporting our newest client as its deployments expand globally and its products evolve to include more IoT and M2M connectivity to offer increasingly proactive services which lower energy bills and reduce carbon emissions."

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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