3rd Jun 2015 07:00
3 June 2015
Utilitywise plc
("Utilitywise", "the Company" or "the Group")
European patent for energy management system secured
Utilitywise plc (AIM:UTW), a leadingindependent utility cost management consultancy, has been granted a European patent for Edd:e, the energy and water consultancy's innovative energy monitoring system which helps customers analyse energy use, completing the next step in the global patenting process.
The patent, which was granted in the US last year, has moved one step further with the latest European endorsement, officially recognising Edd:e as a technical invention that benefits the industry in a new and innovative way.
Edd:e offers businesses a measurement and verification tool that helps them make informed decisions about the actions they need to take to save energy. On average, it shows Utilitywise customers ways to reduce energy consumption by 27 per cent, and by as much as 35 per cent in some cases.
Geoff Thompson, Chief Executive Officer at Utilitywise, said:
"We are incredibly proud to secure this European patent because it demonstrates Edd:e provides real-world energy savings and offers a unique tool for the marketplace.
"As businesses face increasing energy costs, it is more important than ever to ensure energy usage is being monitored carefully and our management system will allow customers to immediately identify any trends, anomalies or unforeseen changes in energy consumption, while being quick and easy to install."
This development is the latest addition in a line of new projects to showcase Utilitywise's strong track record in energy monitoring, as it follows on from the recent acquisition of technology firm t-mac Technologies Ltd. Using t-mac's technology for monitoring and controlling commercial energy usage, Utilitywise's experienced energy management team can help businesses better understand all aspects of energy usage.
For more information on Edd:e please visit http://hubs.ly/y0Rs070
-Ends-
Further information:
Utilitywise plc | 0870 626 0559 |
Geoff Thompson, CEO | |
Andrew Richardson, Deputy CEO Jon Kempster, CFO | |
finnCap (NOMAD and joint broker) | 020 7220 0500 |
Matt Goode / Grant Bergman (Corporate Finance) | |
Simon Johnson (Corporate Broking) | |
Liberum (joint broker) | 020 3100 2000 |
Robert Morton | |
Steve Pearce | |
Redleaf PR | 020 7382 4730 |
Rebecca Sanders-Hewett / Richard Gotla / David Ison |
About Utilitywise
Utilitywise is a leading independent utility cost management consultancy based in North Tyneside. The Group has established trading relationships with a number of major UK energy suppliers and provides services to its customers designed to assist them in achieving better value out of their energy contracts, reduced energy consumption and lower carbon footprint.
Businesses large and small rely on Utilitywise for their energy management needs. Clients range in size from high street shops to multinationals with thousands of sites and cover the whole of the UK. In total, Utilitywise has over c23,000 customers.
Utilitywise is a UK company quoted on the AIM market of the London Stock Exchange. For more information, please visit www.utilitywise.com.
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