1st Aug 2006 14:30
Qonnectis plc01 August 2006 1st August 2006 Qonnectis plc Holding in Company The Board of Qonnectis plc ('Qonnectis' or 'the Company'), the energy and water conservation IT service provider, announces that the Company was notified today that City Equities Limited which purchased 25,000,000 shares in the Company's recent placing, representing 11.4% of the enlarged issued share capital, has sold all of these shares to certain of its private customers, acting as Principal, and that it no longer has a notifiable interest in the issued sharecapital of Qonnectis plc. For further information, please contact: Qonnectis plcMichael Tapia, Chief Executive 020 8893 4766 Bankside ConsultantsSue Scott / Michael Padley 020 7367 8888 Editors' notes - About QonnectisQonnectis' patented technologies enable the analysis of remote meter data tofacilitate water leakage control, customer profiling, and energy and watermanagement efficiency. Its products are already being used by a wide range of UKand overseas utilities including Scottish Water, Cambridge Water, Aquavitae,Generale des Eaux and Lyonnaise des Eaux as well as large commercial anddomestic users of energy or water. The iStaq family of products work by sending meter readings to Qonnectis' securedata centre via SMS text messaging over the GSM network. The data is thenaggregated and published online via utility-branded "myMeter" websites operatedby Qonnectis. The data can also be sent directly to utilities' billing systems.Customers can access real-time information via a web browser using the "myMeter"service. For more information, please visit www.qonnectis.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Water Intel.