Last checked at 29 May 2020 07:00
29 May 2020
Smart Metering Systems plc
Remobilisation of non-essential works
Smart Metering Systems plc (AIM: SMS, "SMS", "the Group"), which installs and manages smart meters and carbon reduction assets to facilitate effective energy management, is pleased to announce its plans for a phased and progressive resumption of all non-essential field work from 1 June 2020.
SMS has continued to provide essential and emergency field works to maintain critical national infrastructure and energy supplies since the Covid-19 outbreak and the temporary suspension of non-essential field work announced in March. This remobilisation is expected to be implemented over a period of three months and will see the resumption of non-essential field-based activities, including the installation of smart meters.
This will be continually reviewed and governed by a comprehensive Covid-19 Business Risk Assessment developed in consultation with employees, contractors and customers and will adhere to Government guidelines.
The Risk Assessment includes new stringent health and safety processes for engineers and field work, and additionally establishes later phases of the Group's Return to Work plan, including for office staff who successfully continue to work remotely.
For further information:
Smart Metering Systems plc | 0141 249 3850 |
Alan Foy, Chief Executive Officer |
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Dilip Kejriwal, Investor Relations |
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Cenkos Securities plc (Joint Broker and Nomad) | 0131 220 6939 / 020 7397 8900 |
Neil McDonald / Pete Lynch |
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Investec Bank plc (Joint Broker) | 020 7597 5970 |
Christopher Baird / Henry Reast |
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Instinctif Partners | 020 7457 2077 |
Adrian Duffield / Kay Larsen / Chantal Woolcock |
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Notes to editors
SMS plc (www.sms-plc.com) installs and manages smart meters and carbon reduction assets ("CaRe") to facilitate effective energy management. Established in 1995, SMS provides a full end-to-end service for metering financing, installation, management and maintenance, with a highly skilled workforce and deep engineering expertise.
SMS had 3.73 million meter and data assets under management as of 31 December 2019. SMS's smart meter expertise also enables the Company to provide consultancy services that allow organisations and corporates to enhance long term efficiency and effectiveness in the management of energy.
SMS's energy management and asset installation services also include infrastructure design, installation, consultancy and project management services for new gas, electricity, water and telecoms connections for licensed energy and telecoms suppliers, end consumers and the UK's licensed electricity Distribution Network Owners (DNOs).
SMS employs in excess of 1,200 people across the UK who support the installation and ongoing management of metering assets.
SMS plc is headquartered in Glasgow with 12 locations across the UK.
SMS's shares are listed on AIM.