SVR.L Regulatory News (SVR)

21 March 2016

ServicePower Technologies PLC

("ServicePower" or the "Company")

Contract Updates

ServicePower Technologies Plc (AIM: SVR), a market leader in workforce management software, is pleased to announce that it has signed several contract extensions in the US and European markets.

Contract highlights

· A Leading UK energy and services company renews contract to enhance efficiency, productivity and labour forecasting

· International home appliances manufacturer executes contract for ServiceOperations and ServiceStats including dynamic dispatching of third party contractors, warranty claim processing and operational intelligence

· A Nordic provider of safety and security services extends its ServiceScheduling deployment to Finland to support improved field services delivery

· A global manufacturer of hot water solutions extends its contract for ServiceScheduling to extend productivity gains

· A global leader in unified communications solutions extends its ServiceScheduling contract in support of continued global deployments

· A loss adjustment and claim management company extends its ServiceScheduling contract in support of its UK business

Marne Martin, CEO, ServicePower, "These new contract extensions demonstrate that our continued commitment to innovation in our mobile workforce management software supports our clients' current and future field service goals. Improvements in ServiceScheduling and its real time optimisation capabilities, Quantum Annealing and Optimisation on DemandTM, new collaborative reporting in ServiceStats and continued investment in tools for third party contactor and warranty claims management, like ServiceOperations and NEXUS FSTM, provide a solid base on which to manage current operations while providing a launch pad for improvement of future metrics as business operations evolve." 

For further information, please contact:

About ServicePower

ServicePower, the acknowledged leader in Optimization Technology, provides an innovative global, mobile workforce management software platform used by field service organizations such as 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 optimization, 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 http://www.servicepower.com/