SVR.L Regulatory News (SVR)

4 November 2016

ServicePower Technologies Plc

("ServicePower" or the "Company")

Leading Global Insurer Selects ServicePower Unity to Optimise Workforce Management

To deploy ServicePower's entire mobile workforce management platform in support of its Canadian insurance business

ServicePower Technologies Plc (AIM: SVR), a market leader in mobile workforce management software, today announces that it has signed a contract with leading global insurer for ServicePower Unity, ServicePower's complete software platform; a deal valued at nearly $1,000,000 over the next five years.

The client provides life, health and general insurance, as well as asset management, to customers globally, including selected markets in Europe, Asia and Canada. The client selected ServicePower Unity, which combines all elements of our mobile workforce management software, including entitlement and work order management, schedule and route optimization, contractor dispatch and claims management, field mobility, and business intelligence, in a single, integrated offering, for use in managing its Canadian insurance operations.

ServicePower Unity provides the client with ServiceScheduling's real time, unlimited intra-day schedule optimization, or Optimization on DemandTM as needed, ServiceOperations, NEXUS FSTM and enterprise mobility and robust operational and business intelligence, enabling it to manage the entire policy holder lifecycle from first notice of loss through to claim processing.

The client selected ServicePower as its mobile workforce management solution to provide enhanced productivity, efficiency and field mobilization to its remote teams of inspectors and adjusters.

Marne Martin, CEO, ServicePower, stated "We're excited by this new win which again cements our leadership in the insurance sector. ServicePower Unity, which packages our mobile workforce management platform in a logical, simplistic pricing model, continues to gain market share as customers look to ServicePower to provide long term solutions. A mobile workforce visionary, ServicePower launched our first SaaS applications in 2004, with integration across the platform in 2008, offering both our large enterprise customers, as well as our network of thousands of independent contractors within our ServiceOperations ecosystem, schedule optimization, dispatching and warranty processing and business management. We look forward to a long term partnership with this new client."

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About ServicePower

ServicePower, the acknowledged leader in Optimization Technology, provides an innovative global, mobile workforce management software platform used by organizations with mobile workers to maximize 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, contractor and warranty management, cutting edge enterprise mobile and business management 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/