SVR.L Regulatory News (SVR)

19 Apr 2005 06:00

SERVICEPOWER TECHNOLOGIES PLC ("SERVICEPOWER" OR THE "COMPANY") Contract Award ServicePower, the recognised market leader in artificial intelligence based,field service scheduling solutions and computer services, today announced ithas signed a contract with a Fortune 100 group of companies to provide theSERVICEPower scheduling solution. This is the contract that was delayed from2004 and was referred to in the trading update in March.The contract is worth over ‚£1.1 million in revenue in 2005 plus significantongoing support revenue. It lifts the contracted and committed revenue for theCompany in 2005 to ‚£6.3 million; 53% more than our full year revenue in 2004.This enterprise-wide contract will initially schedule the work of 3,200installation and repair technicians across the US and Canada. The solution willenable management to create and maintain optimal schedules for their complexmix of planned and ad-hoc work. The pricing and contractual terms apply acrossthe many multinational companies that form the group and the directors areconfident that further orders will be forthcoming. The client cannot be namedat this time for commercial reasons."I am very pleased to be awarded this contract, as it demonstrates our softwareis still at the leading edge for companies that operate in a dynamic, reactivebusiness environment where the capability to manage real-time change is vital.Our client is one of the leaders in Corporate Governance management and to havepassed their stringent tests is testimony to the quality of our software, ourpeople and our Company," commented David Brisco, CEO of ServicePower.Note: ServicePower refers to the company and SERVICEPower refers to theproduct.April 19th, 2005----------------------------------------------------------------------------------------------------------Contacts:David Brisco, Chief Executive Officer Tel: 0161 476 2277Barry Welck, Non-executive Chairman Tel: 07831 396539ServicePower Technologies PLCMichael Brennan Tel: 020 7071 4300Evolution Securities LimitedENDSERVICEPOWER TECHNOLOGIES PLC