SVR.L Regulatory News (SVR)

5 Jan 2005 07:00

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 contracts with The Hartford Steam Boiler Inspection and InsuranceCompany, (HSB), a subsidiary of the AIG insurance group, to provide the SERVICEPower scheduling solution.This enterprise-wide contract will schedule the work of 350 inspectors acrossthe U.S. who provide insurance certificates for equipment such as industrialboilers, pressure vessels and other equipment, and various property services.The solution includes a complex mix of appointment offering and same daychange.The contract is worth more than ‚£350,000 and is significant in that it isServicePower's second major contract in the insurance sector. It is alsoanother example of how successful ServicePower is at turning initial pilotprojects into enterprise license deals. The original deal to run a pilotproject with HSB was signed in October 2003."I am very pleased to be awarded this contract, as quite rightly in thiseconomic climate, HSB is exceedingly cautious about the adoption of any newtechnology. We have successfully passed a number of tests assessing ourproduct's performance, security and stability prior to contract award and arepleased to have the approval of a company with the stature of HSB," commentedDavid Brisco, CEO of ServicePower.Note: ServicePower refers to the company and SERVICEPower refers to theproduct.5th January 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 LimitedEND