SVR.L Regulatory News (SVR)

9 Mar 2006 07:00

9th March 2006 SERVICEPOWER TECHNOLOGIES PLC ("SERVICEPOWER" OR THE "Company") Award of Contracts ServicePower (LSE:SVR), the innovative supplier of outsourcing solutions andsoftware to the mobile repair and installations industry, is today delighted toannounce that it has been awarded two contracts worth over ‚£1.3 million. Thisrepresents one time software licence fees plus hardware. The revenue will betaken mainly in 2006.The two contracts are with existing US corporate clients, a Fortune 50 and aFortune 200 company and are for the installation of the newly launched GlobalPositioning Satellite (GPS) solution, which is part of the "Field Service in aBox" suite of products.More specifically the contracts will involve installing an on-board monitoringdevice which is wired into the electrical system of the client's vehicles. Thedevice has a GPS receiver, wireless modem, antenna and provides connectivitywith external navigational software tools including TomTom navigationalsoftware. Coupled with sophisticated software on servers in our client'spremises, the system can monitor and report on certain key data such aslocation, average speed, travel distances etc. In total the system will beinstalled in 2,500 vehicles.David Brisco, CEO commented "Our new GPS tracking solution provides anincremental revenue stream by adding to our comprehensive range of solutionsthat can be used by major corporate customers and small independent companiesalike. Our system offers improved customer service through a greaterresponsiveness, reduces fuel costs and importantly enhances the safety andsecurity of both staff and vehicles. It is especially gratifying that ourcontracts wins were achieved against an established GPS vendor and reinforcesour view that we have compelling functionality at a realistic price."ENDSNote: ServicePower refers to the company and SERVICEPower refers to theproduct.For further enquiries please contact:David Brisco, Chief Executive Officer Tel: 0161 476 2277Barry Welck, Non-executive Chairman Tel: 07831 396539ServicePower Technologies PLCMichael Brennan, Bobbie Hilliam Tel: 020 7071 4300Evolution Securities LimitedTom Moriarty Tel: 020 7651 8688ICIS LimitedAbout ServicePowerServicePower, publicly traded on the London Stock Exchange (LSE:SVR), allowscompanies to locate their employed field resources in the right geography,ensure they have the right mix of skills, and outside this geography create anetwork of independent, authorized service contractors whose costs areefficiently managed by our sophisticated warranty management software. Theschedules and routes for both the employed field resources and the independentservicers are optimised by ServicePower's technology to ensure the rightbalance between the cost of operations and ensuring customers receive asuperior service experience.ENDSERVICEPOWER TECHNOLOGIES PLC