SVR.L Regulatory News (SVR)

1 Mar 2006 07:00

1st March 2006 SERVICEPOWER TECHNOLOGIES PLC ("ServicePower" or the "Company") Award of Contract 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 a contract expected to be worth over ‚£1.1million in 2006.The contract, for a SERVICEPower software licence and consultancy has beenplaced by a US insurance company that, for commercial reasons, we are unable toname. SERVICEPower technology will optimise the work and also enable despatchof those jobs to mobile field-based technicians. Our client has over 400employed loss adjustors plus more than 1,000 independent affiliates that willbe using the system.David Brisco, CEO commented "Our SERVICEPower software solution has now beenpurchased by four major US insurance companies to optimise the work of theirloss adjustors. Meanwhile our partner CCC provides a hosted SERVICEPowersolution to the tier 2 and tier 3 insurance companies across the US. It is ourgoal to make ServicePower the provider of industry standard schedulingsolutions for insurance business in the US."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