SVR.L Regulatory News (SVR)

18 January 2013

ServicePower Technologies Plc

("ServicePower" or the "Company")

Trading Update

ServicePower Technologies Plc (AIM: SVR), a market leader in outsourced services and field management, today provides an update on trading for the year ended 31 December 2012.



Further to the update on 24 December 2012, ServicePower now expects revenue for the year to be approximately £11.1 million, a likely EBITDA result of a loss of £1.3 million and loss before tax of approximately £1.8 million, of which approximately £0.5 million is expected to relate to foreign exchange losses. The Board expects to report a net cash balance of approximately £4.5 million at the year end.

ServicePower had experienced protracted contract negotiations on several significant contracts that are now progressing positively and the Company expects to conclude contracts worth over £1 million in revenue for 2013 by the end of the month.

Mark Duffin, CEO of ServicePower, commented, "We continue to increase our client reach with negotiations on several significant contracts with a range of blue chip corporations in both the US and UK. We are in the process of further extending our service platform, by adding the power of crowd-sourcing, mobility and the cloud to our products. ServicePower is at the forefront of the field services industry, committed to providing an unrivalled service in terms of quality and breadth of product capabilities, and given the visibility in the sales pipeline we believe the prospects of ServicePower in 2013 to be positive."

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About ServicePower

ServicePower Technologies Plc is the only company that can provide a complete, global field management platform that controls all elements of the service lifecycle from offering an appointment, assigning resource and dispatching work through to tracking resources, processing claims and providing business intelligence and analytical reports. With advanced intelligence-based scheduling, dispatch and open market auction software, as well as access to a global network of 86,000 repair and installation technicians, we enable companies to control and schedule work using a mixed resource pool of employees and independent contractors. ServicePower provides solutions that cross all industries. Current customers include Assurant Solutions, Mitsubishi, Farmers Insurance, and Pitney Bowes.

ServicePower is listed on the AIM market of the London Stock Exchange with the ticker SVR.L.

For more information please visit www.servicepower.com