SVR.L Regulatory News (SVR)

RNS Reach

3 February 2015

ServicePower Technologies Plc

("ServicePower" or the "Company")

UK Contract Wins

ServicePower Technologies Plc (AIM: SVR), a market leader in field service management software, is pleased to announce it has signed two new contracts for ServiceOutsourcing and ServiceOperations in the UK, with an expected combined value of £750,000 over 3 years. These latest UK companies to use ServicePower's managed, connected repair network, further expand the Company's footprint in the consumer appliance and home cover markets.

The first client, a provider of warranty solutions to manufacturers, distributors and retailers in the UK, creates tailored protection plans covering computers, small domestic appliances and brown and white goods. The three year contract with ServicePower for its ServiceOperations software will enable the client to book repair service jobs and process claim payments to a third party contractor network developed and managed by ServicePower through its ServiceOutsourcing service.

The second client, a market leader of home appliance products in Europe, has also contracted with ServicePower for three years for both ServiceOperations and ServiceOutsourcing services. ServicePower will provide a managed appliance contractor network which will be dispatched to repair appliances in the UK using its ServiceOperations software.

Marne Martin, CEO of ServicePower, commented "We are delighted to announce further traction in the UK. These new contact wins are strong validation of our innovative field service management software platform and position as the leading service network management firm in the UK field service market."

For further information, please contact:

About ServicePower

ServicePower, the acknowledged leader in Optimisation Technology, provides an innovative global, fully mobilised field service management software platform used by field service organisations such as Assurant Solutions, Mitsubishi, Farmers Insurance, AIG Warranty and Pitney Bowes to improve productivity and efficiency, intelligently schedule appointments, SLA and complex jobs, as well as parts. Our platform focuses on solving fundamental field service problems with patented routing optimisation, M2M connected services, 3rd party dispatch and warranty claim payments, cutting edge mobile technology, robust business intelligence and asset tracking.

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