Vipera Regulatory News (VIP)

8 Mar 2007 07:00

Embargoed: 0700hrs 8 March 2007

Energy Asset Management Plc (the "Company") Marks & Spencer Contract

Energy Asset Management Plc's, wholly owned subsidiary Energy Assets Limited - providers of metering services to commercial and industrial energy users, is delighted to announce the signing of a five-year agreement with Marks & Spencer ("M&S") for the provision of gas meter data logging services. The scope of service includes provision, installation and commissioning of the data loggers and the remote collection of half hourly consumption data.

Through the installation of Data-Loggers, Energy Assets Limited will provide M&S with half hourly gas consumption data on a daily basis, thereby identifying energy wastage and assisting in the improvement of cash forecasting by removing estimated gas bills. The Directors of the Company anticipate that Energy Assets Limited will have installed the technology in approximately 200 M&S stores by the end of March, eventually leading to full UK installation for M&S including their London head office.

The award of this contract to Energy Assets Limited follows the announcement of M&S' five year `eco-plan', Plan A. The plan will see M&S reduce the amount of energy it uses by 25%, making it more energy efficient, and powering its stores with 'green' renewable energy.

Managing Director of Energy Asset Management, Alan McKeating, commented,

"Having announced a similar solution for Woolworths' electricity consumption last month, M&S is the second major commercial customer that we have secured this year. Our cost effective, flexible remote data solution allows detailed energy management at either single or multiple locations, providing quick and significant benefits.

The Data-Logger solution is attractive to Multi Site companies as even by installing one unit in just one store it is proven that significant areas for energy saving can be immediately identified - multiply this across a whole network and you can achieve a very beneficial energy saving impact."

For further information please contact,

Energy Asset Management Plc

Alan McKeating, Managing Director

Tel. 07843 231 372Ruegg & Co LimitedGavin Burnell 020 7584 3663Hansard GroupBen SimonsTel. 020 7245 1100