Water Intel. Regulatory News (WATR)

20 Feb 2008 07:00

Qonnectis plc20 February 2008 20 February 2008 Qonnectis plc (AIM: QTI) Memorandum of Understanding The Board of Qonnectis plc ('the Company'), the data monitoring service providerfor utilities and major commercial users of energy and water, is pleased toannounce that it has signed a memorandum of understanding to enter into adistribution agreement for its new Leakfrog product with Halma Water Management('HWM'), the sales distribution arm of Palmer Environmental Ltd, part of Halmaplc. The definitive distribution agreement, to be signed after due process, willenable Qonnectis and HWM to jointly market the Leakfrog domestic leakage monitorthroughout the UK and internationally. Michael Tapia, Chief Executive of Qonnectis, commented: "HWM is internationally recognised as a leading supplier of water infrastructureand leakage products. The agreement will enable both parties to quickly takeLeakfrog to a very wide global market." Halma Water Management is a successful sales and sales support organisationservicing the water industry. HWM has dedicated sales teams throughout the UKand 35 international distributors servicing more than 50 countries worldwide.Today Qonnectis is presenting its Leakfrog product to over 100 of HWM'scustomers and distributors at its annual conference held at Wembley StadiumConference Centre. Mike Tennant, Business Development and Marketing Director of PalmerEnvironmental/HWM, said: "We are very excited about the potential for Leakfrog with our customer base andlook forward to a strong partnership with Qonnectis". For further information, please contact: Qonnectis plcMichael Tapia, Chief Executive 01932 788 299 HB CorporateEdward Hutton / Rachel Kane 020 7510 8600 Bankside ConsultantsMichael Padley / Louise Davis 020 7367 8888 Editors' notes - About Qonnectis Qonnectis' patented technologies enable the analysis of remote meter data tofacilitate water leakage control, customer profiling, and energy and watermanagement efficiency. Its products are already being used by a wide range of UKand overseas utilities as well as large commercial and domestic users of energyor water. Leakfrog, developed with Thames Water, is a product which provides leakagedetection and monitoring aimed at volume installations in homes. The iStaqfamily of products work by sending meter readings to Qonnectis' secure datacentre via SMS text messaging over the GSM network. The data is then aggregatedand published online via utility-branded 'myMeter' websites operated byQonnectis. The data can also be sent directly to utilities' billings systems.Customers can access real-time information via a web browser using the 'myMeter'service. For more information, please visit www.qonnectis.com. ENDS This information is provided by RNS The company news service from the London Stock Exchange