Water Intel. Regulatory News (WATR)

5 Feb 2007 07:00

Qonnectis plc05 February 2007 5th February 2007 Qonnectis plc Partnership with Major UK Water Company Qonnectis plc, a market leader in multi-utility smart metering, announces that,following successful field trials of pre-production units, it has receivedinitial orders for a new product from a major UK water utility to a value of£73,000. The orders are for the production of units incorporating new technology forleakage control and monitoring applications. They follow the successful deliveryof that announced on 11 October 2006, stating that Qonnectis had received a£52,000 order to develop an innovative product with a utility. The formal industry launch of the product is expected to take place later inQonnectis' financial year to 30 June 2007, with volume production taking placein the Far East. The intellectual property rights (IPR) for the co-developedproduct are jointly owned, and are based on a combination of pre-existingbackground IPR owned independently by the water company and Qonnectis. Michael Tapia, Chief Executive of Qonnectis commented; "This product represents a breakthrough for leakage control and a major stepforward for Qonnectis as a business. The partnership with our customer hascreated a product with considerable potential and we expect it to make asignificant contribution to our continued growth." For further information, please contact: Qonnectis plcMichael Tapia, Chief Executive 01932 788299 Bankside ConsultantsMichael Padley / Daniela Hale 020 7367 8888 HB CorporateEdward Hutton 020 7510 8600 Editors' notes - About QonnectisQonnectis' 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. The iStaq family of products work by sending meter readings to Qonnectis' securedata centre via SMS text messaging over the GSM network. The data is thenaggregated and published online via utility-branded "myMeter" websites operatedby Qonnectis. The data can also be sent directly to utilities' billing systems.Customers can access real-time information via a web browser using the "myMeter"service. For more information, please visit www.qonnectis.com. This information is provided by RNS The company news service from the London Stock Exchange