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Pin to quick picksWater Intel. Regulatory News (WATR)

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247.50    -4.00 (-1.64%)
Bid:
240.00
Ask:
255.00
Spread: 15.00 (6.25%)
Market Cap: £40.41m
WATR Live PriceLast checked at - London Stock Exchange

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Re Agreement

29 Mar 2005 07:00

Qonnectis plc29 March 2005 Qonnectis plc Agreement with Cambridge Water plc Qonnectis plc ("Qonnectis" or "the Company"), the telematics and IT servicesprovider to the utility markets, announces that it has signed an agreement withCambridge Water plc which will allow them to re-sell the Qonnectis solutionthroughout the UK and within its parent group. Cambridge Water will be promoting Qonnectis's water management informationsystem and services to its customers. In addition, as part of its growthstrategy and in an innovative programme for a UK water company, Cambridge Waterwill also market the system and service solution to major commercial andindustrial customers throughout the UK. The agreement was signed following successful trialling of Qonnectisinstallations at food and beverage companies in the Cambridge area, and at a UKport. Brett Fleming-Jones, Commercial Director of Cambridge Water plc, commented: "At Cambridge Water, we are committed to providing our customers with the bestpossible service at all times. By offering the Qonnectis system we can give ourclients a value added service that is proven to improve efficiency, yieldsignificant cost savings and optimise the use of valuable resources." Michael Tapia, Chief Executive of Qonnectis plc, added: "We are delighted to be able to build on our commercial relationship withCambridge Water, with whom we have been working since early 2004. It is aforward thinking company and their appointment as a reseller will assistQonnectis in marketing its unique, environmentally-friendly system to a wideraudience." 29th March 2005 ENQUIRIES: Qonnectis plc Tel: 020 8893 4766Michael Tapia, Chief Executive Bankside Consultants Tel: 020 7444 4140Michael Padley/Susan Scott Notes to Editors About Cambridge Water Cambridge Water supplies water services to 293,350 customers in southCambridgeshire and value added services nationwide. Cambridge Water is owned byCheung Kong Infrastructure Holdings Ltd ("CKI"), a Hong Kong-basedmulti-national specialising in infrastructure investment. About Qonnectis Qonnectis provides remote data collection technology and analytical services tothe energy, water and environmental industries. Its technology providescommunications and data collection to any remote devices, such as energy metersor temperature sensors, via the Internet. Qonnectis' services enable utilitiesand end users to monitor their networks in real time, 24-hours a day. Althoughthe Company is at an early stage of commercialising its proprietary and patentedtechnology, it has won several important orders. In December 2003, Qonnectissecured its first order for Macao Water, a division of Suez Environment. In 2004Qonnectis received orders from Veolia Vivendi Generale des Eaux, Scottish Waterand the National Health Service. Qonnectis plc, listed on AIM (QTI), offers Internet based energy and waterinformation management systems and services to the utilities markets and largeusers of energy and water within the private and public sector. ENDS This information is provided by RNS The company news service from the London Stock Exchange
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