Water Intel. Regulatory News (WATR)

11 Oct 2006 10:02

Qonnectis plc11 October 2006 For Immediate Release 11th October 2006 Qonnectis plc Re: New Contract Qonnectis plc ("Qonnectis" or "the Company"), the energy and water conservationIT services provider, announces that it has been awarded a project by a newutility customer to develop an innovative product incorporating some of itsexisting intellectual property. The value of the order is £52,000, which will bereflected in the financial statements of the Company for the current financialyear. For further information, please contact: Qonnectis plcMichael Tapia, Chief Executive 020 8893 4766 Bankside ConsultantsSue Scott/Michael Padley 020 7367 8888 Notes to Editors 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 including Scottish Water, Cambridge Water, Aquavitae,Generale des Eaux and Lyonnaise des Eaux as well as large commercial anddomestic users of energy or water. Qonnectis' revenue for the six months ended31 December 2005 amounted to £66,893 (unaudited) (year ended 30 June 2005:£60,007). Qonnectis' main iStaq family of products work by sending meter readings toQonnectis' secure data centre via SMS text messaging over the GSM network. Thedata is then aggregated and published online via utility-branded "myMeter"websites operated by Qonnectis. The data can also be sent directly to utilities'billing systems. Customers can access real-time information via a web browserusing the "myMeter" service. For more information, please visitwww.qonnectis.com. ENDS This information is provided by RNS The company news service from the London Stock Exchange