Water Intel. Regulatory News (WATR)

14 Jul 2006 07:00

Qonnectis plc14 July 2006 14 July 2006 QONNECTIS PLC TRADING UPDATE The Board of Qonnectis plc ("Qonnectis" or "the Company"), the energy and waterconservation IT service provider, is pleased to announce that the Company hascontinued to make significant progress in its water and energy markets. In relation to the financial year ended 30 June 2006, the Company announces thatsales for the year will be substantially ahead of the corresponding period lastyear. Sales for the second half, which were also ahead of the same period lastyear, were however lower than the first half of the financial year. Althoughorders were higher in the second half, some shipments were delayed and as aresult have been carried forward into the current financial year. The productionissue has been resolved and the level of customer re-orders are continuing toincrease in line with the Board's expectations. The Board is encouraged by the substantial increase in percentage terms in thelevel of sales for the year as a whole compared with the previous year and bythe continuing progress being made in winning new clients in new and existingmarket sectors. In particular, the Board is pleased to announce that is has an agreed roll-outplan with Scottish Water which has commenced in the last two months. The Companyhas trained Scottish Water's field personnel who are now carrying out siteinstallations throughout Scotland to selected commercial and industrial watercustomers as the main component of Scottish Water's "Smart Metering" initiative.Orders in the last three months from this customer alone are significantlygreater than the Company's total turnover in 2004-5. The Board feels that the company now has the momentum and sales team in place totake advantage of the increasing opportunities in the water and energyindustries for its monitoring, leakage and energy efficiency technologies andservices, and is optimistic the sales pipeline will deliver strong growththroughout 2006-7. ENDS For further information, please contact: Qonnectis plcMichael Tapia, Chief Executive 020 8893 4766 Bankside ConsultantsSue Scott / Michael Padley 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 including Scottish Water, Cambridge Water, Aquavitae,Generale des Eaux and Lyonnaise des Eaux as well as large commercial anddomestic users of energy or 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