Smart Metering Systems (AIM:SMS) – all businesses performing well
The highly regarded integrated metering services company that connects, owns, operates and maintains current generation and new advanced metering assets and databases has announced a positive update on trading in the year ended 31 December 2014.
The Group has continued to experience a strong performance across all segments of the business and, in particular, has seen growth in the installation of industrial and commercial meters together with increased adoption of its ADM™ device (Smart meter) and has also established a new Electricity division. The recently acquired Utility Partners Limited (“UPL”), an electricity metering business that provides connections, meters, data and energy services appears to be doing very nicely and is now the business’ new electricity division. SMS also secured contract extensions or additions from a number of major customers, including a significant new contract with British…