Smart Metering Systems signs Dong Energy deal
Dong Energy, which was formerly Shell’s Gas Direct business, will exchange its customers’ old meters for SMS’s devices and will also use the Glasgow-based company’s automated reading system, called ADM.
Alan Foy, chief executive of SMS, said: “The signing of this contract is another step towards our aim of becoming market leader in the independent ownership of I&C meters and establishing the ADM as the industry standard smart metering solution for I&C clients.”
SMS floated on the Alternative Investment Market in July 2011 and has seen its share price more than triple in value.