Smart Metering Systems signs Dong Energy deal

Gas meter specialist Smart Metering Systems (SMS) yesterday unveiled a contract with Dong Energy to supply gas meters to its industrial and commercial (I&C) customers.

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.