February 6, 2015

Energy Assets Appoints Group Sales Director

Richard Atkinson has joined Energy Assets Group plc as Sales Director to drive growth in the industrial and commercial (I&C) sector for the company's innovative multi-utility metering and control systems.

Richard joins Energy Assets, one of the UK's leading independent providers of I&C metering services, as the company rolls-out out its new ‘Multi-Utility + Control' (MU+C) offer, which combines energy data collection and analysis with control technologies. He brings considerable industry experience and expertise to the Group, having held a number of senior sales positions within companies in the energy supply and utility infrastructure sectors.

Richard commented: "Advanced metering technologies and automated meter reading systems have transformed the ability of energy and facilities managers to collect and analyse data linked to the consumption of gas, electricity and water, but the question now is how to use that data to deliver reduced cost and lower carbon output.

"The portfolio of technologies developed by Energy Assets gives end-users of every size - from chip shops to town halls and multi-site retailers - the ability to take and analyse data and then directly control energy usage through a browser-based interface. This framework is integral to the Energy Assets vision of service excellence and it has the potential to transform the way businesses and public bodies think about energy efficiency."

Philip Bellamy-Lee, Chief Executive Officer of Energy Assets Group plc, commented: "Richard brings significant industry experience to this new role and his expertise will be key in expanding our metering and infrastructure market share as we continue to develop and roll-out innovative multi-utility services that create tangible value for our customers."

Energy Assets' owned and managed meter portfolio currently stands at 345,000* assets, which includes about 150,000 assets brought on board by the acquisition of Bglobal Metering earlier this year. The company also recently acquired Origin Technical Business Services, a developer of mobile works management systems.

Among the latest contract successes is agreement to install advanced meters for around 50% of British Gas Business's I&C customers across the UK. In addition, Bglobal Metering has signed a contract extension with npower to provide data collection and aggregation services covering an additional 60,000 industrial and commercial meter and data points.

*As at December 31, 2014

Ends

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About Energy Assets

Energy Assets provides metering and related services in the I&C segment of the UK utility market and is the largest independent provider of I&C gas metering services in the UK. The Group offers utility suppliers and end-user consumers of energy a broad spectrum of metering services from the provision and management of new and replacement meters through its MAM Services division to the procurement and project management of related infrastructure works, the collection and provision of consumption data through the Group's Siteworks and AMR divisions, and the control of electrical loads through its Z-LYNK system.

Energy Assets is listed on the Main Market of the London Stock Exchange