The chart for SVR looks to be confirming a good rising trend and now further news for today of a 350K Contract Award!
Not a massive deal but with a very promising endorsement of confidence from HSB. Perhaps this will also give MM's & investors the confidence to expect the pilot projects of other potential customers of SVR to also sign contracts. Hope to see the rising trend to continue.
SERVICEPOWER TECHNOLOGIES PLC
('SERVICEPOWER' OR THE 'COMPANY')
Contract Award
ServicePower, the recognised market leader in artificial intelligence based,
field service scheduling solutions and computer services, today announced it
has signed contracts with The Hartford Steam Boiler Inspection and Insurance
Company, (HSB), a subsidiary of the AIG insurance group, to provide the SERVICE
Power scheduling solution.
This enterprise-wide contract will schedule the work of 350 inspectors across
the U.S. who provide insurance certificates for equipment such as industrial
boilers, pressure vessels and other equipment, and various property services.
The solution includes a complex mix of appointment offering and same day
change.
The contract is worth more than 350,000 and is significant in that it is
ServicePower's second major contract in the insurance sector. It is also
another example of how successful ServicePower is at turning initial pilot
projects into enterprise license deals. The original deal to run a pilot
project with HSB was signed in October 2003.
'I am very pleased to be awarded this contract, as quite rightly in this
economic climate, HSB is exceedingly cautious about the adoption of any new
technology. We have successfully passed a number of tests assessing our
product's performance, security and stability prior to contract award and are
pleased to have the approval of a company with the stature of HSB,' commented
David Brisco, CEO of ServicePower.
Note: ServicePower refers to the company and SERVICEPower refers to the
product.
5th January 2005
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Contacts:
David Brisco, Chief Executive Officer Tel: 0161 476 2277
Barry Welck, Non-executive Chairman Tel: 07831 396539
ServicePower Technologies PLC
Michael Brennan Tel: 020 7071 4300
Evolution Securities Limited