Powel ASA’s subsidiary Powel Energy Management AB has signed contracts for a total of some NOK 4 million with four new Swedish clients.

Powel MDMS (Metered Data Management System) will be supplied to Västerbergslagens Elnät AB, while Powel NetBas will be delivered to Affärsverken Karlskrona AB.

These contracts reinforce Powel’s position in these rapidly growing areas in Sweden.

Powel facts:
Powel ASA is an IT company dedicated to the development and supply of critical decision-support systems to the energy sector. Powel also supplies control and monitoring systems to the energy sector and public-sector infrastructure (water supply and waste water) for secure power and water supplies. The company’s home market comprises all the Nordic countries, and customers include leading energy supply companies such as Vattenfall AB, Energi E2, Norsk Hydro and Statkraft. Powel’s headquarters are in Trondheim and the company has subsidiaries in Norway and Sweden as well as in the USA and Canada. Our client list contains around 1000 public- and private-sector clients all over Europe and the USA. In 2004, Powel had a turnover of NOK 157 million, with EBITDA of MNOK 3.5.

For more information, please contact:
CEO Jon Einar Værnes - Tel: +47 73 80 45 00 (work) Mobile: +47 481 64 555 
CEO Powel Energy Management AB: Leif Henningsson - Tel: +46 36 34 49 14 (work)
Mobile: +46 705 677 583