Powel ASA, with headquarter in Trondheim, Norway, supplies software and services aimed at helping energy companies and the public sector to become more efficient. The company is already market leader in Scandinavia, and has set up offices in Sweden, the USA and Canada. Since it was founded in 1996, the company has grown from an initial 37 employees to 250. Market prospects for Powel are extremely good in both the energy industry and the public sector.
Powel has signed contracts regarding delivery of Meter Data Management Systems to Lyse Energi in Norway, and Telenor Sinclus (subcontractor to project against E.on in Sweden).

Through these deliveries, which consist of software, services and maintenance, Powel further strengthen its position within the fast growing market for Automatic Meter Management (AMM).

For further information, please contact
CEO Jon Einar Værnes (work)+47 73 80 45 00 (cell) +47 481 64 555
Business Manager Frode Solem (work)+47 73 80 45 00 (cell) +47 481 64 541
CFO Øystein Sæther (work)+47 73804500 (cell) +47 481 64 558