Powel ASA signs AMR frame agreement with SAMS

Powel has signed a frame agreement with SAMS Nord in Sweden to support its automatic meter reading (AMR) processes. The agreement covers all SAMS Nord customers and has a potential value of 9 Mkr. Powel will support SAMS Nord with a software solution that contributes to the efficient installation and documentation of new meters, and ensures quality of meter data collection. In addition, Powel will support SAMS Nord with the balance settlement process. SAMS Nord has a client base of 250.000 end user customers. Through this contract, which consists of software, services and maintenance, Powel further strengthen its position within the fast growing AMR market.

About Powel
Powel ASA, headquartered in Trondheim, Norway, delivers software solutions and related services designed to help energy companies and public utilities increase operational efficiency. The company is a market leader in Scandinavia, and has established offices in Sweden, the U.S., and Canada. Founded in 1996, Powel ASA is a publicly traded company and has grown from 37 employees to more than 250. Growth opportunities for the company remain extremely strong in both the energy industry and the public sector.

About SAMS and SAMS Nord
SAMS Nord is a cooperation between seven energy companys (Jämtkraft Elnät AB, Berg Tingslags Elektriska AB, Härjeåns Nät AB, Härnösand Elnät AB, Sundsvall Energi Elnät AB, Söderhamn Elnät AB og Umeå Energi Elnät AB) . SAMS Nord is a part of SAMS cooperation, which consist of 30 companies with 1.000.000 end user customers. SAMS is already a client of Powel thru other deliveries and this new contract strengthens Powel’s position within this group.

Powel contact info
President/CEO Jon Einar Værnes (J) +47 73 80 45 00 (M) +47 481 64 555
Business Manager Frode Solem (J) +47 73 80 45 41 (M) +47 481 64 541
CFO Øystein Sæther (J) +47 73 80 45 00 (M) +47 481 64 558