Utilitywise plc Partnership with Business Stream
December 13 2016 - 2:00AM
RNS Non-Regulatory
TIDMUTW
Utilitywise plc
13 December 2016
13 December 2016
Utilitywise plc
("Utilitywise" or "the Group")
Partnership with Business Stream
Utilitywise plc (AIM:UTW), a leading independent utility cost
management consultancy, is pleased to announce that it has
partnered with Business Stream, the UK's third largest non-domestic
water supplier.
Under the terms of the partnership, Utilitywise will offer gas
and electricity procurement services and technology to Business
Stream's customer base through a joint marketing programme,
initially in Scotland and additionally in England when Business
Stream's acquisition of Southern Water's non-domestic business
takes effect in April 2017. Business Stream and Southern Water
currently serve approximately 90,000 and 100,000 customers
respectively.
The partnership is part of the Group's wider strategy to
capitalise on the customer engagement and revenue opportunities
presented by the deregulation of the English commercial water
market in April 2017.
Brendan Flattery, CEO of Utilitywise, said:
"We are delighted to be partnering Business Stream to provide a
one-stop utility solution to their customers across Scotland. With
over 30,000 customers across the UK, Utilitywise brings significant
expertise in helping businesses to get better value from their
utility suppliers. This partnership will provide Business Stream
customers with access to competitive energy prices as well as
cutting edge technologies and services to help them reduce utility
consumption and save even more money on their electricity, gas and
water bills."
Jo Dow, Chief Executive of Business Stream, said:
"This is an innovative, triple utility offer designed to appeal
to SME customers, enabling them to save time, money and effort.
This new partnership makes it easier for customers to buy all their
essential utilities in one place and to manage their accounts
online at a time and place which suits them."
For further information, please contact:
Utilitywise plc 0330 303 0233
Geoff Thompson (Executive Chairman)
Brendan Flattery (Chief Executive
Officer)
Jon Kempster (Chief Financial Officer)
finnCap (NOMAD and broker) 020 7220 0500
Matt Goode/Grant Bergman (Corporate
Finance)
Simon Johnson (Corporate Broking)
Liberum (Joint broker) 020 3100 2000
Robert Morton/ Steve Pearce
Redleaf Communications 020 7382 4730
Rebecca Sanders-Hewett/David Ison/Susie
Hudson
About Utilitywise
Utilitywise is a leading independent utility cost management and
services consultancy based in Newcastle. The Group has established
trading relationships with a number of major UK and European energy
suppliers and provides services to its customers designed to assist
them in achieving better value out of their energy contracts,
reduced energy consumption and lower carbon footprint.
This information is provided by RNS
The company news service from the London Stock Exchange
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