GTK
16/07/2015 08:39
GENERAL
PRICE SENSITIVE
REL: 0839 HRS Gentrack Group Limited
GENERAL: GTK: Gentrack Secures Contract with a Large UK Water Company
16 July 2015
GENTRACK SECURES CONTRACT WITH A LARGE UK WATER COMPANY
Gentrack Group (NZX/ASX: GTK), a specialist in software for utilities and
airports, is pleased to announce the signing of a substantial contract with a
large water utility in the UK to implement its Velocity Billing and CRM
software.
Gentrack Group Chairman John Clifford reaffirmed the Board's FY15 guidance
provided in May. "This contract is one of the two deals mentioned in our half
year guidance which we had expected to secure earlier in the year. We
continue to make progress towards signing the other contract with an energy
utility in Australia. We are not yet in a position to refine our profit
guidance of EBITDA between NZD$13.0m and NZD$15.5m for the year to 30
September 2015, which is dependent on signing the remaining contract and
other license transactions under negotiation."
Gentrack's latest R&D includes a strong focus on delivering new software
capabilities to support water retailers in the UK where over 1.2 million
businesses will soon have the ability to choose their water retailer. The
above implementation project is expected to be completed in early 2017.
END
Contact
Jon Kershaw - Company Secretary
+64 9 966 6090
About Gentrack
Auckland-based Gentrack is a developer of specialist software for energy
utilities, water companies and airports around the world. It employs 200
people in offices in Auckland, Melbourne, Brisbane and London and services
over utility and airport sites across four continents.
Gentrack is comprised of two leading software products - Gentrack Velocity
and Airport 20/20. Gentrack Velocity is a specialist billing and CRM product
designed for Energy utilities and Water companies in competitive and
regulated utilities markets. Airport 20/20 is a comprehensive Airport
Management System engineered to optimise an airport's operations through
streamlining airport information flows and transforming the passenger
experience.
End CA:00267062 For:GTK Type:GENERAL Time:2015-07-16 08:39:59
