GTK
07/08/2015 16:20
FORECAST
PRICE SENSITIVE
REL: 1620 HRS Gentrack Group Limited
FORECAST: GTK: New Contract with Australian Utility and Updated Guidance
7 August 2015
GENTRACK SIGNS CONTRACT WITH AUSTRALIAN UTILITY AND UPDATES GUIDANCE
Gentrack Group (NZX/ASX: GTK), a specialist in software for utilities and
airports, is pleased to announce the signing of a substantial contract to
upgrade its Velocity software at an Australian utility. This is for the
implementation of Gentrack's latest billing and CRM solution to support
electricity, gas and water utility products and services, and is expected to
be completed in 2017.
Gentrack Group Chairman John Clifford updated the Board's FY15 guidance,
"Following our announcement on 16 July regarding the signing of a large UK
water deal, this is the second of the contracts we had expected to sign
earlier in the year. We now expect to deliver towards the bottom end of our
guidance range of between NZ$13.0m and NZ$15.5m EBITDA for the year to 30
September 2015, with the outcome dependent on project delivery to year end
and other license transactions under negotiation."
ENDS
Contact
John Clifford - Chairman
James Docking - CEO
+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
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
Operational System engineered to optimise an airport's operations through
intelligent collaboration, streamlining airport information flows and
transforming the passenger experience.
End CA:00268110 For:GTK Type:FORECAST Time:2015-08-07 16:20:17
