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.

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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.