(MENAFN- ProactiveInvestors)Utilitywise PLC (LON:UTW) has been named a partner by the computing giant Dell. The relationship could ultimately enable the Aim-listed firm introduce intelligent devices that help a wider range of customers save money on their utility bills. Utilitywise already has a cloud-based control and monitoring system called BeMS that helps larger customers control the amount of electricity water and gas they use. Earlier this year the company announced it had acquired T-mac a data logging platform which allowed the integration of consumer data onto the group's energy control platform. The tie-up with Dell could see the northeast-based company provide a wider array of solutions that would apply to a larger group of potential customers including smaller firms. The pair are entering together the world of the Internet of things (IoT). Wireless technology has evolved so much that household appliances are now able to talk to each other and a central computer. Utilitywise and Dell are exploring methods of introducing building automation solutions which would give 'a more granular level of control over energy-consuming assets'. So heating ventilation and air conditioning security refrigeration and lighting could be operated together from a central location to cut electricity gas and water bills. "These are exciting times and we are also exploring a number of new services that could be facilitated by the Internet of things for example opening up demand-side reduction capability to more businesses' said Utilitywise chief operating officer Brin Sheridan. "Our strategic relationship with Dell puts us at the centre of emerging IoT developments which will ensure that our customers are amongst the first to benefit from enhanced energy management solutions that save them money and reduce their carbon footprint." Chief executive Geoff Thompson said: "The acquisition has allowed us to expand the potential market by deploying Dell hardware into much smaller businesses giving them the same capabilities the larger ones we work with but using Dell software and our hardware and we're very pleased we've established a formal partnership with them." The group maintains its forecast from February in-line with market expectations. For end of year (July) Liberum forecasts revenue growth of 29% and adjusted profit (EBITDA) growth of 18%. "The partnership announced today highlights that management has built a leading market position with a business model positioned for further significant growth and improving quality of earnings" added the broker. Elsewhere finnCap remained cautious: "While this is potentially disruptive technology the timing and quantum of financial returns are at this stage uncertain and as a result our forecasts remain unchanged for now following the statement." Shares were up 11.75% to 172.75p. --ADD BROKER COMMENT CEO COMMENT SHARE PRICE--
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.