Press release from Marketwire
CGI signs 8 year £75m deal with Smart DCC Limited for GB Smart Metering Implementation Programme
Wednesday, September 25, 2013
CGI signs 8 year £75m deal with Smart DCC Limited for GB Smart Metering Implementation Programme07:30 EDT Wednesday, September 25, 2013
LONDON, UNITED KINGDOM--(Marketwired - Sept. 25, 2013) - CGI (NYSE:GIB)(TSX:GIB.A) today announced the signing of a £75 million contract with Smart DCC Limited to become the Data Service Provider for the Data Communications Company (DCC). The eight year agreement will see CGI develop and operate the solution that will link gas and electricity meters with the business systems of utility companies needed to deliver the £18.8 billon of consumer, economic and environmental gross benefits of smart metering.
CGI will design, build, implement, host, run and support the delivery of DCC Data Services at the heart of Britain's Smart Metering Implementation Programme. The services provided by CGI will support the 53 million smart meters that will be deployed in people's homes and small business between 2015 and 2020. The secure service will enable utilities to access information on energy usage to provide accurate bills, provide their consumers with the tariffs that best suit their lifestyles and enable their customers to better understand their energy use patterns. The solution will be scalable and flexible to enable the DCC to respond to Britain's evolving energy needs.
"The confirmation of the DCC and its service providers is a major milestone, and we are delighted to be at the heart of the GB Smart Metering Programme, which is vital to our country's energy security, affordability and carbon reduction plans", said Tara McGeehan, UK Director of the Utilities sector at CGI. "CGI's team is already working collaboratively with the wide range of stakeholders in GB's Smart Meter Implementation Programme to ensure we deliver a reliable, secure data service that will help enable a smart energy future for Britain."
This contract builds on CGI's experience of delivering smart metering data services based on its Instant Energy solution to eight utilities operating in the British market and over 30 years of working with the utilities sector, including building and running ten of the sixteen central energy market solutions currently in operation around the globe.
The service will be delivered by CGI which will provide support to the DCC from its shared services centres in South Wales including its award winning 5 star service desk*.
* 5-star certification by the Service Desk Institute (SDI) for CGI's UK service desk.
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 69,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific, leveraging a comprehensive portfolio of services including high-end business and IT consulting, systems integration, application development and maintenance, infrastructure management as well as a wide range of proprietary solutions. With annualized revenue in excess of C$10 billion and an order backlog exceeding C$18 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB).Website: www.cgi.com.
All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements" within the meaning of that term in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and are "forward-looking information" within the meaning of Canadian securities laws. These statements and this information represent CGI's intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, of which many are beyond the control of the Company. These factors could cause actual results to differ materially from such forward-looking statements or forward-looking information. These factors include but are not restricted to: the timing and size of new contracts; acquisitions and other corporate developments; the ability to attract and retain qualified members; market competition in the rapidly evolving IT industry; general economic and business conditions; foreign exchange and other risks identified in the press release, in CGI's annual and quarterly Management's Discussion and Analysis ("MD&A"), in CGI's Annual Report, in CGI's Annual Report on Form 40-F filed with the U.S. Securities and Exchange Commission (filed on EDGAR at www.sec.gov), and in the Company's Annual Information Form filed with the Canadian securities authorities (filed on SEDAR at www.sedar.com), as well as assumptions regarding the foregoing. The words "believe," "estimate," "expect," "intend," "anticipate," "foresee," "plan," and similar expressions and variations thereof, identify certain of such forward-looking statements or forward-looking information, which speak only as of the date on which they are made. In particular, statements relating to future performance are forward-looking statements and forward-looking information. CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements or on this forward-looking information.
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