Flowgroup plc Launch of new connected home product range
March 01 2016 - 1:02AM
RNS Non-Regulatory
TIDMFLOW
Flowgroup plc
01 March 2016
Flowgroup plc
("Flowgroup" or the "Company")
Launch of new connected home product range
Flowgroup plc (AIM: FLOW), which provides innovative energy
technologies, energy supply and energy services, announces that it
has launched a range of connected home devices, Flow Home.
Flow Home comprises a range of devices including a smart
thermostat, smart plugs and an energy consumption monitor. The
devices are controlled and monitored through a smart phone app or
an online panel and offer customers extra comfort and control as
well as savings on energy.
Flowgroup's connected home product suite is provided by
Fifthplay, a Belgian connected home specialist which is part of
Niko Group. Fifthplay's existing product range provides a readymade
solution to enter the connected home market and is already
successfully deployed through some large European Utility
providers.
Flowgroup also has access to Fifthplay's significant technical
development capability, which may allow the Company to develop new
connected home products in partnership with Fifthplay.
Flow Energy, the Company's domestic supply business, will
initially offer Flow Home products to its existing energy customer
base. Flow Energy will then offer the Flow Home range to non-Flow
customers. The products will be available to buy outright or
customers can pay over a 12, 24 or 36 month period.
Flow Home opens a new revenue stream for the Company. It also
has the potential to increase the loyalty of its energy customers
by providing an additional value-added service.
More information about Flow Home will be available later today
on www.flowenergy.uk.com
Andrew Beasley, Managing Director of Flow Energy, commented:
"Energy customers are now looking for more from their energy
supplier. We already provide some of the lowest prices on the
market and fantastic service, as evidenced by Flow Energy recently
being awarded Recommended Provider status for energy by Which?, the
consumer champion. We now have over 150,000 customer fuel accounts
and believe that adding a range of connected home products to our
offer means that there is now another reason for customers to
switch to, and stay with, Flow. We believe the future of energy
supply is a broader offer combining home energy with energy-related
products and services, and this announcement is positive news for
our business."
Flowgroup plc www.flowgroup.uk.com
Andrew Beasley, Managing Director, Flow Energy Tel: +44 (0)151 348 2100
Walbrook PR Ltd Tel: +44 (0)20 7933 8780 or flowgroup@walbrookpr.com
Paul McManus (Media Relations) Mob: 07980 541 893
This information is provided by RNS
The company news service from the London Stock Exchange
END
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