Service Stream (ASX:SSM) has entered into a new metering field services contract with Active Stream, a wholly-owned subsidiary of AGL Energy (ASX:AGK).
Under the contract, Service Stream’s Energy & Water division will provide Active Stream with a range of installation, commissioning, maintenance, logistics and customer contact centre services.
The contract has an initial term of three years, with the option of two one-year extensions.
Whilst the new agreement does not provide guaranteed volumes, Service Stream estimates aggregate revenue may be in excess of $50 million over the initial term.Service Stream is a provider of essential network services to the telecommunications, energy and water industries.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.
