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.
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