1 March 2016 – launch of Flow Home
The company has announced the launch of Flow Home, a range of connected home devices. This is made up of 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. Customers benefit from savings on energy, extra comfort and control. Flow Energy, Flowgroup’s domestic supply business, will initially offer Flow Home products to its existing energy customer base. It will then offer the Flow Home range to non-customers. The products will be available to buy outright or customers can pay over 12, 24 or 36 months. The company appears to be better positioned than the current share price suggests and although risks remain we continue to rate the shares as a HOLD.