28 May 2013
Sabien Technology Group plc
("Sabien" or "the Company")
New orders received
Sabien Technology Group plc (AIM: SNT), the manufacturer and supplier of M2G, a boiler energy efficiency technology, is pleased to announce that it has received orders totalling £1.0m to install Sabien's M2G technology across the MOD South East Regional Prime Contract managed by PriDE, a joint venture between Interserve Defence Ltd and SSE Contracting. Further orders are expected from this customer before the Company's financial year end (30 June 2013).
As Prime Contractor, PriDE is responsible for estate management and construction services at almost 100 MOD sites throughout the south-east region, encompassing nearly 6,000 buildings and facilities.
It is anticipated that a large part of these orders will be recognised as sales revenue during this financial year. Installation work has already started at a number of sites.
Alan O'Brien, Chief Executive of Sabien commented:
"This significant order demonstrates the key role M2G plays in reducing organisations' gas consumption and CO2 emissions and how it can be deployed across large estates. We look forward to working with PriDE to deliver this project"
For further information:
Sabien Technology Group plc
Alan O'Brien, CEO Tel: +44 (0) 20 7993 3700
Gus Orchard, CFO www.sabien-tech.co.uk
Westhouse Securities
Antonio Bossi Tel: +44 (0) 20 7601 6100
Paul Gillam www.westhousesecurities.com
Background:
Sabien Technology is a UK-based company which specialises in providing proven and commercially viable technology to reduce carbon emissions and energy usage for private and public organisations.
The M2G is a patented energy efficient technology designed to reduce fuel consumption in commercial boilers. M2G dynamically responds to changing load demand by measuring, identifying and removing dry cycling thus maximising efficiency under all conditions. M2G is retro-fitted to commercial boilers regardless of age and size and fully integrates and complements existing controls, such as BMS, boiler sequencing, weather compensation and building optimisation controls. Using intelligent software and hardware, the M2G unit improves a boiler's efficiency by reducing energy wastage.
For further information, please visit our website www.sabien-tech.co.uk.
