07 October 2013
Sabien Technology Group plc
("Sabien" or "the Company")
Public Sector Tender Award
Sabien Technology Group plc (AIM: SNT), the manufacturer and supplier of M2G, a boiler energy efficiency technology, is pleased to announce that it has been awarded a contract by Lincolnshire County Council (LCC) estimated to be worth £2,200,000 for the deployment of Sabien's M2G Boiler Optimisation Technology into LCC's Estate.
It is envisaged that this Boiler Optimisation programme will be completed by September 2017. The tender is a Single Supplier Contract commencing from October 2013.
The first phase includes 70 schools with revenues in this financial year ending 30th June 2014 estimated to exceed £500,000.
LCC has developed an Eco-Schools framework in collaboration with the Carbon Trust to support schools in reducing energy costs and carbon emissions. An integral part of this framework is for LCC to offer to its schools, at no charge, the installation of certain proven technologies. LCC has identified the installation of Boiler Optimisation within its schools estate as a technology that can deliver significant savings both financially and in carbon emission reductions.
Alan O'Brien, Chief Executive Officer of Sabien, said:
"This is a key contract win for Sabien and is an illustration of the success we can achieve in the Public Sector. This is an excellent demonstration of the quality of our M2G boiler control, scale of installation expertise and the project management that Sabien can bring to a contract of this type utilising skills gathered from previous large scale client M2G roll out programmes. We are delighted to be working with Lincolnshire County Council.
Steve Golightly, Senior Sustainability Officer for Lincolnshire County Council said:
"We are delighted to award this contract to Sabien Technology Group and look forward to working together to deliver significant energy savings to the Lincolnshire School's estate. Sabien's experience in successfully delivering large scale rollouts of Boiler Load Optimisation and the quality of their M2G offering were key factors in the contract award."
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.
