3 March 2014
Sabien Technology Group plc
("Sabien" or "the Company")
Orders received
Sabien Technology Group plc (AIM: SNT), the manufacturer and supplier of M2G, a boiler energy efficiency technology, is pleased to announce that since the announcement of its interim results on 11 February, it has received orders for £375k.
While the majority of these orders have been received from UK customers, including two local councils, they include initial orders received from Sabien's overseas distribution network in Greece, Iran and Pakistan.
Alan O'Brien, Chief Executive of Sabien, commented:
"I mentioned in my report in the Interim Statement that Sabien was making progress on all its strategic targets so I am particularly pleased that we have received our first orders from our new distribution channels overseas. I believe that, as these channels develop over the next few years, they will provide substantial revenue opportunities for the Company. I am also delighted that we were awarded two tenders by local authorities and we will continue to participate in tenders which match our internal criteria."
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) 207 601 6100
Paul Gillam www.altiumcapital.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.
