Award of Contract

RNS Number : 1211O

Sabien Technology Group PLC

24 June 2010

 



24^th June 2010

Sabien Technology Group plc

("Sabien" or "the Company")

Sabien Awarded Greenwich Borough Council Contract

Sabien Technology Group plc (AIM: SNT), the manufacturer and supplier of M2G, an energy efficiency technology, is pleased to announce it has been awarded a contract for Greenwich Borough Council worth £256,360.

The order is to install M2G in 45 buildings which will include primary schools, secondary schools, council offices and town halls and was won following a published tender for boiler load optimisation. The order has been formally awarded to Sabien by the Greenwich Borough Council, subject to a normal seven day standstill period, after which the formal purchase order will be submitted.

Greenwich Borough Council is one of the founding ten local authorities to sign up to the 10:10 campaign which means that they are aiming to reduce their own emissions by 10% by the end of 2010.

Alan O'Brien, Chief Executive Officer for Sabien said:

"The Greenwich Borough Council is a key client for Sabien, and I am delighted to be supporting their commitment to meet the challenge of delivering on the 10:10 campaign carbon reduction targets. This is the first significant order Sabien has received from a local authority and provides a good indication of the future value our existing relationships with local authorities can deliver."

For further information:

Sabien Technology Group plc Alan O'Brien, CEO Gus Orchard, CFO	Tel: [phone] www.sabien-tech.co.uk
Altium Adrian Reed                                                    Phil Frame	Tel: [phone] www.altiumcapital.com

 

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