Change of Adviser

RNS Number : 9984L

Sabien Technology Group PLC

17 May 2010

 



Sabien Technology Group PLC

("Sabien" or the "Company")

Change of Adviser

Appointment of Altium as Nominated Adviser and Broker

Sabien, the manufacturer and supplier of M2G, an energy efficiency technology, is pleased to announce that with immediate effect, Altium Capital Limited ("Altium") has been appointed as the Company's Nominated Adviser and Broker.

Altium has significant experience in the energy efficiency sector and the Board believes that the appointment provides the ideal partner for augmenting the Company's growth plans for the future.

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

"The appointment of Altium coincides with an important phase in the development of the Company, particularly with the adoption of the Carbon Reduction Commitment and the prospect of a carbon price floor adding further financial pressure to endorse our energy saving technology. Sabien's growing record of achievement leaves the Company well placed to raise the investor profile."

Adrian Reed, Director at Altium said:

"We are looking forward to working with Sabien who are well positioned in an exciting market sector.  Their unique technology affords them a position of strength in a growing market with demand underpinned not only by a desire to reduce utility costs but also by increasingly demanding regulatory requirements."

Enquiries:

Sabien Technology Group PLC Alan O'Brien, CEO Gus Orchard, CFO	Tel: [phone]
Altium Adrian Reed / Phil Frame, Corporate Finance David Cunningham, Alternative Energy & Cleantech Analyst	Tel: [phone] Tel: [phone]

 

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