Contract with Norland

RNS Number : 9552B

Sabien Technology Group PLC

10 April 2013

 



10^th April 2013

Sabien Technology Group plc

("Sabien" or "the Company")

Sabien contract win

Sabien Technology Group plc (AIM: SNT), the manufacturer and supplier of M2G, a boiler energy efficiency technology, is pleased to announce it has been awarded a contract by a leading Facilities Management company, Norland Managed Services Ltd ("Norland"), to install its M2G technology at one of Norland's own customers. The contract value and details remain confidential but the order is for the deployment of M2G at approximately 25 sites and the contract value represents just under 10% of last year's turnover

Alan O'Brien, Chief Executive of Sabien, commented:

"This order from Norland is a further endorsement of our M2G technology reinforcing just how effective M2G is at reducing gas consumption and CO₂ emissions. This sales order will be recognised as sales revenue during this financial year (year end 30 June 2013). "

For further information:

Sabien Technology Group plc

Alan O'Brien, CEO                                            Tel: [phone] 

Gus Orchard, CFO                                            www.sabien-tech.co.uk

Westhouse Securities

Antonio Bossi                                                    Tel: [phone]    

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.

 

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