Corporate Update - Contract win

RNS Number : 9402Y

Sabien Technology Group PLC

14 September 2020

 

For immediate release

14 September 2020

Sabien Technology Group plc

("Sabien" or "the Company")

Corporate Update - 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 major government department worth £185,000 for the deployment of Sabien's M2G Boiler Optimisation Technology across parts of its Estate.  The order is a continuation of the contract announced on 2 April 2019 and further order announced in the interim results on 20 March 2020.

Richard Parris, Executive Chairman of Sabien, said:

"This repeat contract award is confirmation of Sabien's ability to deliver large scale M2G roll out projects in the Public Sector during the COVID-19 pandemic. We are delighted to be asked to continue to support the department's energy saving programme."

Since the trading update released on 6 July 2020, the Company has received orders of over £240,000, for the financial year ending June 2021 .

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR"). The person who arranged for the release of this announcement on behalf of the Company was Richard Parris, Executive Chairman.

For further information:

Sabien Technology Group plc Richard Parris	[phone]
Allenby Capital Limited (Nominated Advisor) John Depasquale / Asha Chotai	[phone]
Peterhouse Capital Limited (Broker) Duncan Vasey / Lucy Williams	[phone]

A copy of this announcement will be available from the Company's website at  www.sabien-tech.co.uk

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