Corporate Update - Contract win

RNS Number : 4910R

Sabien Technology Group PLC

08 March 2021

 

Sabien Technology Group plc

("Sabien" or "the Company")

Corporate Update - Contract win

Sabien Technology Group plc   (AIM: SNT), a company focussed on building a portfolio of solutions, in the heating, cooling and transportation sectors, that deliver immediate reductions in CO2 emissions, is pleased to announce that its operating subsidiary, Sabien Technology Ltd, has been awarded a further contract by a major UK government department worth approximately £400,000. This is for the extended deployment of Sabien's M2G Boiler Optimisation Technology across multiple sites throughout the UK.  A previous order from this customer was announced on 14 September 2020.

Richard Parris, Executive Chairman of Sabien, said:

"This additional contract award is confirmation of Sabien's ability to deliver large scale M2G roll out projects in the UK Public Sector. We are delighted to be asked to continue to support this government department's CO2 savings programme. This order ensures that Sabien's financial performance in the current financial year will be approximately double that delivered in the prior period. In light of the Covid lockdown this is a significant achievement and a testament to the strength of our technology and dedication of our staff".

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, Executive Chairman	[phone]
Allenby Capital Limited (Nominated Adviser) John Depasquale / Asha Chotai	[phone]
Peterhouse Capital Limited (Broker) Duncan Vasey / Lucy Williams	[phone]

 

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