Fireye Distributorship Agreement

RNS Number : 8303A

Sabien Technology Group PLC

26 March 2013

 



26 March 2013

Sabien Technology Group plc

("Sabien Technology")

Sabien Technology secures overseas distribution agreement with Fireye, Inc.

Sabien Technology (AIM:SNT), the manufacturer and supplier of M2G, boiler energy efficiency technology, is pleased to announce that the Group has today signed a non-exclusive distribution agreement with Fireye, a leading manufacturer of flame safeguard controls and burner management systems for commercial and industrial applications throughout the world based in New Hampshire, U.S., for the supply of its UL-approved M2G boiler optimisation controller.

The territories covered by the agreement include the U.S., the European Union, Switzerland, China, Japan and South Africa.

The M2G product will feature the Fireye logo and will be promoted through Fireye's network of distribution partners and sales teams in the territories covered by the agreement.   

Fireye maintains 20 offices worldwide providing a quick and responsive service to its client base worldwide.

Alan O'Brien, CEO of Sabien Technology commented:

"We are extremely pleased to add a group the calibre of Fireye to our overseas distributor network. The agreement creates an excellent opportunity for Sabien to access major overseas markets. Fireye is a respected market leader in combustion controls with strong technical and distribution capabilities. M2G is a natural fit with their existing portfolio, providing flame safeguard controls and burner management systems for commercial and industrial applications throughout the world.

John Devine, vice president, sales and marketing, combustion controls group, Fireye, commented:

"We are pleased to have the opportunity to add the M2G product to our line of combustion efficiency products and look forward to a successful introduction of the product in a number of key markets."

For further information:

Sabien Technology Group plc

Alan O'Brien, CEO                                                   Tel: [phone]

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

Westhouse Securities                                              Tel: [phone]

Antonio Bossi

Paul Gillam

 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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