Further orders received

RNS Number : 5070G

Sabien Technology Group PLC

07 June 2013

 



Sabien Technology Group plc

("Sabien" or "the Company")

Further orders received

Sabien Technology Group plc (AIM: SNT), the manufacturer and supplier of M2G, a boiler energy efficiency technology, is pleased to announce that it has received further orders totalling £211,743 to install Sabien's M2G technology across the MOD South East Regional Prime Contract managed by PriDE, a joint venture between Interserve Defence Ltd and SSE Contracting.

Orders received from this customer to date total £1,226,412; further orders are expected during the current financial year (to 30 June 2013) and before next financial year end (30 June 2014).

As Prime Contractor, PriDE is responsible for estate management and construction services at almost 100 MOD sites throughout the south-east region, encompassing nearly 6,000 buildings and facilities.

It is anticipated that a large part of these orders will be recognised as sales revenue during this financial year. Installation work has already started at a number of sites.

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.westhousesecurities.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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