New M2G Cloud Connection System Order

Sabien Technology Group PLC

11 November 2024

 

11 November 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

Sabien Technology Group plc

("Sabien", the "Company" or the "Group")

New M2G Cloud Connection System Order

Sabien Technology Group plc (AIM: SNT), a leading provider of energy reduction technologies, is pleased to announce a new order for its gas-saving, CO2-reducing M2G Cloud-Connect System from a major international transport company for part of its significant London property estate (the "Contract").

The Contract, covering an initial 24 existing gas boilers, was originated through Sabien's CBRE channel partnership, and demonstrates sales momentum following Sabien's announcement on 27 September 2024, which detailed that we had won a CBRE "Driving Innovation" Award.

The Contract is anticipated to generate revenues of approximately £0.1 million within the current financial year. It is also expected that, subject to performance, this customer will place additional orders totalling similar revenue in subsequent periods to complete their London area estate. However, there can be no certainty as to value, terms or timings of any such new orders.

Richard Parris, Executive Chairman of Sabien Technology, added:

"Sabien M2G Cloud-Connect System technology can save our customers between 10% to 30% on their CO₂ emissions and energy bills from gas boilers used for space heating industrial and office facilities. In common with many companies in its sector, this customer has a mission critical focus on sustainability, carbon offsets and net-zero transition. Their investment in Sabien M2G Cloud-Connect System in support of this commitment validates the market applicability of our M2G technology. In addition, it demonstrates the value of the CBRE partnership and the continuing transition of Sabien's sales strategy to a channel-based model."

Sabien is also proud to hold the Green Economy Mark from the London Stock Exchange, recognising companies generating over 50% of their revenues from sustainable products and services. This award further solidifies Sabien's position as a leader in environmental stewardship, aligning with CBRE's commitment to responsible business practices and innovation.

CBRE, the world's largest real estate services and investment firm, operates in over 100 countries and has consistently featured on Fortune's "World's Most Admired Companies" list. In 2023, CBRE reported revenues of $30.8 billion.

For Further Information: Sabien Technology Group plc Richard Parris, Executive Chairman	[phone] [e-mail]  www.sabien.com
Allenby Capital Limited (Nominated Adviser) John Depasquale / Nick Harriss / Vivek Bhardwaj	[phone]
Peterhouse Capital Limited (Broker) Duncan Vasey / Lucy Williams	[phone]

About Sabien Technology Group plc

Sabien Technology Group plc provides energy reduction solutions designed to help businesses achieve their sustainability goals, with a particular focus on reducing energy consumption and carbon emissions.

The Sabien Technology Group plc holds the Green Economy Mark from the London Stock Exchange, recognising companies generating over 50% of their revenues from sustainable products and services.

About M2G Cloud Connect Solution

Sabien's M2G Cloud Connect solution, which underpinned this order, provides real-time, visible energy and CO2 savings, and analytics. By continuously monitoring plant operations, M2G Cloud Connect captures and processes data, offering actionable insights via an intuitive smart dashboard. This technology not only delivers immediate energy savings but also offers clear guidance on optimising plant performance and efficiency.

 

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