Sabien Technology Group PLC
26 June 2007
Sabien Technology Group plc ('Sabien')
Additional Contract Win
Sabien Technology Group plc ('Sabien'), the owner of M2G, an energy saving
software product that is proven to reduce fuel consumption and carbon emissions,
is pleased to announce a further contract win with a leading UK bank worth
£420,000.
In the trading update issued on 1st June, the Board advised that the Company's
main client was scheduling a further roll-out of M2G units over the next 12
months. It is pleased to be able to report that the client has now issued the
Company with an order worth £420,000 as part of this roll-out process. This is
yet again a further endorsement of the unique carbon and money saving qualities
of the M2G unit.
Alan O'Brien, CEO of Sabien said: 'In the earlier phases of the M2G
installations, our client has already seen savings of over 20% on its energy
bills with a reduction of 3,835 tons in CO2 emissions and a payback of 54 weeks.
Our technology is proven to reduce energy consumption allowing businesses to see
that we can clearly deliver on their investment. The endorsement given by our
client's continued purchase of M2G serves to validate our business strategy of
providing a solution that not only delivers on carbon reduction but also on cost
savings for our clients.'
Additionally, the strategic initiative to target multi-site commercial
organisations also referred to on 1st June is progressing well and the Board is
very encouraged by early feedback.
Finally, the Board of Sabien is very pleased with recent progress and looks
forward to the remainder of 2007 with considerable optimism.
For further information, contact:
Gus Orchard
Sabien Technology Group Plc
Tel: 0207 993 3694
Marie Cairney
Gavin Anderson & Company
Tel: 0207 554 1400
mcairney@gavinanderson.co.uk
Notes to editors:
About M2G
M2G is a micro processor based product. A unit can be retro-fitted to a new or
existing boiler in 90 minutes. M2G re-assesses the boiler characteristics each
time it is switched on and takes into account the variation in the performance
of the heating system over time.
The change in boiler performance can be due to a number of factors such as
coating and furring of pipe work and radiators, changes in the use of the
building, or from the thermal output of installed equipment. M2G only adjusts
its performance bases on the daily requirements of the building.
M2G integrates seamlessly with BEMS. All published savings data to date has been
achieved in buildings using BEMS.
Not to be confused with a time delay unit - M2G is an intelligent micro
processor based system measuring temperature loss over time.
Time delay units on the other hand will stop the burner from firing even when
there is a real demand from the building for heat. The timer adds additional
control but not additional intelligence to the system and comfort levels in the
building will be negatively affected.
About Sabien:
Sabien Technology Group plc was admitted to AIM, part of the London Stock
Exchange, in December 2006.
Sabien's clients are public and commercial sector organisations who use gas-and
or oil-fired boilers to heat space and water.
Sabien manufactures and sells M2G, which is both Carbon Trust approved and
qualifies for the Enhanced Capital Allowance scheme. It is proven to cut energy
consumption of boilers that use gas and/or oil to heat water and space by up to
35%, without having any negative impact on performance or reliability. The
typical payback period for M2G is 6 and 24 months.
This information is provided by RNS
The company news service from the London Stock Exchange
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