Sabien Technology Group PLC
24 May 2007
Sabien Technology Group plc welcomes Energy White Paper focus
on energy saving
- Royal Bank of Scotland M2G installations delivers savings in excess of 25% and
CO2 emissions reduction of 3,835 tons -
London, May 24, 2007 - Sabien Technology Group plc ('Sabien'), which
manufactures and sells M2G, a micro processor based product that helps reduce
carbon emissions and fuel consumption of commercial boiler systems, welcomed the
increased support that its M2G technology will receive as a result of the
Government's focus on energy saving as announced in the Energy White Paper
yesterday.
Specifically, the Government has announced it will create the right incentives
for long-term investment by businesses in cost-effective energy efficiency
measures, improve information for businesses and set now the future regulatory
framework that will drive improvements in the energy efficiency of commercial
buildings.
Commenting on the White Paper, Alan O'Brien, CEO of Sabien said,
'While warmly welcoming the broad-ranging and numerous initiatives outlined in
White Paper to encourage energy saving in businesses and in the public sector,
we find the biggest barriers for companies and institutions undertaking energy
efficiency initiatives are the associated project costs and the need for
validation of energy consumption and carbon emissions reduction claims.
'Our technology is proven to reduce energy consumption allowing businesses to
see that we can clearly deliver on their investment. We believe the financial
imperative to save money and deliver value will drive the energy efficiency and
the renewable energy industry as much as the need to address climate change.'
Sabien has demonstrated this value for the Royal Bank of Scotland Group
('RBSG'). In 2004, RBSG installed its first phase of Sabien's M2G technology at
its selected Ulster Bank sites (Ulster Bank is owned by The Royal Bank of
Scotland). After extensive trials, energy savings in excess of 25% were
achieved.
On the successful completion of phase one, the bank commenced a wider rollout of
M2G and The Royal Bank of Scotland Group now has 600 M2G units installed in over
200 of its sites across the UK and Northern Ireland. The most recent M2G units
were installed in May 2007.
Phase one installations showed energy savings in excess of 25%. Installing M2G
demonstrated that significant energy savings could be achieved without any
detrimental effect on ambient room temperatures.
Phase two installations delivered savings in excess of 25%, reducing CO2
emissions by 3,835 tons and delivering a payback of 54 weeks. Phase three
installations are currently being installed.
In April 2007 Graham Jennings, Group Energy Manager at Royal Bank of Scotland
Group, said: 'M2G is a key component in the group's energy efficiency strategy,
and the installation of M2G units throughout our UK fleet of buildings played a
major role in helping the bank deliver on its commitment to reducing its energy
consumption and carbon emissions. Sabien and M2G delivered.'
For further information, contact:
Gavin Anderson & Company
Marie Cairney/Michael Turner
Tel: 0207 554 1400
mcairney@gavinanderson.co.uk
mturner@gavinanderson.co.uk
Notes to editors:
About M2G
M2G is a micro processor based product. A unit can be retro-fitted to a 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 that 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 between 6 and 24 months.
This information is provided by RNS
The company news service from the London Stock Exchange
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