Sabien Technology Group PLC
25 January 2007
SABIEN TECHNOLOGY GROUP PLC
('The Company' or 'Sabien')
Trading Update
January 25th 2007: Following the successful admission of Sabien to trading on
AIM on 20 December 2006, the Board wishes to provide a trading update.
The Company announces that it has recently taken orders from a number of blue
chip clients that wish to utilise Sabien's energy saving technology. These
clients include one of the UK's largest banks, a national mobile
telecommunications company and the world's biggest health care product
manufacturer.
Commenting on these contract wins, Alan O'Brien - Sabien Chief Executive -
noted, 'Interest in Sabien's M2G technology is extremely strong, both from our
existing and prospective clients. The Directors are confident that Sabien is
well positioned to take advantage of the current interest and demand for energy
saving technology and are encouraged by recent press reports concerning the
wishes of major supermarket retailers to achieve real reductions in energy
consumption and Co2 emissions, which play very well to the proven benefits that
M2G technology can offer.'
Further trading updates will be issued when appropriate.
For further information, please contact:
Sabien Technology PLC
Alan O'Brien - Chief Executive Tel: 07917 225 058
Media Enquiries
Gavin Anderson
Ken Cronin / Marie Cairney / Janine Brewis Tel: 020 7554 1400
About M2G
M2G is an energy saving boiler control unit. Case studies have shown that M2G
provides a reduction in energy consumption of between 7 and 35 percent without
loss of performance or reliability of the heat and hot water systems, with a
typical payback period on investment of between 6 and 24 months. The M2G is
Carbon Trust approved and qualifies for the Enhanced Capital Allowance scheme.
This information is provided by RNS
The company news service from the London Stock Exchange
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