RCS - Sabien Technology - M2G supports Empiric on net zero goals

Sabien TechnologyAnnouncement

27/03/2023 07:00

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RNS Number : 2161U  Sabien Technology Group PLC  27 March 2023

27 March 2023

 

Sabien Technology Group plc

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

 

M2G supports Empiric Student Property plc on net zero goals

 

Sabien Technology Group plc (AIM:SNT), the company focused on a green
aggregation strategy, today announces that it has completed an initial project
with Empiric Student Property plc (LSE: ESP), the owner and operator of
premium, studio-led student accommodation across the UK, to help reduce the
energy consumption and monitoring of its property portfolio in line with its
strategy to become net zero by 2033.

 

Sabien's M2G business, Sabien Technology Ltd, which focuses on CO2 mitigation
devices for commercial boilers, has been working with its mutual partner,
Amber Energy Solutions Ltd, over the last six months to install equipment
across eight properties in Empiric's portfolio to reduce CO2 emissions.

 

Empiric Student Property has also adopted Sabien`s M2G cloud connect solution
to support the delivery of energy efficiencies and cost savings across these
properties, as well as the monitoring of longer-term energy use with the
potential for further system optimisation opportunities.

 

Richard Parris, Chairman of Sabien, commented:

 

"Empiric is a valued customer with a highly engaged team.  The Board of
Sabien would like to take this opportunity to thank Empiric for its confidence
in our service as it continues to implement its net-zero strategy. We look
forward to growing our relationship with Empiric, as we do with our other
customers, towards the accomplishment of this vital goal."

 

Donald Grant, Chief Financial & Sustainability Officer at Empiric Student
Property plc, added:

 

"We are pleased to be working with the team at M2G as part of our commitment
to delivering our net zero strategy. Following a promising initial trial,
demonstrating cost savings and efficiencies whilst also reducing emissions, we
are now rolling this out across our wider portfolio of studio-led purpose
built student accommodation."

 

 For Further Information:

 Sabien Technology Group plc                           +44 20 7993 3700

 Richard Parris, Executive Chairman                    Scott.fulton@sabien.com

 Scott Fulton, Investor Relations

 Allenby Capital Limited (Nominated Adviser)

 John Depasquale / Nick Harriss / Vivek Bhardwaj       +44 203 328 5656

 Peterhouse Capital Limited (Broker)

 Duncan Vasey / Lucy Williams                          +44 207 469 0930

  Empiric Student Property plc (via FTI Consulting)

 Dido Laurimore

 Eve Kirmatzis                                         020 3727 1000

                                                       empiric@fticonsulting.com

 

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