RCS - Sabien Technology - Sales Channel Partnership

Sabien TechnologyAnnouncement

19/08/2022 07:00

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RNS Number : 5400W  Sabien Technology Group PLC  19 August 2022

19 August 2022

 

Sabien Technology Group plc

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

Sales Channel Partnership and Expansion in Domestic Heating Market

Sabien Technology Group plc (AIM:SNT), the company focused on a green
aggregation strategy, announces that it is working closely with City Energy(1)
 and EDF Plc to obtain SAP(2) approval for its M2G Cloud gas reduction
technology.

SAP approval will expand Sabien's reach for the M2G product line into the
residential/domestic market via district heating schemes and increases it
current addressable market by 3 times. The savings delivered through Sabien's
unique technology; instantly addresses the energy crisis the UK is currently
experiencing. Reducing fossil fuel use at point of consumption and reducing
overall cost to the consumer on their bill.

To enable the roll-out of M2G solutions into this larger domestic market,
Sabien`s experienced engineering team will be further enhanced by City
Energy`s fleet of engineers to deliver the energy saving installations at
pace.

It is noteworthy that Sabien installed the first residential M2G Cloud
solution through a contract with a Government Department on 16 August 2022
and its second on the following day.

Separately, as a demonstration of the benefit of the Sabien system, on 11 July
2022, its real time reporting system showed an average 17% daily savings in
gas consumption and CO(2) emissions, across a mixed customer base of 109 newly
installed cloud enabled M2G installations.  Even during the summer period,
this is financially significant for our customers at a time of increasing gas
prices. Customers receiving installations over the summer are well placed to
benefit from even greater savings during the coming winter months.

Commenting on this news, Richard Parris, Chairman of Sabien, stated:

"This partnership with City Energy and, through them, with EDF will
significantly increase Sabien's firepower to sell more M2G units into more
markets. While further work is required to complete SAP certification and the
supply of silicon chips remains challenging, I am confident this announcement
represents a step-change in Sabien's go-to-market firepower. This bodes well
for future sales, especially as the demonstrated average immediate saving of
17% gas heating bills is nationally significant to businesses and consumers
alike."

Editor's Notes:

1) City Energy - City Energy Network Ltd is part of the same group as one of
the Company's substantial shareholders, Diversity Network Investments Limited.

 

2) SAP - The Standard Assessment Procedure is the UK Government's National
Calculation Methodology for assessing the energy performance of dwellings

 

 For Further Information:                               +44 20 7993 3700

 Sabien Technology Group plc

 Richard Parris, Executive Chairman

 Allenby Capital Limited (Nominated Adviser)

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

 Peterhouse Capital Limited (Broker)                   +44 207 469 0930

 Duncan Vasey / Lucy Williams

 

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