REG - Sabien Technology - Contract Win

Sabien TechnologyAnnouncement

25/03/2022 07:16

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RNS Number : 0345G  Sabien Technology Group PLC  25 March 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION
11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

25 March 2022

 

Sabien Technology Group plc

("Sabien" or the "Company")

 

Corporate Update - Contract win

 

Sabien Technology Group plc (AIM: SNT), a company focussed on building a
portfolio of solutions, in the heating, cooling and transportation sectors,
that deliver immediate reductions in CO2 emissions, is pleased to announce
that its operating subsidiary, Sabien Technology Ltd, has been awarded a
further contract by a UK government department for a value
of approximately £264,000. This is for the extended deployment of Sabien's
M2G Boiler Optimisation Technology across multiple sites throughout the UK in
support of a major project.

 

A previous order from this customer was announced on 8 March 2021 for a
separate project. This is the first volume order for more than 100 M2G Cloud
Connected devices and vindicates the Company's product management decision to
Cloud enable all our solutions. At times of rapidly increasing gas prices
Sabien Cloud delivers significant, visible, and measurable savings.

 

Richard Parris, Executive Chairman of Sabien, said:

 

"This contract award is further confirmation of Sabien's ability to deliver
large scale M2G roll out projects in the UK Public Sector using our new
Cloud Connected devices. Using the intuitive M2G Cloud dashboard, customers
and their facilities management partners can take back control of efficiency
by monitoring the performance of any boiler in any boiler room from any
location. This saves outage disruptions, gas consumed and CO2 emissions."

 

Further Information:

 Sabien Technology Group plc                       +44 20 7993 3700

 Richard Parris, Executive Chairman

 Allenby Capital Limited (Nominated Adviser)       +44 20 3328 5656

 John Depasquale / Nick Harriss / Vivek Bhardwaj

 Peterhouse Capital Limited (Broker)               +44 20 7469 0930

 Duncan Vasey / Lucy Williams

 

The person who arranged for the release of this announcement on behalf of the
Company was Richard Parris, Executive Chairman.

 

A copy of this announcement will be available from the Company's website at
www.sabien.com (http://www.sabien.com)

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