REG - Sabien Technology - New M2G Cloud Connection System Order

Sabien TechnologyAnnouncement

11/11/2024 07:00

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RNS Number : 6064L  Sabien Technology Group PLC  11 November 2024

11 November 2024

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

Sabien Technology Group plc

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

 

New M2G Cloud Connection System Order

Sabien Technology Group plc (AIM: SNT), a leading provider of energy reduction
technologies, is pleased to announce a new order for its gas-saving,
CO2-reducing M2G Cloud-Connect System from a major international transport
company for part of its significant London property estate (the "Contract").

 

The Contract, covering an initial 24 existing gas boilers, was originated
through Sabien's CBRE channel partnership, and demonstrates sales momentum
following Sabien's announcement on 27 September 2024, which detailed that we
had won a CBRE "Driving Innovation" Award.

 

The Contract is anticipated to generate revenues of approximately £0.1
million within the current financial year. It is also expected that, subject
to performance, this customer will place additional orders totalling similar
revenue in subsequent periods to complete their London area estate. However,
there can be no certainty as to value, terms or timings of any such new
orders.

 

Richard Parris, Executive Chairman of Sabien Technology, added:

 

"Sabien M2G Cloud-Connect System technology can save our customers between 10%
to 30% on their CO(2) emissions and energy bills from gas boilers used for
space heating industrial and office facilities. In common with many companies
in its sector, this customer has a mission critical focus on sustainability,
carbon offsets and net-zero transition. Their investment in Sabien M2G
Cloud-Connect System in support of this commitment validates the market
applicability of our M2G technology. In addition, it demonstrates the value of
the CBRE partnership and the continuing transition of Sabien's sales strategy
to a channel-based model."

 

Sabien is also proud to hold the Green Economy Mark from the London Stock
Exchange, recognising companies generating over 50% of their revenues from
sustainable products and services. This award further solidifies Sabien's
position as a leader in environmental stewardship, aligning with CBRE's
commitment to responsible business practices and innovation.

 

CBRE, the world's largest real estate services and investment firm, operates
in over 100 countries and has consistently featured on Fortune's "World's Most
Admired Companies" list. In 2023, CBRE reported revenues of $30.8 billion.

 

 

 

 

 

 

 For Further Information:

 Sabien Technology Group plc                           +44 20 7993 3700

 Richard Parris, Executive Chairman                    investors@sabien.com

                                                       www.sabien.com (http://www.sabien.com/)
 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

 

About Sabien Technology Group plc

Sabien Technology Group plc provides energy reduction solutions designed to
help businesses achieve their sustainability goals, with a particular focus on
reducing energy consumption and carbon emissions.

 

The Sabien Technology Group plc holds the Green Economy Mark from the London
Stock Exchange, recognising companies generating over 50% of their revenues
from sustainable products and services.

 

About M2G Cloud Connect Solution

Sabien's M2G Cloud Connect solution, which underpinned this order, provides
real-time, visible energy and CO2 savings, and analytics. By continuously
monitoring plant operations, M2G Cloud Connect captures and processes data,
offering actionable insights via an intuitive smart dashboard. This technology
not only delivers immediate energy savings but also offers clear guidance on
optimising plant performance and efficiency.

 

 

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