REG - Sabien Technology - New system installed at Hampton Court Palace

Sabien TechnologyAnnouncement

07/02/2024 07:00

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RNS Number : 2435C  Sabien Technology Group PLC  07 February 2024

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

The directors take responsibility for this announcement.

7 February 2024

Sabien Technology Group plc

("Sabien" or the "Company")

 

M2G Cloud Connect system installed at Hampton Court Palace

 

Sabien Technology Group plc (AIM:SNT), the company focused on a green
aggregation strategy, today announces that M2G, Sabien's cloud-enabled gas
boiler energy saving solution, has successfully installed a M2G Cloud
Connect system at Hampton Court Palace.

 

M2G has deployed its Cloud Connect system for use within a greenhouse boiler
system. Cloud Connect provides real-time analysis of the efficiency
improvements and cost savings without having to affect the fabric of the
buildings. Given the listed status of much of the estate, Cloud Connect's
non-intrusive installation and instant savings, is a key solution for Historic
Royal Palaces ("HRP") in pursuing its gas reduction aims at Hampton Court
Palace.

 

The deployment of M2G Cloud Connect at Hampton Court Palace is the second such
for HRP. The system is also in place at The Tower of London and is being used
throughout this estate as part of its on-going energy management.

 

Commenting on the installation, Jack Harper, Historic Royal Places Energies
Future Engineer, commented:

"The M2G Cloud Connect system was seamlessly installed by Sabien Engineers
within a single day, without any disruption or downtime to the existing system
or building fabric. I am genuinely impressed with the product as I can easily
monitor the savings performance through my dashboard and am looking at more
install locations early 2024."

 

Commenting on the installation, Richard Parris, Executive Chairman of Sabien,
commented:

"The Green Agenda is evolving. Technological applications, such as M2G Cloud
Connect, are now being deployed in settings which, only recently, would not
have been considered capable of achieving efficiencies. Thus, managing the
energy transition need not be the preserve of the new build but can be
effected in almost every part of the built environment.

 

While the revenues from this installation will not substantially impact
revenues in the current financial year, Sabien and M2G are pleased to be
working with Historic Royal Palaces in this regard. We look forward to further
such collaborations, both directly and with those who serve the estate."

 

For Further Information:

Sabien Technology Group plc

Richard Parris, Executive Chairman
 
+44 20 7993 3700

Scott Fulton, Investor
Relations
scott.fulton@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

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