REG - Sabien Technology - Order Update – New Channel Partner & Customer

Sabien TechnologyAnnouncement

24/10/2022 07:00

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RNS Number : 8421D  Sabien Technology Group PLC  24 October 2022

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

24 October 2022

 

Sabien Technology Group plc

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

 

Order Update - New Channel Partner and Strategic Customer

 

Sabien Technology Group plc (AIM:SNT), the company focused on a green
aggregation strategy, provides an update on a new order received on
21 October 2022 from a strategically important customer.

 

As part of our previously announced strategy of moving to a channel selling
model, we are pleased to announce a further repeat order has been received
from CBRE for multiple installations of Sabien's M2G Cloud product across
Ericsson's European estate.

 

As a CBRE Approved Supplier, Sabien has been working directly with the CBRE
Enterprise division and the CBRE EMEA Energy & Technical Management team
to deliver energy reduction for Ericsson throughout EMEA. Our first regional
installation earlier this year is currently delivering a net 12.5% saving.
Further new installations in Estonia / Rome / Madrid will maximise Ericsson's
carbon and OPEX savings. This is critical during the European-wide energy
crisis.

 

Orders across the first three building installations exceed £40,000 in the
current period and discussions are in progress to ramp up deployment across
Ericsson's international estate.

 

It is fitting that Ericsson, the leading provider of 5G network equipment, is
an early adopter of Sabien's unique Cloud IOT GSM enabled solution. Sabien's
M2G Cloud dashboard enables CBRE to showcase to Ericsson and other customers,
visible plant saving and performance, individually, locally or globally at the
click of a button.

 

Richard Parris, Chairman of Sabien, commented:

"CBRE is an important partner and Ericsson a flagship end-customer for our M2G
technology. The Sabien sales team have worked tirelessly to build the
relationship with CBRE such that they in turn could secure such a technically
demanding customer. This is evidence of the new generation sales pipeline
Sabien has been building for the M2G Cloud platform. As CBRE and other, as yet
to be announced partners, gather momentum and as the shortage of silicon chips
which has been holding back our stock of M2G units abates, our sales volumes
are anticipated to accelerate. We have chosen to announce this order only
after three repeat orders have been secured because I believe news flow to the
market should only be made based on robust evidence of performance."

 

 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

 

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