REG - Sabien Technology - Trading update - acceleration of new M2G orders

Sabien TechnologyAnnouncement

27/01/2025 07:00

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RNS Number : 7359U  Sabien Technology Group PLC  27 January 2025

The information contained within this announcement was deemed by the Company
to constitute inside information as stipulated under the UK Market Abuse
Regulation

 

27 January 2025

Sabien Technology Group plc

("Sabien" or the "Company")

 

Trading update

 

Acceleration of new M2G orders

 

Sabien (AIM: SNT), a leading provider of energy reduction technologies, is
pleased to provide the following trading update in relation the Company's M2G
Cloud Connection Solution ("M2G").

 

Following the last M2G trading update, which was detailed in the Company's
announcement on 18 November 2024, Sabien has secured new orders totalling
£186,243 from seven new customers signed in January 2025. These new orders
which were secured in the last three weeks represents 26% of the Company's
total revenues for the year ended 30 June 2024.

 

87% of this new revenue was achieved through Sabien's partnership with CBRE.
End customers include a major pharmaceutical company, a large European bank, a
global power technology provider, a London University, a German performance
car producer and a healthcare manufacturer.

 

Richard Parris, Executive Chairman of Sabien, said: "At around the halfway
point of the current financial year I am delighted to see our month-on-month
sales run-rate rapidly accelerating through our recent partner engagement
program. At the current monthly run rate and given our strong sales pipeline
we expect to exceed last years' sales performance by the year end. Our new
diverse customers demonstrate the breath of our market potential and their
expert buying teams provide the compelling validation of our proposition to
save energy, cost and deliver ESG compliance."

 

A further sales update will be provided along with our interim results in
mid-March 2025.

 

For further Information, please contact:
 
 

 

Sabien Technology Group plc
                     +44 20 7993 3700

Richard Parris, Executive Chairman
 
investors@sabien.com

 

Allenby Capital Limited (Nominated Adviser)

 

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

 Bhardwaj
 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.

 

Website: www.sabien.com

 

 

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