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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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