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 CO2 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.
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For
Further Information:
Sabien Technology Group
plc
Richard Parris, Executive
Chairman
|
+44 20 7993 3700
investors@sabien.com
www.sabien.com
|
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Allenby Capital
Limited (Nominated Adviser)
John Depasquale / Nick
Harriss / Vivek Bhardwaj
|
+44 203 328 5656
|
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Peterhouse Capital
Limited (Broker)
Duncan Vasey / Lucy
Williams
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+44 207 469 0930
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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.
