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Regulatory Story
Company Sabien Technology Group PLC
TIDM SNT
Headline Corporate Update - Contract Win
Released 07:00 02-Apr-2019
Number 7595U07

RNS Number : 7595U
Sabien Technology Group PLC
02 April 2019
 

For immediate release

2 April 2019

Sabien Technology Group plc

("Sabien" or "the Company")

Corporate Update - Contract win

 

Sabien Technology Group plc (AIM: SNT), the manufacturer and supplier of M2G, a boiler energy efficiency technology, is pleased to announce it has been awarded a contract by a major government department worth £846,375 for the deployment of Sabien's M2G Boiler Optimisation Technology across parts of its Estate.

Alan O'Brien, Chief Executive Officer of Sabien, said:

"This is a key contract award for Sabien and is another illustration of the success we can achieve in the Public Sector. This is an excellent demonstration of the quality of our M2G boiler control, scale of installation expertise and the project management that Sabien can bring to a contract of this type, applying skills gathered from previous large-scale client M2G roll out programmes.

We are delighted to be part of the department's efforts to help reduce its energy use and to make government operations and spending more measurable."

This brings total orders to date for the financial year ending June 2019 to £1,141,713 (2018: £478,709). All sales revenue will be realised in this financial year. 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR"). The person who arranged for the release of this announcement on behalf of the Company was Alan O'Brien, CEO and Director.

 

For further information:

Sabien Technology Group plc   

Alan O'Brien     

+44(0)20 7993 3700

Beaumont Cornish Limited (Nominated Advisor)

Michael Cornish and Roland Cornish     

www.beaumontcornish.com

+44(0)20 7628 3396

Peterhouse Capital Limited (Broker)

Martin Lampshire and Fungai Ndoro

+44(0)20 7469 0930

 

 

 

ENDS


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