Sabien Technology Group PLC Corporate Update - Contract Win (7595U)
02 April 2019 - 5:01PM
UK Regulatory
TIDMSNT
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 GBP846,375 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 GBP1,141,713 (2018: GBP478,709). 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 +44(0)20 7993
Alan O'Brien 3700
Beaumont Cornish Limited (Nominated Advisor)
Michael Cornish and Roland Cornish +44(0)20 7628
www.beaumontcornish.com 3396
Peterhouse Capital Limited (Broker) +44(0)20 7469
Martin Lampshire and Fungai Ndoro 0930
ENDS
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END
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