Sabien Technology Group PLC Corporate Update - Contract win (4910R)
08 March 2021 - 9:59PM
UK Regulatory
TIDMSNT
RNS Number : 4910R
Sabien Technology Group PLC
08 March 2021
Sabien Technology Group plc
("Sabien" or "the Company")
Corporate Update - Contract win
Sabien Technology Group plc (AIM: SNT), a company focussed on
building a portfolio of solutions, in the heating, cooling and
transportation sectors, that deliver immediate reductions in CO2
emissions, is pleased to announce that its operating subsidiary,
Sabien Technology Ltd, has been awarded a further contract by a
major UK government department worth approximately GBP400,000. This
is for the extended deployment of Sabien's M2G Boiler Optimisation
Technology across multiple sites throughout the UK. A previous
order from this customer was
announced on 14 September 2020.
Richard Parris, Executive Chairman of Sabien, said:
"This additional contract award is confirmation of Sabien's
ability to deliver large scale M2G roll out projects in the UK
Public Sector. We are delighted to be asked to continue to support
this government department's CO2 savings programme. This order
ensures that Sabien's financial performance in the current
financial year will be approximately double that delivered in the
prior period. In light of the Covid lockdown this is a significant
achievement and a testament to the strength of our technology and
dedication of our staff".
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 Richard Parris, Executive
Chairman.
For Further Information:
Sabien Technology Group plc
Richard Parris, Executive Chairman +44 20 7993 3700
Allenby Capital Limited (Nominated
Adviser)
John Depasquale / Asha Chotai +44 203 328 5656
Peterhouse Capital Limited (Broker)
Duncan Vasey / Lucy Williams +44 207 469 0930
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END
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