Sabien Technology Group PLC Order Update -- New Channel Partner & Customer (8421D)
24 October 2022 - 5:00PM
UK Regulatory
TIDMSNT
RNS Number : 8421D
Sabien Technology Group PLC
24 October 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310.
24 October 2022
Sabien Technology Group plc
("Sabien", the "Company" or the "Group")
Order Update - New Channel Partner and Strategic Customer
Sabien Technology Group plc (AIM:SNT), the company focused on a
green aggregation strategy, provides an update on a new order
received on 21 October 2022 from a strategically important
customer.
As part of our previously announced strategy of moving to a
channel selling model, we are pleased to announce a further repeat
order has been received from CBRE for multiple installations of
Sabien's M2G Cloud product across Ericsson's European estate.
As a CBRE Approved Supplier, Sabien has been working directly
with the CBRE Enterprise division and the CBRE EMEA Energy &
Technical Management team to deliver energy reduction for Ericsson
throughout EMEA. Our first regional installation earlier this year
is currently delivering a net 12.5% saving. Further new
installations in Estonia / Rome / Madrid will maximise Ericsson's
carbon and OPEX savings. This is critical during the European-wide
energy crisis.
Orders across the first three building installations exceed
GBP40,000 in the current period and discussions are in progress to
ramp up deployment across Ericsson's international estate.
It is fitting that Ericsson, the leading provider of 5G network
equipment, is an early adopter of Sabien's unique Cloud IOT GSM
enabled solution. Sabien's M2G Cloud dashboard enables CBRE to
showcase to Ericsson and other customers, visible plant saving and
performance, individually, locally or globally at the click of a
button.
Richard Parris, Chairman of Sabien, commented:
"CBRE is an important partner and Ericsson a flagship
end-customer for our M2G technology. The Sabien sales team have
worked tirelessly to build the relationship with CBRE such that
they in turn could secure such a technically demanding customer.
This is evidence of the new generation sales pipeline Sabien has
been building for the M2G Cloud platform. As CBRE and other, as yet
to be announced partners, gather momentum and as the shortage of
silicon chips which has been holding back our stock of M2G units
abates, our sales volumes are anticipated to accelerate. We have
chosen to announce this order only after three repeat orders have
been secured because I believe news flow to the market should only
be made based on robust evidence of performance."
For Further Information:
Sabien Technology Group plc +44 20 7993 3700
Richard Parris, Executive Chairman Scott.fulton@sabien.com
Scott Fulton, Investor Relations
Allenby Capital Limited (Nominated
Adviser)
John Depasquale / Nick Harriss /
Vivek Bhardwaj +44 203 328 5656
Peterhouse Capital Limited (Broker)
Duncan Vasey / Lucy Williams +44 207 469 0930
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