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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Sabien Technology Group Plc | LSE:SNT | London | Ordinary Share | GB00BN6JG812 | ORD 3P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 12.50 | 12.00 | 13.00 | 12.50 | 12.50 | 12.50 | 877 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMSNT
RNS Number : 0519E
Sabien Technology Group PLC
13 July 2016
Sabien Technology Group Plc
('Sabien' or the 'Company')
General Meeting statement
At the General Meeting to be held later today, Alan O'Brien, Chief Executive Officer of the Company, will provide the following update.
Sales pipeline and orders received
As of today's date, the Company is pleased to report that the sales pipeline is standing at GBP12.5m which compares with GBP11.4m at the time of the trading update on 2(nd) June.
Pilot programme
The number of UK pilots completed in the financial year to 30 June 2016 was 30 and there are a further five UK pilots which are still in measurement. The Company is working on the pilot programme for the current financial year and has received expressions of interest from a number of organisations which meet the Company's criteria for inclusion in the programme which is scheduled to commence in the autumn.
Endotherm
The Company is pleased to announce that it has signed a 10 year agreement with Endo Enterprises (UK) Ltd ("Endo") to act as sole distributor in the UK to the commercial market of Endo's EndoTherm product. EndoTherm is a liquid additive for heating systems which has been proven to improve thermal efficiency and provide savings of up to 15%. The Company believes this is a complementary fit with our existing M2G and M1G products and can be used more conveniently and effectively together while improving the facilitation of purchasing for our clients.
UK Trading
Orders of GBP111k have been received since 1 July 2016 and will be recognised as sales revenue in the current financial year. The Company continues to maintain three month's cash to cover working capital which is in line with the Board's strategy.
A further update will be provided to the market at the time of the preliminary announcement of the full year results in October 2016.
For further information:
Sabien Technology Group plc Alan O'Brien, Chief Executive Tel: +44(0) 207 993 3700 Gus Orchard, Finance Director Stockdale Securities Ltd Antonio Bossi Tel: +44(0) 20 7601 6100
Rose Ramsden
This information is provided by RNS
The company news service from the London Stock Exchange
END
GMSEAPXDFESKEEF
(END) Dow Jones Newswires
July 13, 2016 04:08 ET (08:08 GMT)
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