Sabien Technology Group PLC Contract Win (0345G)

TIDMSNT

RNS Number : 0345G

Sabien Technology Group PLC

25 March 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

25 March 2022

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 UK government department for a value of approximately GBP264,000. This is for the extended deployment of Sabien's M2G Boiler Optimisation Technology across multiple sites throughout the UK in support of a major project.

A previous order from this customer was announced on 8 March 2021 for a separate project. This is the first volume order for more than 100 M2G Cloud Connected devices and vindicates the Company's product management decision to Cloud enable all our solutions. At times of rapidly increasing gas prices Sabien Cloud delivers significant, visible, and measurable savings.

Richard Parris, Executive Chairman of Sabien, said:

"This contract award is further confirmation of Sabien's ability to deliver large scale M2G roll out projects in the UK Public Sector using our new Cloud Connected devices. Using the intuitive M2G Cloud dashboard, customers and their facilities management partners can take back control of efficiency by monitoring the performance of any boiler in any boiler room from any location. This saves outage disruptions, gas consumed and CO2 emissions ."

Further Information:

 
Sabien Technology Group plc 
 Richard Parris, Executive Chairman                [phone] 
Allenby Capital Limited (Nominated Adviser) 
 John Depasquale / Nick Harriss / Vivek Bhardwaj   [phone] 
Peterhouse Capital Limited (Broker) 
 Duncan Vasey / Lucy Williams                      [phone] 
 

The person who arranged for the release of this announcement on behalf of the Company was Richard Parris, Executive Chairman.

A copy of this announcement will be available from the Company's website at www.sabien.com

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March 25, 2022 03:00 ET (07:00 GMT)