Sabien Technology Group PLC Corporate Update - Contract Win (7595U)

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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                     [phone] 
  Alan O'Brien                                    3700 
 Beaumont Cornish Limited (Nominated Advisor) 
  Michael Cornish and Roland Cornish             [phone] 
  www.beaumontcornish.com                         3396 
 Peterhouse Capital Limited (Broker)             [phone] 
  Martin Lampshire and Fungai Ndoro               0930 
 
 

ENDS

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April 02, 2019 02:01 ET (06:01 GMT)