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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 | 6,806 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
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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October 24, 2022 02:00 ET (06:00 GMT)
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