18th Nov 2015 11:17
LONDON (Alliance News) - Sabien Technology Group PLC said Wednesday that it will report a loss in line with its expectations for its first half to end-December, as a result of costs related to the pilot programme for its M2G boiler optimisation product.
In a statement ahead of the company's annual general meeting Sabien said that to date, 21 clients have signed an agreement to go ahead with a pilot of the product, following its decision to offer free pilots to up to 35 clients in July. Of the 21 clients signed, 6 are now live, and the remainder are in the course of being installed or are being surveyed pending installation.
Shares in Sabien were down 6.1% at 5.75 pence Wednesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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