25th Aug 2011 07:00
August 2011
Sabien Technology Group plc
("Sabien" or "the Company")
Contract win
Sabien, the manufacturer and supplier of M2G, a patented energy efficiency technology, is pleased to announce it has received an order from Monteray Ltd ("Monteray") for £338,325 for M2G installations within the BT Group plc estate which, when added to a recent order from them for £52,050, brings the total value of orders received under this contract for this financial period to £390,375. The orders will be recognised as sales revenue during the current financial year to 30 June 2012.
Under this contract the company is anticipating further orders of similar value and will update the market as and when it is appropriate do so.
Alan O'Brien, Chief Executive Officer for Sabien said:
"We're delighted to have secured our third contract with Monteray and to be working again with one of the world's leading communications services companies. It's a great endorsement for Sabien that they have chosen M2G again to support their on-going carbon reduction commitments in the UK. "
For further information:
Sabien Technology Group plc
Alan O'Brien, CEO Tel: +44 (0) 20 7993 3700
Gus Orchard, CFO www.sabien-tech.co.uk
Altium
Adrian Reed Tel: +44 (0) 845 505 4343
Phil Frame www.altiumcapital.com
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