26th Jun 2007 07:01
Sabien Technology Group PLC26 June 2007 Sabien Technology Group plc ("Sabien") Additional Contract Win Sabien Technology Group plc ("Sabien"), the owner of M2G, an energy savingsoftware product that is proven to reduce fuel consumption and carbon emissions,is pleased to announce a further contract win with a leading UK bank worth£420,000. In the trading update issued on 1st June, the Board advised that the Company'smain client was scheduling a further roll-out of M2G units over the next 12months. It is pleased to be able to report that the client has now issued theCompany with an order worth £420,000 as part of this roll-out process. This isyet again a further endorsement of the unique carbon and money saving qualitiesof the M2G unit. Alan O'Brien, CEO of Sabien said: "In the earlier phases of the M2Ginstallations, our client has already seen savings of over 20% on its energybills with a reduction of 3,835 tons in CO2 emissions and a payback of 54 weeks.Our technology is proven to reduce energy consumption allowing businesses to seethat we can clearly deliver on their investment. The endorsement given by ourclient's continued purchase of M2G serves to validate our business strategy ofproviding a solution that not only delivers on carbon reduction but also on costsavings for our clients." Additionally, the strategic initiative to target multi-site commercialorganisations also referred to on 1st June is progressing well and the Board isvery encouraged by early feedback. Finally, the Board of Sabien is very pleased with recent progress and looksforward to the remainder of 2007 with considerable optimism. For further information, contact: Gus OrchardSabien Technology Group PlcTel: 0207 993 3694 Marie CairneyGavin Anderson & CompanyTel: 0207 554 [email protected] Notes to editors: About M2G M2G is a micro processor based product. A unit can be retro-fitted to a new orexisting boiler in 90 minutes. M2G re-assesses the boiler characteristics eachtime it is switched on and takes into account the variation in the performanceof the heating system over time. The change in boiler performance can be due to a number of factors such ascoating and furring of pipe work and radiators, changes in the use of thebuilding, or from the thermal output of installed equipment. M2G only adjustsits performance bases on the daily requirements of the building. M2G integrates seamlessly with BEMS. All published savings data to date has beenachieved in buildings using BEMS. Not to be confused with a time delay unit - M2G is an intelligent microprocessor based system measuring temperature loss over time. Time delay units on the other hand will stop the burner from firing even whenthere is a real demand from the building for heat. The timer adds additionalcontrol but not additional intelligence to the system and comfort levels in thebuilding will be negatively affected. About Sabien: Sabien Technology Group plc was admitted to AIM, part of the London StockExchange, in December 2006. Sabien's clients are public and commercial sector organisations who use gas-andor oil-fired boilers to heat space and water. Sabien manufactures and sells M2G, which is both Carbon Trust approved andqualifies for the Enhanced Capital Allowance scheme. It is proven to cut energyconsumption of boilers that use gas and/or oil to heat water and space by up to35%, without having any negative impact on performance or reliability. Thetypical payback period for M2G is 6 and 24 months. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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