viewSabien Technology Group PLC

Sabien Technology - Corporate Update - Contract win

RNS Number : 9402Y
Sabien Technology Group PLC
14 September 2020

For immediate release

14 September 2020

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 £185,000 for the deployment of Sabien's M2G Boiler Optimisation Technology across parts of its Estate.  The order is a continuation of the contract announced on 2 April 2019 and further order announced in the interim results on 20 March 2020.

Richard Parris, Executive Chairman of Sabien, said:

"This repeat contract award is confirmation of Sabien's ability to deliver large scale M2G roll out projects in the Public Sector during the COVID-19 pandemic. We are delighted to be asked to continue to support the department's energy saving programme."

Since the trading update released on 6 July 2020, the Company has received orders of over £240,000, for the financial year ending June 2021 .

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 Richard Parris, Executive Chairman.


For further information:

Sabien Technology Group plc

Richard Parris 



+44(0)20 7993 3700

Allenby Capital Limited (Nominated Advisor)

John Depasquale / Asha Chotai



+44(0)20 3328 5656

Peterhouse Capital Limited (Broker)

Duncan Vasey / Lucy Williams

+44(0)20 7469 0930


A copy of this announcement will be available from the Company's website at www.sabien-tech.co.uk





This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

Quick facts: Sabien Technology Group PLC

Price: -

Market: AIM
Market Cap: -

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


3 min read