Shares in Sabien Technology Group PLC (AIM:SNT) jumped 14% to 11.44p, continuing their recovery from a recent all-time low earlier this month, as the company said its M2G boiler management has been enjoying strong demand.
M2G has almost tripled carbon savings, said executive chairman Richard Parris in a statement ahead of the company's annual shareholder meeting, while Cloud Connect installations are now nearly twice that of a year ago.
"Since year end, new orders and revenue growth have extended the strongly positive trend during the last financial year," he said, with M2G maintaining a "robust" financial position and expanding its product offering and geographic footprint.
Parris said the b.grn special purpose vehicle has been working on building its relationship with City Oil Field and understanding the market, with the board expecting to "deliver on key milestones in the year to June 2024".