Business
New contract wins
New contract wins.
About this update from Sabien Technology Group Plc
[{"type":"text","content":"\n Sabien Technology Group PLC\n13 November 2007\n\n\n\n 13 November 2007\n\n\n Sabien Technology Group Plc\n\n New orders signed with Deutsche Bank and O2\n\n\nSabien Technology Group (AIM: SNT) is focused on helping private and public\nsector organisations manage their carbon emissions through the use of proven\ntechnology which reduces energy consumption by up to 35%.\n\n\nSabien has recently won new orders from Deutsche Bank and O2 to install its M2G\nenergy saving technology at a number of office locations for both companies for\na total value of approximately £70,000.\n\n\nThe order with O2 is the result of a pilot at two locations which demonstrated\naverage energy savings of 27% and 16%, a total of 982 tonnes of carbon saved\nduring that pilot period, and a positive return on investment at each site of\nunder 14 months and 7 months respectively.\n\n\nPaul Eggleton, Energy Manager at O2, said: 'We have been very impressed with the\nperformance of the M2G units. They have lived up to all expectations and because\nthey are so easy to fit there was no interruption in service to the two trial\nbuildings.\n\n\n'We are now rolling out M2G to other corporate offices in our portfolio and look\nforward to seeing significantly reduced gas bills. The payback period is very\ngood and we would recommend these to anyone with gas consuming sites.'\n\n\nAbout Sabien Technology\n\nSabien was set up in 2004 to commercialise M2G an energy saving technology which\nreduces gas consumption used in commercial boilers. In September 2007, Sabien\nlaunched M3G which reduces electricity consumption in commercial\nair-conditioning units. Both M2G and M3G are proven to reduce carbon and energy\nconsumption by up to 35% with typical pay back in under 2 years.\n\n\nWith interest in 'green issues' being at an all time high for private and public\norganisations, the need to achieve both financial savings as well as an improved\nenvironmental profile is becoming increasingly important in the Boardrooms of UK\nPLC.\n\n\nRising energy prices also create a more immediate imperative to reduce energy\nconsumption and cut energy costs. The urgency to seek new solutions is most\ndefinitely a growing feature of the market and consequently companies are\nbeginning to implement energy strategies to meet challenging energy reduction\ntargets.\n\n\nA number of custo...